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US Commercial Security Market Research Report By Product (Smart Locks, Security Cameras, Sensors), By Type (Intruder Alarms, Software, Access control, Surveillance systems) and By End-users (Retail, Healthcare, Banking) - Forecast to 2035


ID: MRFR/SEM/14264-HCR | 200 Pages | Author: Garvit Vyas| December 2023

US Commercial Security Market Overview:


The US Commercial Security Market Size was estimated at 56.43 (USD Billion) in 2023. The US Commercial Security Market Industry is expected to grow from 61.45(USD Billion) in 2024 to 170 (USD Billion) by 2035. The US Commercial Security Market CAGR (growth rate) is expected to be around 9.692% during the forecast period (2025 - 2035).


Key US Commercial Security Market Trends Highlighted


The US Commercial Security Market is experiencing significant growth driven by the increasing need for enhanced safety and security solutions in various sectors. Key market drivers include the rising incidence of crimes and terrorism, which has led businesses and organizations to invest heavily in advanced surveillance and security systems. Additionally, government initiatives aimed at improving public safety standards and securing public spaces are propelling demand. The emphasis on regulatory compliance, especially in industries like finance and healthcare, further boosts this market as organizations seek to protect sensitive data and assets. Opportunities to be explored in the US market are primarily linked to the adoption of smart technology. The integration of Internet of Things (IoT) devices, like smart cameras and access control systems, allows for more robust security measures. As businesses look to leverage technology for operational efficiency, the trend towards remote monitoring and management of security systems is gaining traction. Sustainability is also a growing concern, with many organizations seeking eco-friendly security solutions to align with their corporate responsibility goals. Recent trends indicate a shift towards cloud-based security solutions, enabling easier access and management of security data. This transition offers scalability and flexibility for businesses, making security more accessible for various sizes and types of organizations in the US. Furthermore, artificial intelligence and machine learning applications are increasingly being utilized to enhance the capabilities of security systems, enabling predictive analytics for better threat assessment. Overall, the US Commercial Security Market is adapting to dynamic needs, focusing on innovation and technology to meet evolving security challenges.


US Commercial Security Market size

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


US Commercial Security Market Drivers


Rising Demand for Advanced Security Solutions


The growing awareness of security threats in various sectors, including commercial, industrial, and public facilities, drives the US Commercial Security Market Industry towards adopting advanced security solutions. According to recent reports from the Federal Bureau of Investigation (FBI), property crimes have been a significant concern, with an estimated 7.2 million property crimes reported in 2020 alone, highlighting the urgent need for effective security measures. This increased vulnerability to theft, vandalism, and other criminal activities is prompting organizations such as Johnson Controls and ADT Inc. to innovate and expand their security product lines, focusing on integrated security systems that incorporate video surveillance, access control, and intrusion detection. The implementation of advanced technologies, such as artificial intelligence and machine learning in security systems, further supports this trend, ensuring real-time threat detection and risk mitigation. This emphasis on high-tech security solutions is expected to boost the US Commercial Security Market towards significant growth in the coming years.


Government Initiatives and Regulations


Government regulations and initiatives aimed at enhancing public safety significantly impact the US Commercial Security Market Industry. The U.S. Department of Homeland Security (DHS) has been actively promoting policies encouraging investment in security technologies to protect critical infrastructures. In 2021, the DHS allocated substantial funding for cybersecurity initiatives, signaling a broader commitment to security across both physical and virtual domains. Moreover, compliance from the Occupational Safety and Health Administration (OSHA) mandates that workplaces implement effective safety protocols that often include security measures. This regulatory framework creates a conducive environment for security service providers like Tyco Integrated Security and Honeywell International Inc., stimulating heightened demand for integrated security solutions in commercial settings, which is vital for the market's robust expansion.


Emerging Cybersecurity Threats


With the rise of digital transformation in businesses across the United States, cybersecurity has become a focal point within the US Commercial Security Market Industry. The Cybersecurity and Infrastructure Security Agency (CISA) reported a staggering increase in cyber incidents, with organizations facing an estimated 4,000 ransomware attacks daily in 2020. This surge translates to a pressing need for commercial establishments to bolster their cybersecurity defenses alongside their physical security measures. Renowned companies such as Cisco Systems and Fortinet are at the forefront, developing technologies that integrate cybersecurity measures with physical security solutions. As businesses become more interconnected and reliant on digital infrastructure, the increased awareness of cybersecurity threats is expected to propel demand for integrated security solutions, fostering significant growth in the market.


Technological Innovations Advancing Security Systems


Technological advancements are revolutionizing the US Commercial Security Market Industry, enabling the integration of smart technologies within security systems. The increased adoption of Internet of Things (IoT) devices is contributing to more sophisticated security solutions. According to the National Institute of Standards and Technology (NIST), the number of IoT devices is expected to exceed 30 billion by 2025 in the U.S. alone, creating a demand for security systems capable of managing vast amounts of data and connectivity. Leading firms such as Bosch Security Systems and Hanwha Techwin are investing heavily in Research and Development to innovate their security offerings, focusing on smart video surveillance, connected alarm systems, and advanced access control technologies. This influx of smart technologies enhances operational efficiency and provides commercial clients with a comprehensive security solution tailored to their needs, thereby propelling market growth in the long term.


