Global Market for Security Products Worth USD 23.4 Billion in 2013

The total value of world production of Security Products at factory prices was $23.4 billion in 2013; predicts Memoori, who have just published a new definitive report for security...

Comparison of Physical Security penetration by major regions
Comparison of Physical Security penetration by major regions

The total value of world production of Security Products at factory prices was $23.4 billion in 2013; predicts Memoori, who have just published a new definitive report for security market research & investment analysis.

Memoori are forecasting a Growth Rate of 8% over the next 5 year period with the market reaching $32.2 billion by 2017. The 2 major drivers have been a 12% aggregate growth in video surveillance and higher levels of demand in Asia, which has increased its share to over 39% for all physical security systems. Growth has been much more modest in North America and Western Europe; currently the developed markets of Europe, Scandinavia and North America take some 47% of the value of the business, 2% down on last year.

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