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2024 Security 50 Industry Report:
Optimism Prevails as Security
Returns to Growth Trajectory

The security industry is experiencing a return to normalcy as it recovers from the devastating impact of COVID. The positive sentiment is well reflected in this year’s Security 50 ranking as most companies expressed optimism that growth will last for the next years to come. In this year’s edition, we’ll look at some of the drivers propelling growth, challenges still facing security players, and the latest trends in the Asian, American, and European security markets. Our annual technology reader survey further explores some of the trending technologies based on customer inquiries and future growth potential.

Feature Articles

ZKTeco: Pioneering security through innovation & strategic growth
Balancing growth through sustainability with a multi-brand strategy and “Tech for Good.”
Read here
Security 50 report: Top 10 manufacturers in surveillance and access control
Optimism prevails in the industry as security returns to growth trajectory.
Read here
AI and global expansion: IDIS's vision for a safer world
IDIS advances security with AI innovations, delivering reliable solutions worldwide.
Read here

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Global Market Review & Forecast

Video Surveillance Market

The video surveillance market is driven by AI analytics, cloud solutions, and smart city initiatives. In Asia, demand for intelligent systems grows in retail and healthcare, enhancing efficiency. Europe prioritizes regulatory compliance and data privacy with sustainable solutions. In America, integration with IoT technologies boosts security and efficiency, especially in retail and urban settings.

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Access Control Market

The market is advancing with biometrics and mobile solutions. In Asia, facial recognition and contactless tech are rising, driven by government support and data privacy. Europe emphasizes GDPR compliance and interoperability, with cloud-based systems and mobile credentials. In America, integrated solutions that combine access control with other measures meet demand for seamless security and compliance.

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Security Technology Maturity and Suitability Index

Market Research & Commentary

About Security 50

a&s Security 50 is our annual ranking of the 50 largest physical security equipment manufacturers in the world. One of the most-read and long-running industry ranking, a&s Security 50 recognizes both global leaders and new market entrants, analyzing data listed in public or submitted financial reports for the 2023 fiscal year.

The ranking aims to reflect the dynamism and developments of the industry as it navigates an ever-changing business and technology landscape. We aim to present a snapshot of the industry and facilitate discussion on industry strategies, corporate management, R&D, business development and other important topics.

a&s Security 50 eligibility criteria:

  • Electronic security equipment and software systems providers, including video surveillance, access control, intrusion detection, key component, and multiple product segments.
  • Security companies or pure manufacturers with their own products, systems, brands or solutions.
  • Distribution, systems integration, reselling, dealing, installation, guard service providers, information security, fire safety companies and other related revenues are excluded.
  • Ability to provide FY2023 and FY2024 financial statements, audited/endorsed by certified accountant or accounting firm.
  • Publicly-listed domestic or multinational companies as well as a small portion of privately-owned companies willing to share their certified annual reports. Their qualification will be carefully verified by the a&s editorial team, in terms of their brand awareness and market share.

Notes to the Financial Figures:

a&s bears no responsibility for the financial information provided by any individual company. For fair comparisons, non-US currencies were converted using midmarket exchange rates from yearly average currency exchange rates announced by Internal Revenue Service (IRS), the US tax collection agency and administers the Internal Revenue Code enacted by Congress. This is an unbiased list based on the willingness of participants to share their sales performance.
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