ASIS International and SIA Release “Complexities in the Global Security Market: 2024 Through 2026”

  • Feb 26, 2024

ASIS International and the Security Industry Association (SIA) – the leading security associations for the security industry – have released ”Complexities in the Global Security Market: 2024 Through 2026”, a new research report that provides insights into the equipment, technologies, and employment of the global security industry, including regional market breakouts. SIA and ASIS partnered with global analytics and advisory firm Omdia to complete the research.

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, organizational 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.

Key research findings include:

  • 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.

“The Complexities in the Global Security Market report presents critical economic insights on the importance of the global security industry and offers a valuable snapshot of where we are moving over the next three years,” said SIA CEO Don Erickson. “Through a collaborative effort between SIA and ASIS, we are pleased to present new and useful data and trend insights on the direction of the physical security market, employment and the influence of technological change to our members. We hope that our members will leverage this report to shape their future business strategies.”

The report also includes analyses of regional demand, solution requirements, economic conditions, service and equipment preferences, and political challenges, as well as the impact of technology trends like artificial intelligence and cloud computing.

“The industry has long needed a study to understand the scope and breadth of the security sector, which is important economically just as it is vital to ensure we have secure and safe workplaces around the world,” said Peter O’Neil, FASAE, CAE, CEO, ASIS International. “We are proud to have worked with the Security Industry Association on this groundbreaking research. The strength, vitality, and importance of the security industry has never been more apparent.”

The research report can be accessed for free by ASIS and SIA members; it can be found on the ASIS site here and on the SIA site here.

Featured

  • UL Solutions Launches Artificial Intelligence Safety Certification Services

    UL Solutions Inc., a global leader in safety science, today announced the launch of artificial intelligence (AI) safety certification services, enabling comprehensive assessments for evaluating the safety of AI-powered products. Read Now

  • ESA Announces Initiative to Introduce the SECURE Act in State Legislatures

    The Electronic Security Association (ESA), the national voice for the electronic security and life safety industry, has announced plans to introduce the SECURE Act in state legislatures across the country beginning in 2025. The proposal, known as Safeguarding Election Candidates Using Reasonable Expenditures, provides a clear framework that allows candidates and elected officials to use campaign funds for professional security services. Read Now

    • Guard Services

  • Ransomware Attacks Rise for the First Time in Six Months

    Ransomware attacks have risen for the first time in six months, increasing by 28% month-on-month to 421 attacks. While overall attack volume remained below 500, the uptick may signal a renewed escalation heading into the year’s most active period for cyber criminals. Read Now

  • Report: 47 Percent of Security Service Providers Are Not Yet Using AI or Automation Tools

    Trackforce, a provider of security workforce management platforms, today announced the launch of its 2025 Physical Security Operations Benchmark Report, an industry-first study that benchmarks both private security service providers and corporate security teams side by side. Based on a survey of over 300 security professionals across the globe, the report provides a comprehensive look at the state of physical security operations. Read Now

    • Guard Services

  • Identity Governance at the Crossroads of Complexity and Scale

    Modern enterprises are grappling with an increasing number of identities, both human and machine, across an ever-growing number of systems. They must also deal with increased operational demands, including faster onboarding, more scalable models, and tighter security enforcement. Navigating these ever-growing challenges with speed and accuracy requires a new approach to identity governance that is built for the future enterprise. Read Now

Most   Popular

New Products

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings.

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.

  • HD2055 Modular Barricade

    Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation.