The Internet of Things Ensures Continuity of Growth & Stability in the Physical Security Business

This year the world’s Physical Security Industry (Access Control / Video Surveillance / Intruder Alarms) has completed 5 years of continuous growth, coming out of the economic tsunami of 2008 it’s now structurally and financially stronger. Going forward, it will play a major role in the Internet of Things (IoT). Security is synonymous with all the top 5 revenue opportunities of the IoT - Home, Transport, Health, Buildings and Cities. In all of these sectors IP Network Cameras will become the "Swiss Army Knife of Sensors" as it will play a key role in not just hardware but also in managed services. Memoori’s new research report, published next week, estimates the total value of world production of Physical Security products at factory gate prices in 2014 at $25.28 billion a growth of 7.5% over the previous year. Of this Video Surveillance products at $13.48 billion take a share of 53.4%, access control at $5.62 billion […]

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