Security

The Security Industry Promises Sustained Growth to 2020 but Major Differences Exist Across Sectors & Regions

Memoori’s new 2015 annual report on Physical Security shows that despite all the global economic uncertainty of the last 8 years the industry has grown at a CAGR of 7.82% since 2010. Our estimated total value of world production of Physical Security products at factory gate prices in 2015 was $27.2 billion. We forecast that growth in total security equipment sales will edge up by 8% in 2016 and over the next 5 years to 2020 will reach almost $42 billion. Despite sustained high rates of growth in Video Surveillance in China, we estimate world growth at 8.9% marginally lower than 2014. This decline in growth coincides with a significant number of suppliers from developed regions of the world having their profitability and share of the market decline. Our analysis of the structure of the business shows that there are too many companies of insufficient size to invest in this fast moving innovative sector of […]

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