Security

The Critical Factors That Will Deliver Physical Security Growth to 2025

In this article we discuss the 6 most important factors that will shape the future of the Physical Security industry through the next 5 years, which will require fundamental changes to business strategies. 1. The gap between the major suppliers of Video Surveillance equipment and the many hundreds of smaller suppliers gets wider every year and this is rapidly increasing the minimum economic size to operate profitably. China is now effectively a closed market for non-Chinese products, which accounts for at least 40% of the world’s consumption and the large majority of this is shared by just 2 Chinese companies. These companies previously initiated “the race to the bottom” which has caused significant harm to the hundreds of small and medium sized companies across the world. We have now reached the stage where the Video Surveillance business requires a strategy that either focuses on volume through the SMB (Small / Medium Size Business) market or […]

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