Highlights from Securing New Ground

Memoori Research

Memoori Research conducted its 5th annual assessment of the global physical security equipment industry. Among those findings were:

The value of global production (factory gate prices) was US$23.4 billion. Surveillance products account more more than half of that (52 per cent). Access control was measured at 22 per cent of the market and intruder alarms at 26 per cent.

When the firm compared its data with 2008 numbers, it noted that the world market has grown approximately 4.5 per cent (CAGR) “which is remarkable given the poor economic trading conditions that have prevailed for much of this time.” The company forecasts a CAGR of eight per cent over the next five years (2013-2017) which it said “could be considered rather optimistic . . . but we had an unprecedented traumatic five-year period from the end of 2007.”

IHS Research

IHS predicts the world market for video surveillance equipment was estimated to be worth in excess of US$12.6 billion in 2012. The company forecasts growth of 12.8 per cent CAGR to more than US$23.1 billion in 2017.

IHS predicts that further consolidation in the video surveillance market will be “a gradual process.” The last five years of market data suggest that the top 15 companies in video surveillance space account for approximately 40 per cent. Two factors that could spur the growth of market consolidation are: greater adoption of industry standards; and the possibility that one large merger could precipitate future acquisitions.

IHS states that the Access Control as a Service (ACaaS) market is expanding as industry players (end users, integrators and monitoring companies) become increasingly aware of the technology’s benefits. IHS estimates that the combined North American and European market for ACaaS was worth more than US$150 million in 2012.