What is the market size for security technologies worldwide?

February 26 2010 | 0 comment(s)

Following up on last year's GSC blog article on how large the global market for security products is, here are a few new figures from 2010:

• £150 billion GBP, as estimated by Goldman Sachs and quoted by the UK government agency, UKTI in its latest SPRINGBOARD Magazine: "The global market for security products and services is now estimated to be worth up to £150 billion, according to recent figures from Goldman Sachs.” (UKTI Springboard Magazine, Winter 2010 issue)

• $141.6 billion USD for governmental spending on homeland security products and services worldwide, as estimated by the research firm Visiongain.  Their estimate leaves out the security spending by private sector organisations though.  However, if we assume that the ratio between governmental and private spending has been stable of the past few years, we could use the same ratio that Civitas Group calculated in its respected 2006 report “The Homeland Security Market” (which showed private sector security spending to be 42% of government spending worldwide).  Using this ratio and Visiongain's forecast, brings the estimated total size of the global security market to about $200 billion Dollars.

Previous articles