Security

2018 Delivered Improved Growth in Security & Strengthened Foundations

Our new 2018 annual report on the Physical Security Business shows that the total value of world production of Physical Security products at factory gate prices in 2018 was $31.55Bn, an increase of 7.% on 2017. This is a solid improvement in performance for over the last 10 years the market has grown by a compound annual growth rate of 5.92%. However we forecast that the market will reach $51.38Bn by 2023 at a CAGR of 10.25% thanks to a CAGR of 13.4% in the word sales of video surveillance equipment. This sharp rise in growth is the result of a slow down in price competition and the growth of AI video Analytics; potentially accelerating to $2.3Bn by 2022 from a minuscule size today and further pulling demand for more video surveillance hardware. This year Video Surveillance had the highest rate of growth at around 8.7% a significant increase on 2017, despite the fact that […]

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