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Security System Market: Find Statistics and Market Data

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Global Security Systems Industry Analysis

The global security systems industry (part of the hardware and electronic equipment market) encompasses many domains from households to the corporate world and touches on an array of sectors such as energy and transportation. As businesses and individuals continue to enlist the internet in their day-to-day activities, the need for protection from cyber threats is increasingly important.

Hackers worldwide are using more complex methods, which drives demand for sophisticated cyber security solutions. Terrorist threats in particular are prompting greater investment in security, notably in transportation applications. Innovation in terms of software is equipping the transportation sector with a necessary security tool.

Key Market Segments

The world Managed Security Systems (MSS) market is expected to reach almost $8.5 billion by 2015, according to Global Industry Analysts. Demand will be particularly strong in developing markets like the Asia-Pacific region. Market growth is fuelled by rising corporate interest in risk management and network security to combat hackers. Companies not only purchase security systems, but also constantly update them to evolve at the same rate as hacker attacks. MSS demand is also rising due to the need to track data within companies such as network logs and emails.

The global security equipment market is expected to record yearly growth in excess of 7% through 2014 to reach $95 billion, says Freedonia. Emerging markets are set to record the strongest growth, across Africa, South America, Asia and Eastern Europe. Electronic security products represented 60% of the overall security equipment market three years ago, and are expected to grow to account for a larger market share in coming years.

The world security software market for small and medium business is expected to expand at over 13% yearly between 2010 and 2014, reports TechNavio. Market growth will be driven by compliance requirements, and demand will be particularly strong for email and web security solutions. One obstacle to market expansion is the relatively lower IT security budget compared with larger companies. Leading players operating in the market include Trend Micro, McAfee, Kaspersky Lab and Symantec

The world network security industry is expected to reach almost $10 billion by 2014, according to TechNavio. Market growth will be driven by widespread virtualization of servers and the consequent need for up-to-date network security solutions. One obstacle to market growth involves implementation difficulty as IT infrastructure becomes increasingly complex.

Due to the rising number of cyber attacks being carried out worldwide, companies and state bodies have been obliged to step up their network security. Visiongain estimates the world cyber security market will exceed $61 billion by 2012.

The world smart grid cyber security market is forecast to record yearly growth of almost 21% from 2010 to 2014, reports TechNavio. Market growth is fuelled by compliance requirements, and obstacles to market expansion include the lack of sector uniformity. Leading players operating in this market include VeriSign, Industrial Defender and BAE Systems.

The world security technologies for transportation industry was worth close to $2.5 billion in 2010 and is forecast to record yearly growth of 20% to reach almost $6 billion by 2015, reports BCC Research. Video surveillance technology represents the leading market segment at just under $2 billion. Biometrics technology is set to record the fastest growth rate, exceeding 33% growth between 2010 and 2015.

BCC Research estimated the US home automation systems and devices market was worth around $3.2 billion in 2010. The market is forecast to exceed $5.5 billion in 2016, recording yearly growth of close to 11% between 2011 and 2016. Lighting, home entertainment and security systems combine to represent almost 60% of the home automation market. This segment should see yearly growth of over 12% to reach almost $4 billion in 2016. The remainder of the market is made up of ventilation, air conditioning, heating and energy management. This segment, accounting for over 40% of the overall market, is forecast to record yearly growth of almost 7.5% from 2011 to 2016, reaching $1.7 billion.

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Parent industry: IT Infrastructure
Related industries: Network Equipment, Personal Computer and Server, Point Of Sale Systems

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