Security

The Global Market for Security Products is worth $27.25Bn in 2015

We have published a New Report on Access Control, Intruder Alarms & Video Surveillance in 2015, forecasting to 2020; which brings together all the factors that are influencing this industries future. The total world production value of security products at factory gate prices was $27.25 billion in 2015. Of this Video Surveillance products at $14.68 billion took a share of 54%, Access Control at $6.13 billion took a 22.5% share and Intruder Alarms at $6.4 billion had a 23.5% share. We are forecasting that growth in total security equipment sales will edge up to 8% in 2016 and will reach $42 billion by 2020. The Access Control market has maintained its growth of 10% in 2015 and Memoori expects steady progress going forward with little competition from Chinese products currently on the horizon. Continued strong growth in China should concern Western manufacturers of Video Surveillance products because they have failed to penetrate and establish a […]

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