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How big is the security market? 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, is over $7 billion in 2006. · The worldwide security compliance and control market was #118alued 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. · 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 #118alue of counterfeit and pirated items seized was $8bn in 2005. · In 2005, the costs and damages caused by identity theft reached $56.6 billion. · 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. · 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. · There are an estimated 4.25 million CCTV cameras installed in the UK. |
