How big is the Security Market?

The Security Market size is expected to reach USD 23.71 billion in 2024 and grow at a CAGR of 10.20% to reach USD 38.53 billion by 2029. Read More

What is the current Security Market size?

In 2024, the Security Market size is expected to reach USD 23.71 billion. Read More

Who are the key players in Security Market?

Verkada Inc., HID Global, Honeywell International Inc., Genetec Inc. and Palo Alto Networks are the major companies operating in the Security Market. Read More

Which is the fastest growing region in Security Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Security Market?

In 2024, the North America accounts for the largest market share in Security Market. Read More

What years does this Security Market cover, and what was the market size in 2023?

In 2023, the Security Market size was estimated at USD 21.29 billion. The report covers the Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Security Market Share

Statistics for the 2023 & 2024 Security market share, created by Mordor Intelligence™ Industry Reports. Security share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Security Industry

The security market is fragmented and characterized by diverse players, from established multinational corporations to innovative startups. Major technology firms, specialized security companies, and integrators vie for market share through continuous innovation. The rapid evolution of security threats and technologies drives intense competition, with firms investing heavily in research and development to offer cutting-edge solutions. Players such as Verkada Inc., HID Global, Bosch, Genetec, Palo Alto Networks and many more operate in this market.

April 2024: IBM Cloud partnered with Fortinet to introduce the Fortinet Virtual FortiGate Security Appliance (vFSA) on its platform. This new solution from Fortinet combines the robust features of its FortiGate hardware firewall with the adaptability of virtual appliances. The vFSA equips clients with the advanced security features of FortiGate's next-generation firewall (NGFW) throughout the IBM Cloud network. This design aims to safeguard clients' networks, especially those handling sensitive traffic and data, ensuring high availability.
February 2024: Hikvision launched its second-generation professional access control products. These new offerings mark a substantial advancement in access management, introducing innovations in web management, flexible authentication, specialized access applications, and integrated security solutions. Hikvision's latest products boast extensive, robust features and functionalities, emphasizing seamless and efficient access management.