Security

The State of the Physical Security Market in 2016

Memoori’s 2016 Annual report shows that the total value of world production of Physical Security products at factory gate prices was $28.44 billion an increase of 4.5% on 2015. Over the last 5 years the market has grown by a compound annual growth rate of 8.2% showing a significant fall in growth over the last two years. Of this total sum Video Surveillance products at $14.98 billion take a share of 53%, access control at $6.837 billion takes a 24% share and intruder alarms at $6.619 billion has a 23% share. In 2016 growth in video surveillance products achieving 4.2%, access control 10% and intruder alarms 3.6%. Growth in the Video Surveillance market has fallen for the second consecutive year and now is less half the CAGR it achieved in the previous three years. Access Control has maintained its growth of around 10% this year as it further penetrates the IP Network business and moves […]

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