From GlobeNewswire: 2025-05-01 09:00:00

The Commercial Security System Market was valued at USD 218.41 billion in 2023 and is expected to reach USD 419.23 billion by 2032, growing at a CAGR of 7.55%. This growth is driven by technological advancements in AI, IoT, and cloud-based solutions to combat security threats.

Key players in the market include Bosch Security Systems, Hikvision, Honeywell International, ASSA ABLOY, Tyco International, and more, offering a range of products from video surveillance cameras to smart home automation systems.

The market is segmented by hardware, software, and verticals, with fire protection systems and video surveillance software leading the way. Video surveillance software held a 47.2% share in 2023 and is expected to grow at a CAGR of 15.5% due to increased demand for AI-enabled analytics and cloud-based solutions.

North America dominates the market with a 38.8% share, while the Asia Pacific region is expected to grow at the highest CAGR due to rapid urbanization and smart city initiatives. Recent developments include Johnson Controls introducing next-gen access control and video surveillance solutions.

Overall, the Commercial Security System Market is driven by advancements in technology, increasing security threats, and the need for enhanced safety measures across various industries.



Read more at GlobeNewswire: Commercial Security System Market Size to Reach USD 419.23