South Korea Security Market Overview
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 7.79% (2025-2033)
South Korea's security industry is thriving, driven by advanced cybersecurity solutions and robust demand for protection. The market is poised for dynamic growth, fueled by innovation and supportive digital policies. According to the latest report by IMARC Group, The south korea security market size is expected to grow at a compound annual growth rate (CAGR) of 7.79% from 2025 to 2033.
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South Korea Security Industry Trends and Drivers:
The security market in South Korea is thriving, driven by a growing cyber threat landscape and some increased demand for physical security and digital protection solutions, with a market of over $4 billion USD as a segment by 2024 is tied to rapid digitalization across ""every"" industry. The cybersecurity segment of the security market, driven primarily by companies like SK Infosec and AhnLab is significantly growing based on the rising sophistication of attacks as cyber threats specifically ransomware were 78 ransomware attacks as of January 2021. Adding to this, Government funding such as the Digital New Deal intends to have improved cybersecurity features for national infrastructure and smart city security solutions. The physical security side of the market, the video surveillance and access control segments continue to grow as development is occurring at urban scales and events are happening as global conference.
As Artificial Intelligence, Internet of Things (IoT) and 5G converge we expect them to further the quality and speed of identifying threats and responding to threats, starting in the Banking, Financial Services, and Insurance (BFSI) sector and public sector entities. To be blunt, South Korea's Information and Communication Technology (ICT) sector, contributing 10.8% of GDP in 2019, fuels demand for integrated solutions security solutions. e-commerce is also booming in South Korea, with $144.7 Billion in e-commerce transactions in 2020 and subsequently increasing data center security demand. Market consolidation will continue, due to competitive threats, coupled with larger globally competitive companies like Palo Alto Networks increasing technology investment and competition, driving more innovation into the security/cyber security sector. Effective regulatory environments in the Industrial Security Industry regulated by bodies such as the Personal Information Protection Act (PIPA) which not only give greater abilities to customers and vendors in their due diligence with regards to personal and private data but also lend trust to the security environment. In summary, South Korea's security market is set to continue to grow due to the converged challenges of technology and policy development while continuing to face challenges from emerging threats.
South Korea Security Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest south korea security market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
The report has segmented the market into the following categories:
Component Insights:
- System
- Access Control System
- Alarm and notification system
- Intrusion Detection System
- Video surveillance system
- barrier system
- service
- System Integration and Consulting
- Risk Assessment and Analysis
- Managed Services
- Maintenance and Support
End User Insights:
- government
- Military and Defense
- Transportation
- Commercial
- Industrial
Country Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the south korea security industry.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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