US Commercial Security Market Segment Insights:


Commercial Security Market Product Insights


The US Commercial Security Market is experiencing significant growth, particularly within the product segment, which encompasses various components essential for maintaining safety and security in commercial environments. As businesses increasingly prioritize safety and cybersecurity, technologies such as Smart Locks, Security Cameras, and Sensors gain traction due to their effectiveness in preventing unauthorized access and monitoring premises. Smart Locks are revolutionizing access control, offering convenience and enhanced security features, such as remote locking capabilities and integration with smart technology. These innovations appeal to a range of sectors, including retail and hospitality, where secure access to sensitive areas is crucial for operations. Security Cameras play a vital role in surveilling and deterring criminal activity, providing invaluable support for law enforcement and loss prevention strategies. High-definition imaging, coupled with advanced features like motion detection and cloud storage, empowers organizations with real-time monitoring and recording capabilities. This growing demand for surveillance technology reflects the increasing awareness of security vulnerabilities in the commercial sector. Meanwhile, Sensors, which detect various environmental changes, contribute to a comprehensive security solution. These devices can monitor for smoke, gas leaks, intrusions, and other potential threats, thus safeguarding assets and personnel. The convergence of these technologies underscores the dynamic nature of the US Commercial Security Market, as businesses seek integrated solutions that cater to their specific security needs. With urbanization and the rise in crime rates within certain areas, commercial entities are compelled to invest in robust security measures. Furthermore, advancements in artificial intelligence and machine learning are set to enhance the functionalities of these products, making them even more effective in threat detection and risk management. The significance of these security solutions is amplified as government regulations increasingly mandate certain safety standards across various industries, thus driving market growth. As organizations continue adopting these innovative security measures, the product segment of the US Commercial Security Market is poised for substantial evolution, driven by both technological advancements and the growing emphasis on safety and security in commercial operations.


US Commercial Security Market segment

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Commercial Security Market Type Insights


The US Commercial Security Market is witnessing significant advancements in various types of systems, including Intruder Alarms, Software, Access Control, and Surveillance Systems. Each of these types plays a critical role in enhancing security measures across multiple sectors. Intruder Alarms are designed to provide immediate alerts to potential threats, thus significantly reducing response time and mitigating risks to properties. Software solutions are increasingly essential as they help manage security devices efficiently and process vast amounts of data, facilitating real-time decision-making. Access Control systems ensure that only authorized personnel are permitted entry to sensitive areas, thereby preventing unauthorized access and enhancing overall security protocols. Surveillance Systems are pivotal in maintaining situational awareness and monitoring premises, acting as a deterrent against criminal activities. The collective growth of these segments in the US Commercial Security Market indicates a robust demand for comprehensive security solutions that not only protect assets but also enable organizations to comply with regulatory standards and improve operational efficiencies. The convergence of technology within these types is also driving innovations such as smart security solutions, which are tailored to meet the unique needs of commercial enterprises. Overall, the diverse segmentation reflects the complexity of security challenges faced by businesses in the US today, underscoring the vital importance of each type in creating a secure environment.


Commercial Security Market End-users Insights


The End-users segment of the US Commercial Security Market encompasses various industries that increasingly prioritize safety and security solutions. Notably, the Retail sector is significant, leveraging advanced surveillance systems and access control technologies to mitigate theft and enhance customer safety. Concurrently, the Healthcare industry faces unique challenges, necessitating robust security measures to protect sensitive patient information and ensure the safety of both staff and patients. The Banking sector also plays a pivotal role in the market, with stringent regulatory requirements driving the need for comprehensive security systems to safeguard financial transactions and sensitive data. The diverse requirements of these sectors highlight the importance of tailored security solutions, emphasizing the growing demand for innovative and integrated systems. The overarching trends toward digital transformation and increasing cyber threats are prime drivers of growth for these segments, as businesses continuously seek to fortify their security posture against evolving challenges. Overall, the US Commercial Security Market data indicates that the End-users segment is critical for understanding market dynamics and consumer needs, paving the way for significant advancements in security technologies and services.


