New Report on Physical Security Business 2015 to 2020

The researchers of "Memoori" recently published a report about the worldwide security market (price: about 1,000 US-Dollar). This Report displays tendencies of the security market and therefore linking topics like: Access Control, Intruder Alarms & Video Surveillance Market Research & Investment Analysis.

Here are some insights:

2015 and Forecasts
The total world production value of security products at factory gate prices was $27.25 billion in 2015. Of this Video Surveillance products at $14.68 billion took a share of 54%, Access Control at $6.13 billion took a 22.5% share and Intruder Alarms at $6.4 billion had a 23.5% share. The report forecasts that growth in total security equipment sales will edge up to 8% in 2016 and will reach $42 billion by 2020. The Access Control market has maintained its growth of 10% in 2015 and we expect steady progress going forward with little competition from Chinese products currently on the horizon.

Chinese Market
Continued strong growth in China should concern Western manufacturers of Video Surveillance products because they have failed to penetrate and establish a solid business in this market; which is now the largest single market for Video Surveillance equipment. In addition 2 local manufacturers now have sales of more than $3 billion between them and have the kind of scale that will allow them to reduce prices to levels most western manufacturers can’t compete with.

The Internet of Things
Towards the end of the decade it is expected that the Internet of Things in Buildings (BIoT) will kick in providing further growth. Integration across all 3 sectors of the industry has proved to be a cost effective proposition but not the ideal solution. BIoT should make convergence with the Business Enterprise and integration with other Building Automation Services a practical proposition.

Within its 252 pages and 26 charts and tables, the report sieves out all the key facts ans draws conclusions about them.