Physical Security Industry

Memoori’s 12th annual world report on the Physical Security Business estimates that the total value of Physical Security products at factory gate prices in 2020 was $31.7Bn, a decline of over 7% on 2019. Sales declined over all 4 quarters as a result of the COVID-19 pandemic. This has ended eleven consecutive years of growth […]

“Open” is not a term generally used to describe improvements in security but in this age of highly connected buildings, access control stands increasingly alone with it’s siloed and proprietary technology. Open access control is not particularly new, it has been over six years since Axis introduced its open Network Door Controllers, but they and […]

It’s a strange time for physical security in commercial real estate. After protecting empty commercial buildings for the last few months, the physical security industry now faces new challenges for the long-awaited return to the office. Maintaining a secure environment for assets and occupants while limiting security personnel to reduce the overall number of people […]

Within the last six months across the developed world, the tectronic plates of business have shifted fast. Caused in large part by the need to overcome the COVID19 pandemic through changes in people behavior. The world has entered into uncharted waters and a deep recession. The good news is that these changes have given the […]

We has charted the fortunes of the worlds physical security business over the last 12 years. Despite cycles of poor world trading conditions and slow economic growth it has delivered a compound annual growth rare (CAGR) of 6.6%; reaching 8% in its peak year of 2019. Then along came COVID-19. GDP has drastically reduced and […]

The use of body worn cameras has been an ongoing topic of discussion in global law enforcement since at least the mid-2000’s. Whilst adoption of the technology has been mixed since then, in this article we examine the market potential and evidence for and against their use. The introduction of body worn cameras is intended […]

Our world annual report on the Physical Security business has charted M&A activity since 2008. Over the last few months we have published a few articles analysing the various outcomes that COVID-19 has caused the business during the first quarter of 2020. In particular we have looked at areas of the business that by 2021 […]

When we published our 2019 World Report on Physical Security at the end of last year, we forecasted an annual growth rate of 15% from 2020 to 2024 for both Access Control as a Service (ACaaS) and Video Surveillance as a Service (VSaaS). But by the middle of April 2020, the COVID-19 pandemic has caused […]