US Commercial Security Market Key Players and Competitive Insights:


The US Commercial Security Market is a dynamic and rapidly evolving sector characterized by significant competition among various players offering diverse security solutions. As businesses increasingly prioritize the safety and security of their assets, employees, and customers, the demand for advanced surveillance systems, access control, intrusion detection, and monitoring services continues to grow. Key trends in the market include the rapid adoption of cloud-based solutions, integration of artificial intelligence in security systems, and the increasing importance of data analytics for preventing security breaches. Companies are innovating their offerings and technological capabilities to stay competitive, often leveraging partnerships and mergers to enhance their market position. Understanding the competitive landscape in this market requires an analysis of the strengths of key players, their product offerings, market share, and their strategic initiatives. Verkada stands out in the US Commercial Security Market with its comprehensive approach towards modern security solutions. The company specializes in cloud-based video surveillance and offers a robust platform that integrates easy-to-use security cameras with advanced software features. Verkada's strengths lie in its innovative technology, which combines user-friendly interfaces with powerful analytics capabilities. The ability to access live feeds and recorded footage from any device provides a significant advantage to users in managing security risks effectively. Additionally, Verkada's commitment to data privacy, security, and continuous feature enhancements contribute to its strong reputation. The company has carved out a prominent market presence through its focus on scalability and customer service, making it an appealing choice for businesses of various sizes. Hewlett Packard Enterprise plays a notable role in the US Commercial Security Market, primarily through its range of security-focused networking solutions and services. The company is known for its advanced hardware and software solutions that ensure secure networking and data management for organizations. HPE's key products include secure servers, storage solutions, and edge computing technologies that enhance physical and digital security for businesses. The company maintains a strong market presence by focusing on integrated security offerings that resonate with the needs of modern enterprises. HPE continuously evaluates opportunities for growth through strategic mergers and acquisitions, bolstering its portfolio of security products and expanding its reach in the commercial sector. Its ability to deliver reliable and cutting-edge technology, paired with a commitment to innovation, positions Hewlett Packard Enterprise as a significant competitor in the US Commercial Security Market.


Key Companies in the US Commercial Security Market Include:



  • Verkada

  • Hewlett Packard Enterprise

  • Pentagon Technologies

  • Genetec

  • Avigilon

  • Tyco Integrated Security

  • ADT

  • Axis Communications

  • Johnson Controls

  • Mircom Group

  • Dahua Technology

  • Cisco Systems

  • Hikvision

  • Honeywell

  • Bosch Security Systems


US Commercial Security Market Industry Developments


Verkada has recently gained attention as a leader in cloud-based security cameras, enhancing its offerings to meet increasing demand for integrated security solutions in commercial spaces, particularly in education and healthcare sectors. Hewlett Packard Enterprise launched new security software features aimed at enhancing data protection which directly impacts the commercial security market's growth. In October 2023, Johnson Controls announced an acquisition of a regional security services firm, expanding its footprint in the US market. Similarly, Avigilon has been incorporating AI technology into its video analytics, addressing growing concerns for proactive security measures. Axis Communications and Dahua Technology are also investing in advanced surveillance technology to cater to the evolving needs of US enterprises. The commercial security market in the US has seen significant valuation growth, largely attributed to the increased focus on security infrastructure and safety regulations post-pandemic. Between 2020 and 2023, the global pandemic's influence on remote monitoring and access control enhanced the market landscape, compelling companies to innovate and adapt. Notable companies like Honeywell and Bosch Security Systems continue to evolve their solutions, focusing on smart technology integration and user-friendly interfaces to appeal to a broader market segment.


US Commercial Security Market Segmentation Insights


Commercial Security Market Product Outlook



  • Smart Locks

  • Security Cameras

  • Sensors


Commercial Security Market Type Outlook



  • Intruder Alarms

  • Software

  • Access control

  • Surveillance systems


Commercial Security Market End-users Outlook



  • Retail

  • Healthcare

  • Banking

Report Attribute/Metric Source: Details
MARKET SIZE 2018 56.43(USD Billion)
MARKET SIZE 2024 61.45(USD Billion)
MARKET SIZE 2035 170.0(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 9.692% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED Verkada, Hewlett Packard Enterprise, Pentagon Technologies, Genetec, Avigilon, Tyco Integrated Security, ADT, Axis Communications, Johnson Controls, Mircom Group, Dahua Technology, Cisco Systems, Hikvision, Honeywell, Bosch Security Systems
SEGMENTS COVERED Product, Type, End-users
KEY MARKET OPPORTUNITIES Cybersecurity solutions demand surge, Smart building security systems growth, Integration of AI in security, Increased remote monitoring services, Enhanced video surveillance technologies
KEY MARKET DYNAMICS technological advancements, increasing cyber threats, regulatory compliance requirements, demand for integrated solutions, theft prevention and risk management
COUNTRIES COVERED US


Frequently Asked Questions (FAQ) :

The US Commercial Security Market is expected to be valued at 61.45 USD Billion in 2024.

By 2035, the US Commercial Security Market is projected to reach a value of 170.0 USD Billion.

The US Commercial Security Market is anticipated to grow at a CAGR of 9.692% from 2025 to 2035.

The Security Cameras product segment is expected to have the highest market value at 70.0 USD Billion in 2035.

The market value for Smart Locks in the US Commercial Security Market is projected to be 15.0 USD Billion in 2024.

Major players include Verkada, Tyco Integrated Security, ADT, and Hikvision among others.

The market value for Sensors in the US Commercial Security Market is expected to be 59.0 USD Billion by 2035.

Growth drivers include increasing security concerns and advancements in technology.

The current global scenario has heightened focus on security, influencing market growth positively.

The expected value of Security Cameras in 2024 is 25.0 USD Billion.

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