The Security Industry Association, or SIA, and ASIS have partnered with global analytics and advisory firm Omdia to complete a new research report entitled, “Complexities in the Global Security Market: 2024 through 2026.” The report provides insights into the equipment, technologies and employment of the global security industry, including regional market breakouts and global security industry market size.
This exclusive report – produced for SIA and ASIS members – provides new global market statistics for the security equipment and service markets, including the entire route to market from the equipment and software companies manufacturing the technologies to the service providers deploying them through to the end users using the security and life safety solutions in their daily roles.
The publication was designed for practitioners in corporate, organisational and private security roles, as well as security solutions providers and equipment manufacturers, and is also relevant for others interested in the security market, including investors, academics and government officials.
Some of the key research findings include the following:
● The global physical security equipment market is expected to be worth $60.1 billion in 2024, as the industry continues to recover following the Covid-19 pandemic and grow to $70 billion by 2026.
● The overall physical security equipment and services market is much larger, totaling $405 billion in 2023 and projected to grow to nearly $500 billion by 2026.
● The physical security market employs more than 30 million people worldwide, with 210,000 of those being in the equipment market, about 7.87 million in the services market and 22.6 million working as security end users.
