Security

Western Video Surveillance Manufacturers Need New Strategies to Compete with the Chinese

One of the main findings in Memoori’s New Annual Report on the Physical Security Industry shows that business models need to be constantly fine tuned, in order to meet the needs of all stakeholders in the supply chain. The two major disruptive factors that bring about the need for change is the introduction of emerging technologies and changes in the structure of the business, that bring about a new competitive landscape. If we look at past history the introduction of IP to the video surveillance market which began more than a decade ago has changed the structure of this business bringing in a host of new more dynamic suppliers and introduced a constant stream of new innovative products that have until recently grown this market at a CAGR of 30% over most of the last decade and making video surveillance such a valuable service. During this time a select group of trusted leader companies evolved […]

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