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 […]