Commercial Security Systems Global Market Report 2024

The commercial security systems market size has grown rapidly in recent years. It will grow from $243.75 billion in 2023 to $268.19 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The growth observed in the historic period can be attributed to several factors, including increased computing power, the rise of cloud computing, advancements in natural language processing (NLP), integration of Internet of Things (IoT) devices, and the development of industry-specific applications.

The commercial security systems market size is expected to see strong growth in the next few years. It will grow to $385.44 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth projected in the forecast period can be attributed to several factors, including the expansion of the AI talent pool, the global expansion of 5G networks, improvements in AI explainability, the exponential growth in data generation, and the impact of quantum computing. Major trends expected in the forecast period include the standardization of explainable AI, the development of AI-powered autonomous systems, increased collaboration between humans and AI, the emergence of AI-driven healthcare solutions, and continued technological advancements in the field.

The anticipated increase in fraud losses is expected to be a driving factor for the expansion of the commercial security systems market in the future. Fraud losses pertain to financial losses incurred as a result of fraudulent activities targeting individuals, businesses, or institutions. Commercial security systems enable business owners or security personnel to remotely monitor and manage the system through mobile apps or web interfaces. For example, in February 2023, the Federal Trade Commission reported that consumers experienced losses of nearly $8.8 billion to fraud in 2022, marking a significant increase of over 30% compared to the previous year. Consequently, the escalating incidents of theft are fueling the growth of the commercial security systems market.

Key players in the commercial security systems market are actively developing innovative technologies, such as cloud-based storage and remote monitoring technology, to enhance security solutions for commercial clients. Cloud-based storage facilitates remote data storage, simplifying access to data from various devices and locations. This technology has revolutionized the security industry landscape, offering easier approaches to security for commercial, residential, and educational sites. For instance, in August 2023, Casepoint Pvt. Ltd., an India-based software company, introduced Casepoint FileStore, a cloud-based data storage and staging solution. Casepoint FileStore empowers organizations to securely store their data in a protected environment, safeguarding it against unauthorized access and breaches.

In July 2022, Securitas Technology Ltd., a Sweden-based integrated security solutions provider, completed the acquisition of STANLEY Security for an undisclosed sum. Through this acquisition, Securitas Technology Ltd. combines the electronic security expertise and capabilities of both companies, offering a broader range of services and products to their clientele. The acquisition also strengthens Securitas' position as a premier provider of tech-enabled security solutions and a global partner for its customers. Stanley Security, a US-based commercial security solutions company, delivers various services including alarm monitoring and system integration.

Major companies operating in the commercial security systems market report are Comcast Corp., Robert Bosch GmbH, Cisco Corporation, Honeywell International Inc., Johnson Controls International Plc, Carrier Global Corporation, Hangzhou Hikvision Digital Technology Co. Ltd., ASSA ABLOY, ADT Inc., Allegion plc, Dormakaba Group, Dahua Technology Inc., Axis Communication AB, Hochiki Corporation, Godrej & Boyce Manufacturing Company Limited, Nortek Security and Control, Control4, Aetina Corporation, ASEC Engineers Inc., Tyco International Plc, ISC Projects Pvt. Ltd., Genetec Inc., Onyx Company, Vanderbilt Ltd., Amdahl Security Corporation.

North America was the largest region in the commercial security systems market in 2023. The regions covered in the commercial security systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial security systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The commercial security systems market consists of revenues earned by entities by providing services such as installation, maintenance, and monitoring of these electronic security systems. The market value includes the value of related goods sold by the service provider or included within the service offering. The commercial security systems market also consists of sales of products such as surveillance security systems, alarm systems, and control systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Commercial security systems encompass integrated technologies and solutions designed to safeguard businesses, organizations, and commercial properties against security threats. These systems are customized to address the specific security requirements of commercial entities and may encompass a combination of physical, electronic, and digital components. Their primary objective is to protect individuals, assets, information, and operations from unauthorized access, theft, vandalism, and other potential risks.

The core components of commercial security systems include hardware, software, and services. These systems utilize advanced software to integrate and manage a diverse range of components, including surveillance cameras, access control devices, and alarms. This integration enables comprehensive monitoring, real-time threat analysis, and efficient response mechanisms to enhance security measures. Commercial security systems find application in various scenarios such as indoor or outdoor surveillance, flood detection or protection, theft deterrence, occupancy and people counting, and are utilized across diverse sectors including retail, healthcare, office complexes, banking, financial services, insurance (BFSI), government, education, among others.

The commercial security systems market research report is one of a series of new reports that provides commercial security systems market statistics, including commercial security systems industry global market size, regional shares, competitors with a commercial security systems market share, detailed commercial security systems market segments, market trends, and opportunities, and any further data you may need to thrive in the commercial security systems industry. This commercial security systems market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.