Structure of the Security Industry is Changing; Middle Market Players Rapidly Increase their Share of Products Market

New Memoori Research on the Security Industry shows that in 2013 demand continues to grow as its structure strengthens and becomes more effective - The total value of world production of security products at factory gate prices in 2013 was $23.4 billion. Of this Video Surveillance products at $12.26 billion took a share of 52%; Access Control at $5.11 billion took a 22% share and Intruder Alarms at $6 billion has a 26% share. The developed markets of North America and Europe are losing market share to Asia and particularly China, which will be the largest single market by the end of this decade. In 2013, combined product sales grew by 8% with growth in the Video Surveillance sector achieving 12%, access control 9% and intruder alarms 2%. It is the growth in IP Network video surveillance at around 30% that has made the major contribution and pushed up the demand for physical security […]

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