What are the latest figures on the commercial security systems market’s size and projected CAGR?
The commercial security systems market size has grown strongly in recent years. It will grow from $268.19 billion in 2024 to $293.65 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to increased computing power, rise of cloud computing, improved natural language processing (nlp), integration of iot devices, industry-specific applications.
The commercial security systems market size is expected to see strong growth in the next few years. It will grow to $423.05 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to growing ai talent pool, global expansion of 5g networks, enhanced ai explainability, exponential growth in data generation, quantum computing impact. Major trends in the forecast period include explainable ai as a standard, ai-powered autonomous systems, human-ai collaboration, ai-driven healthcare solutions, technological advancements.
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What are the key drivers behind the rapid expansion of the commercial security systems market?
The increasing occurrences of fraud losses are anticipated to drive the expansion of the commercial security systems market in the future. Fraud losses refer to financial losses incurred by individuals, businesses, or institutions due to fraudulent activities. Commercial security systems allow business owners or security personnel to monitor and control the system remotely through mobile apps or web interfaces. For instance, in February 2023, according to the Federal Trade Commission, a US-based intergovernmental organization, consumers reported losing nearly $8.8 billion to fraud in 2022, an increase of more than 30% over the previous year. Therefore, the rising incidents of theft are driving the growth of the commercial security systems market.
What is the segmentation for the commercial security systems market?
The commercial security systems market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Application: Indoor Or Outdoor Surveillance, Flood Detection Or Protection, Theft Deterrence, Occupancy And People Counting, Other Applications
3) By End-User: Retail, Healthcare, Offices Complex, Banking, Financial Services, And Insurance (BFSI), Government And Education, Other End Users
Subsegments:
1) By Hardware: Surveillance Cameras, Access Control Systems, Intrusion Detection Systems, Alarm Systems, Sensors
2) By Software: Video Management Software (VMS), Access Control Management Software, Security Information And Event Management (SIEM) Software, Incident Management Software
3) By Services: Installation Services, Maintenance And Support Services, Monitoring Services, Consulting Services
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Who are the most influential companies in the commercial security systems market?
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
What are the most influential trends expected to drive the commercial security systems market forward?
Major companies operating in the commercial security systems market are developing innovative technologies such as cloud-based storage and remote monitoring technology to enhance security for commercial clients. Cloud-based storage allows for remote data storage, making accessing data from various devices and locations easier. This technology has transformed the security industry landscape, making it easier to approach security for commercial locations, domestic sites, and educational sites. For instance, in August 2023, Casepoint Pvt. Ltd., an India-based software company, launched Casepoint FileStore, its cloud-based data storage and staging solution. Casepoint FileStore enables organizations to store their data in a secure environment, protecting it from unauthorized access and breaches.
What are the major regional insights for the commercial security systems market, and which region holds the top position?
North America was the largest region in the commercial security systems market in 2024. The regions covered in the commercial security systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Commercial Security Systems Market Report 2025 Offer?
The commercial security systems market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Commercial security systems are integrated technologies and solutions that safeguard businesses, organizations, and commercial properties from security threats. These systems are tailored to meet the specific security needs of commercial entities and may include a combination of physical, electronic, and digital components. The primary goal is to protect people, assets, information, and operations from unauthorized access, theft, vandalism, or other potential risks.
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