Market Size And Forecast: Building Security Technology 2022-2028 (Global)
Sandy Rogers
Access this research
Access all Building Digital Platforms & Operational Tech content with a strategic subscription or buy this single report
Need help or have a question about this report? Contact us for assistance
Executive Summary
The need to protect properties and their occupants continues unabated. This report helps security and facilities operations technology suppliers, professionals and investors understand the current state and size of three global physical security technology markets – access management, surveillance and centralized security management – and the trends and drivers that will shape the market into 2028. The Verdantix market size and forecast model factors an analysis of macro-economic and industry drivers, disclosed and calculated supplier revenue figures, and customer insights from primary and secondary research. Combined, Verdantix valued these three markets at $36 billion at the close of 2022, and forecasts them to grow at an aggregate CAGR of 9.3%, reaching $60 billion by 2028. A sizing and forecast for each functional market by geographic region are provided, along with a size breakdown by building asset categories, and software versus equipment revenues.Security is a vast and mature market, yet continuously evolving
Access, surveillance and centralized security management software and equipment sales amounted to $36 billion globally in 2022
Technical innovations are helping to spawn a wave of security technology upgrades
Economic factors impact regional spend across functional security markets
Shifting industry and building asset category dynamics are broadening opportunities in the security technology market
Physical security technology value propositions continue to rise
Access, surveillance and centralized security management markets combined will reach $60 billion by 2028
The world of physical security will increasingly emphasize themes of convergence
Figure 2. Security market size and forecast model: geographic composition
Figure 3. Building asset category definitions
Figure 4. Verdantix market size and forecast methodology
Figure 5. Security technology spending by primary functional market and region, 2022
Figure 6a. Percentage spend by primary security market and building type, 2022
Figure 6b. Percentage spend by primary security market and building type, 2022
Figure 6c. Percentage spend by primary security market and building type, 2022
Figure 7. Global security technology forecast by primary functional market, 2022-2028
Figure 8. Access management technology by region, 2022-2028
Figure 9. Surveillance technology by region, 2022-2028
Figure 10. Centralized security management by region, 2022-2028
Figure 11. Composition of the primary market: software and equipment, 2022 and 2028
About the Authors
Sandy Rogers
Principal Analyst
Sandy is a Principal Analyst in the Verdantix Smart Buildings practice. Her current research agenda focuses on the intersection of IT and OT digital strategies and technologie...
Claire Stephens
Research Director
Claire Stephens is a Research Director at Verdantix, leading research into technologies and services shaping the real estate and the built environment, encompassing ...
View ProfileOther related content
.jpg?sfvrsn=28da3d4e_1)
How many times have you gotten lost in a hospital? Probably a lot… Now what if there was a perfect virtual replica of that hospital that you could use to navigate the site – and al...
26 August, 2025
Digital Platforms For Retail is a series exploring how digital systems are reshaping physical retail environments. Each instalment looks at a different sector to understand where d...
22 August, 2025
Our research shows that field service leaders face three critical roadblocks to a superior customer experience: inefficient legacy systems, data silos, and insufficient technolo...
Upcoming / 30 September, 2025
As attention shifts away from net zero target setting to asset level decarbonization, many firms are discovering critical disconnect between their energy management efforts and cor...
Upcoming / 24 September, 2025
As real estate and facilities teams rethink their tech stacks for a decarbonized, digitized future, AI is taking centre stage. This webinar explores how leading firms are applying ...
Upcoming / 25 September, 2025
Confused by the crowded construction tech landscape? This webinar breaks down key insights from the first-ever Green Quadrant for Construction Management Software. Discover how lea...
20 August, 2025