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How big is the security market?
Time:2012-5-3 15:04:23

We are often asked to assess the size of the security market. This is a difficult question to answer, as estimates will vary depending on the source, what is included, when and how the data was collected. Still, here are some elements that we have gathered from various sources in the security industry:

  • The overall enterprise IT security market topped $20bn in 2004.
  • The Secure Content Management market, which includes anti-virus, web filtering and messaging security, was over $7 billion in 2006.
  • The worldwide security compliance and control market was valued at approximately $6 billion in 2005 and is forecasted to grow to $15 billion in 2010.
  • IT Security Risk Management (IT SRM) is expected to grow from $328 million in 2005 to $500 million in 2007.
  • IP and networked video surveillance grew nearly 50 per cent in 2007 to approach $500m worldwide.
  • Worldwide security hardware revenue is expected to increase from $6 billion in 2005 to $13.6 billion in 2010.
  • The biometrics market is approximately worth $2bn in 2006 and is projected to be worth $3.5bn by 2008 and $6bn by 2010. Voice verification biometrics is worth over $100 million.
  • The value of counterfeit and pirated items seized was $8bn in 2005.
  • In 2005, the costs and damages caused by identity theft reached $56.6 billion.
  • Sport security is a US$ 6 billion industry.
  • Homeland security: Since 11 September 2001, the U.S. Department of Homeland Security and its agencies have paid private contractors in excess of $130 billion. Depending on sources, the U.S. Homeland security market is estimated to be between $75 and $100 billion.
  • 3.6 million US citizens were victims of phishing scams in 2007 resulting in $3.2 billion being lost
  • The market for Managed File Transfer suites and services is $450 million and is growing at a rate of 21 percent to 26 percent year over year
  • Passwords: 36 per cent of users have between six and 15 passwords to remember; a further 18 per cent have more than 15 unique identifiers to memorise. 25 to 35 per cent of calls made to IT helpdesks are password related at an estimated cost of around £15 - £20 a call
  • 75% of security breaches are due to flaws in software.
  • The median online fraud is $195. For offline fraud, the average consumer fraud cost is $422.
  • Global retail theft reached $114.8 billion in 2009, representing a significant increase of 5.9% over 2008's total of $104.5 billion.
  • The number of shoplifters and employee thieves apprehended by retailers amounted in 2009 to 5.8 million - an increase of 500,000 compared to the previous year. Of those apprehended, 85.6% were shoplifters and 14.4% employees. The average amount stolen or admitted by shoplifters was $225.90 ($436.24 in North America). The average employee theft was $1,889.02 in North America compared to $2,535.52 in Europe.
  • Loss prevention spending in 2009 was equivalent to an average of 0.31% of retail sales.
  • The residential security market in Europe generated revenue of 1.6 billion euros with a growth rate of 3.3% over the previous year. It is estimated that the market will grow up to approximately 2 billion euros by 2012.
  • The Russian security market in 2008 exceeded $17bn. In 2006-2008, the Russian market for electronic physical security equipment (EPS) grew 20% p.a.
  • The UK security market is worth £6bn. The British security industry employs around 600,000 people.
  • 2,000 companies specialise in the design, manufacture and supply of security equipment in the UK.
  • The UK security guarding sector is made up of 2,500 companies, employing between them over 125,000 security officers. The security guarding sector makes up over a third of the entire security market.
  • £1.2bn worth of property is stolen every year in the UK.
  • Total cost of crime in the UK 2005: £2.1bn. Total cost of crime since 2000: £13.39bn
  • Total losses from shoplifting in the UK in 2005: £767m. Average cost per shoplifting incident: £149
  • More than 100,000 people are affected by identity theft in the UK each year. Identity theft typically takes victims 14 months to clear their name and costs the economy over £1.3bn annually.
  • Burglary accounts for 14% of recorded crime.
  • 37% of victims are unsure how they had become victims of credit card fraud and a further 19% attributed credit card account breaches to retailers, government agencies or third parties
  • There are an estimated 4.25 million CCTV cameras installed in the UK.
  • In the UK, retail crime costs on average £2.24bn every year: £1.52bn in losses and £0.72bn in prevention. Losses breakdown:
    - external theft: £930m
    - internal theft: £786m
    - violence: £263m
    - fraud: £107m
    - burglary: £88m
    - damage: £36m
    - till snatch: £18m
    - forecourt crime: £7m
 
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