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 […]