According to Cognitive Market Research, the global Building Security Systems market size will be USD 12514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 15.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 5005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3754.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2878.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 625.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 250.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.9% from 2024 to 2031.
The healthcare vertical is the fastest-growing category in the building security systems market, owing to the increasing need for patient safety, asset protection, and regulatory compliance
