Security

2017 Delivered Growth in the Physical Security Industry but Major Challenges Lie Ahead

Our 2017 Annual Report shows that the total value of Physical Security products at factory gate prices in 2017 was $29.2Bn, an increase of approximately 5% on 2016. This is a decline in growth from its peak in 2014 but an increase on the last 2 years. Over the last 8 years the market has grown by a Compound Annual Growth Rate (CAGR) of 6.41% and we forecast the market will reach $41.27Bn in 2022 at a CAGR of 7.2%. Of the 3, still largely independent businesses, Access Control has maintained its average growth of approximately 7% over the last three years, and takes a share of 23.5%. The drivers that have delivered this growth are increased penetration of IP Network systems, further advances into biometric readers, identity management and wireless locking systems. This is the second consecutive year that it has turned in the highest rate of growth of the 3 businesses. However there […]

Stay ahead of the pack

with the latest independent smart building research and thought leadership.

Have an account? Login

Subscribe Now for just $180 USD per year per user ( just $15 USD per month) for Access to Quality Independent Smart Building Analysis!

What Exactly Do you Get?

  • Read every article published in full and get unlimited access to our archive of over 1,400 articles.
  • 10% discount on ALL Memoori Research reports for Subscribers! So if you only buy ONE report you will get your subscription fee back!
  • Industry-leading Analysis Every Week, Direct to your Inbox.
  • AND Cancel at any time
Subscribe Now

Most Popular Articles

Complimentary Article
Security

#Podcast 16: We Need to Talk About Cyber Security Insurance!

In our Podcast series “Sh*t You Wish Your Building Did!”, Memoori explores the intersection between technology and commercial real estate through interesting conversations. We need to talk about Cyber Security for Commercial Buildings! Why? Because a growing number of insurers are excluding cyber events from their policies and many building owners could be self-insuring but don’t […]

Mapping the strategy of Allegion in the Smart Building and PropTech Space
Security

Mapping the Strategic Direction of Allegion in the Smart Building & PropTech Space

Spun off from Ingersoll Rand in 2013, Allegion (NYSE: ALLE) has become an established player in the physical security industry for commercial and residential building markets around the world. In this research note, we map the key acquisitions, partnerships, and investments made by Allegion in the past six years to reveal the firm’s strategic priorities […]

Daikin Investments Partnerships Startups
Smart Buildings

Daikin Collaborates with Startups in the Smart Buildings Space

Headquartered in Tokyo, Japan, Daikin Industries Ltd, is the global No. 1 air conditioning manufacturer, with over 88,000 employees, 100 production sites, and more than $27 billion (3.1 trillion Japanese yen) in sales across the 170 countries in which it operates. Through joint development with partner companies that include customers and startups, the company is […]

Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.

    1. Please enter a valid email

    2. Please enter your name

      Please enter company name

    3. By signing up you agree to our privacy policy