Major changes forecasted for video surveillance manufacturers – SecurityInfoWatch

As anyone who closely follows the security industry can attest, video surveillance manufacturers have been impacted by a variety of changing market dynamics in recent years, including increased competition from Asian-based suppliers as well as the growing commoditization of hardware and a need to develop products that will meet the needs of tomorrow’s Smart Cities.  According to our new annual report, The Physical Security Business 2016 to 2021: Access Control, Intruder Alarms & Video Surveillance, the total value of physical security products at factory gate prices is expected to grow at a compound annual growth rate (CAGR) of 5.65 percent over the five years to over $37 billion in 2021. Over the last five years, the total market has grown at a CAGR of 8.2 percent, but there has been a significant fall in growth over the past two years as the developed markets of North America and Europe have continued to lose market share to Asia and China, in particular. (read more)

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