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
Quick service restaurants, including fast food, fast casual and grab-and-go chains, are all about eliminating friction. Customers expect speed and convenience at every turn: tap, p...
12 November, 2025
Organizations are under growing pressure to boost asset performance and project outcomes through tighter data integration and smarter building controls. Digital twins are shifting ...
09 December, 2025
As the initial hype around enterprise AI gives way to practical realities, organizations are adopting a more measured and value-driven approach to AI investments. But for those tas...
03 December, 2025
The Sustainable Finance & Investing Forum on November 3-4, 2025 will take place alongside the Greenbuild International Conference + Expo at the Los Angeles Convention Center. Thi...
03 November, 2025
When OpenAI announced plans to deploy six gigawatts of AMD chips, the market focused on semiconductors. In truth, this is an energy and infrastructure story. The power required for...
13 October, 2025
Suburban teens, food court enthusiasts and shopaholics rejoice! Malls are back – and better than ever. Once dismissed as outdated relics of the past, they’ve undergone a full 180-d...
02 October, 2025