The analysts highlight other key factors in this market including technological advancements such as AI-based video analytics, cloud access control, and IoT-enabled devices. Additionally, stringent regulations and the push for smart cities create significant opportunities for networked security solutions.

The researchers recognise Honeywell International and Bosch Sicherheitssyteme GmbH as the top two clear leaders in the sector. These companies are focusing on specific segments within the sector and are streamlining their strategies to grow in their target areas through reorganisation, acquisitions and divestments. 

For instance in Q1 2024, Honeywell reorganised its business, creating two new divisions: Industrial Automation and Energy and Sustainability Solutions, which include units from the former segments. The new names for the segments are Aerospace Technologies and Building Automation, which offer advanced control software solutions, energy management tools, access control systems, video monitoring solutions, fire products, and related services.

And, in June 2024, Honeywell International Inc. (US) acquired Carrier’s Global Access Solutions business. The acquisition will help Honeywell to position itself as a leading provider of digital-age security solutions, with growth opportunities in cloud-based services, and support its focus on megatrends such as automation.

Whilst, in December 2024, Robert Bosch (Bosch Sicherheitssysteme GmbH) sold its security and communications technology business to Triton, transferring 4,300 employees from over 90 locations. This move aligns with Bosch Building Technologies' focus on systems integration and emphasises building security, energy efficiency, and automation for future growth.

Market ranking

The commercial security system market is competitive, and according to Marketsandmarkets the top five players are Honeywell International Inc., Bosch Sicherheitssysteme GmbH, NEC Corporation, Johnson Controls, and Thales. These companies are cited to collectively hold around 21–32% of the total market share and maintain their leadership in the security market through global reach and advanced expertise.  Honeywell and Bosch 

Honeywell offers integrated security solutions for large-scale infrastructure, while Bosch specialises in intelligent video surveillance and access control for SMEs and enterprises. NEC Corporation focuses on biometric access and facial recognition for high-security areas, and Johnson Controls provides comprehensive building security with integrated systems. Thales enhances physical security with cyber security technologies for critical sectors. They are consolidating their positions through strategic acquisitions and investments in AI, driving demand for smart, integrated security solutions. Their focus on cloud platforms and IoT devices is shaping the future of the commercial security market.

Major players

Other major players in the commercial security system market, and also with a significant global presence are named by the researchers as Axis Communications AB, Assa Abloy, Idemia, Teledyne Technologies Incorporated, Identiv, Inc., Nedap N.V., Suprema Inc., Hangzhou Hikvision Digital Technology Co., Ltd, Dahua Technology Co., Ltd., Hanwha Vision Co., Ltd., Dormakaba Group, Allegion Plc, Fujitsu, Zebra Technologies Corp., Avery Dennison Corporation, HID Global Corporation, and Datalogic S.p.A. among several others.

These market players have adopted various strategies, such as developing advanced products, partnerships, contracts, expansions, and acquisitions, to strengthen their position in the commercial security system market. The organic and inorganic strategies have helped the market players expand globally by providing advanced commercial security system solutions.