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Access Control & Video Surveillance Drive the Physical Security Market Forward in 2014
The total world production value of security products at factory gate prices was $25.28 billion in 2014. Of this video surveillance products at $13.48 billion took a share of 53%, access control at $5.62 billion took a 23% share & intruder alarms at $6.18 billion had a 24% share.
At 239 pages with 27 charts & tables & ONLY $999, "The Physical Security Business 2014 to 2018; Access Control, Intruder Alarm & Video Surveillance" report filters out all the important conclusions, supported by facts, to demonstrate what is shaping the future of the security industry. You can learn more at the reports website;
In 2014 the combined product sales grew by 7.5% with growth in the video surveillance sector achieving 9.9%. Growth in the sales of Access Control has increased to 10% as it moves into IP Network systems & biometric & identity management systems; it could become the number one growth market in 2015.
The game changer in the Physical Security Industry is still IP, not just across Video Surveillance but now into Access Control & Intruder Alarms. The Physical Security industry is moving fast to an all IP driven business, which so far has vastly improved and extended the value propositions for its customers.
A major change in the geographic
distribution of sales is taking place with Asia, specifically China,
delivering the highest rate of growth and increasing its market share.
Leading edge manufacturers of the West are failing to get their share
of this business, which is dominated by Chinese manufacturers. 2 of the
world’s largest manufacturers of Video Surveillance products are now
Chinese and they have within the last 2 years established a significant
presence in Western markets.
Memoori is an independent market research and consultancy provider; focused on Smart Buildings. Our business intelligence and advice helps technology companies and investors create sound strategies for future success. For more information, visit http://memoori.com OR http://www.memoori.com/portfolio/physical-security-business-2014-2018-access-control-intruder-alarms-video-surveillance/
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