Electronic Security Market Outlook:
Electronic Security Market size was over USD 61.37 billion in 2024 and is anticipated to cross USD 187.23 billion by 2034, growing at more than 11.8% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of electronic security is assessed at USD 67.53 billion.
The market growth is attributed to massively increasing ratio of crime incidences such as robbery, and theft across the globe. For instance, until mid of 2022, the ratio of violent crime in United States has boosted to approximately 48.50 per 100,000 inhabitants.
Electronic security encompasses all systems that use electronic devices and integrated technology to boost safety and protect human life and physical assets. It consists surveillance, access control, intrusion detection, alarm and other security channels. Such systems comprise of alarms, access controls and CCTVs (closed circuit televisions), which are prominently and broadly utilized. The electronic security provides users with invaluable video surveillance benefits. Video surveillance helps to oversee entry points in the home or business.
The mounting adoption of electronic security systems by government agencies, and manufacturing industries is the significant factor to boost the electronic security market revenue. For instance, by 2022, around 44% of police agencies are anticipated to use digital tools to improve public security and an alternate solution framework, such as live video streaming and shared workflows.
