What is the Value of the Global Security Services Market, by Constituent Parts?

In 20201, the global “security services market” was valued at approximately $273 billion, according to research by MarketsandMarkets. (Source: ChatGPT enquiry). 

The Business Research Company reports that the global “investigation and security services market” grew from $352.36 billion in 2022 to $383.61 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. (Source: Google Search Enquiry).

The market comprises various segments, including:

1. Security Systems Integration Services: This includes the integration of various security systems such as access control systems, video surveillance, and intrusion detection systems. It is the largest segment of the market, with a value of around $83 billion USD.
2. Managed Security Services: This includes services such as threat intelligence, security information and event management (SIEM), and managed detection and response (MDR). The segment is valued at around $46 billion USD.
3. Security Consulting Services: This includes advisory services related to security strategy, risk management, and compliance. The segment is valued at around $34 billion USD.
4. Professional Security Services: This includes services such as security assessment, penetration testing, and incident response. The segment is valued at around $31 billion USD.
5. Support and Maintenance Services: This includes services related to maintenance and support of security systems, including hardware and software maintenance. The segment is valued at around $24 billion USD.
6. Training and Education Services: This includes services related to security awareness training, security certification, and security education. The segment is valued at around $23 billion USD.

It’s worth noting that the exact breakdown of the market can vary depending on the source, and the market is constantly evolving as new technologies and threats emerge.

The above searches appear to relate exclusively to the infosec market, excluding physical security, with the provision of adjacent services such as C-UAV, C-IED, Remote Medical Support, Close Protection Services, and more.

A request for physical security services prompted the following response:

Approximate value of $108 billion USD

1. Access Control Systems: This includes systems that regulate and monitor entry to physical spaces such as buildings or rooms. It is the largest segment of the market, with a value of around $32 billion USD.
2. Video Surveillance Systems: This includes systems that capture and monitor video footage of physical spaces for security purposes. The segment is valued at around $27 billion USD.
3. Physical Security Information Management (PSIM) Systems: This includes software that integrates data from various physical security systems, allowing for better analysis and response to security events. The segment is valued at around $17 billion USD.
4. Perimeter Intrusion Detection Systems (PIDS): This includes systems that detect and alert to unauthorized entry attempts around the perimeter of a physical space. The segment is valued at around $12 billion USD.
5. Screening and Scanning Systems: This includes systems that screen and scan individuals or items for threats such as weapons or explosives. The segment is valued at around $9 billion USD.
6. Security Systems Integration Services: This includes the integration of various physical security systems such as access control, video surveillance, and intrusion detection systems. The segment is valued at around $7 billion USD.

Whilst “physical” as distinct from infosec, the constituent parts are still all highly technically focused around access, authentication and authorisation controls.