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China accounts for nearly 1/3 of all physical security equipment sold in 2016November 01, 2017The recently published IHS Markit Physical Security Equipment & Services Report estimates that the global market for physical security equipment totaled US$29.2 billion in 2016. This represents a $1.6 billion (5.8 percent) increase from 2015. Highlights • Globally, the physical security equipment market was valued at US$29.2 billion in 2016, growing 5.8 percent from the prior year • China was the largest market for physical security gear in 2016, accounting for 29 percent of global revenue • The worldwide physical security equipment market is forecast to reach US$41.7 billion annually by 2021
DIY security systems and the future of the professional installerOctober 30, 2017In 2016, the global market for DIY security equipment reached $60 million, with the great majority of gear — 85 percent — sold in the Americas. The American market for DIY intruder alarms is forecast to grow at a CAGR of more than 20 percent over the next five years.
Access to Apple’s NFC Chip Could Spur New Growth in Mobile Access Control CredentialsOctober 12, 2017Fewer than 1 million mobile credentials were downloaded by end users of mobile access solutions in 2016. However, this number is expected to increase rapidly during the next five years, reaching 44 million downloads by 2021.
Security Start-Up Numbers Soar – Have the Barriers to Entry Ever Been So Low?October 10, 2017Homeowners worldwide have more security options available to them now than ever before. If you needed to purchase a home alarm or video surveillance system ten years ago, typically you had two options: go to a professional solution provider or do it yourself. Since most all the equipment was wired and – for the most part – lacked interoperability, few were confident enough to go it alone.
Wireless intrusion sensors – adoption still weak in the commercial sectorAugust 01, 2017IHS Markit estimates that 68 million intruder alarm sensors were sold globally in 2016; of which, 41 percent were wireless. However, just 4 percent of those wireless sensors were destined for the large commercial sector. Residential and small-medium business sectors jointly accounted for the remaining 96 percent of the wireless sensor market.
Is a New Threat Emerging for Access Control Brands?July 17, 2017According to new research from IHS Markit, global PIAM market revenues, excluding Asia Pacific and Africa, amounted to just $136 million in 2016. However, this is forecast to grow rapidly to nearly $500 million by 2021.
The new user interface for professional securityJune 23, 2017As security monitoring providers continue to mould strategy around interactive alarm monitoring, security equipment manufacturers have had to become more nimble and pivot from traditional wall keypads to interactive touch-screen panels.
Comcast’s Rise and Its Impact on the Professional Security Intruder Alarms MarketMay 10, 2017Challenges to the professional security equipment market emanating from players outside the industry have grown significantly over recent years. Recent subscriber milestone announcements from both Comcast and ADT suggest that the competition is intensifying every year.
The Adoption of Biometrics in Electronic Access Control Systems – What is the hold up?April 11, 2017Ever since the first fingerprint readers came to market more than a decade ago, access control industry stakeholders have eagerly anticipated the prospect of finally eliminating cards from their systems.
Growing popularity of self-installed intruder alarm systems continuesApril 10, 2017Although still in its infancy, the global do-it-yourself (DIY) market for devices with added smart connectivity is forecast to experience a steady rate of growth at 22.3% annually from 2016 to 2021.
Disruption coming to professional smart home marketMarch 21, 2017Alarm.com and Comcast’s acquisition of Icontrol, finalized March 8th, will make for stiff competition in the coming years for other providers of professional home automation systems. Although Comcast is a telecom, and telecoms often get poor customer service reviews, this has not slowed its growth as a home automation and security provider.
Certified voice alarm systems win business in Middle East and AsiaMarch 16, 2017Public Address Voice Alarm systems (PAVA) are a staple of large modern buildings. These systems reduce the evacuation time of buildings by increasing responsiveness of building occupants and providing additional evacuation guidance.
Video Verification Offers New Upsell Opportunities for Monitoring Companies in 2017February 02, 2017Video verification is the next big opportunity for monitoring companies. Self-monitored IP cameras have become a common addition to monitoring contracts, especially in North America, and monitoring companies are looking for new ways to add new value to their “premium packages”.
Is the Video Doorbell Paving the Way for Greater Adoption of Video Verification in Home Alarm Systems?January 26, 2017As the popularity of video doorbells increases, owners are likely to become more comfortable with video cameras in their homes. For many homeowners, a video doorbell is their first experience with an IP camera. Installing it, setting up the app and then later using it to view something remotely all help to build consumers’ familiarity with network video cameras.
Electronic Access Control – IHS Markit Predictions for 2017January 24, 2017Globally in 2017, the access control market will increase by 6.8 percent and exceed $4.2 billion. Access control will continue to play a larger role in enterprise through deeper integrations with video surveillance, business processes and IoT. Mobile credentials and biometrics will be two of the top hardware trends to watch along with logical/physical integrations and remote services such as access-control-as-a-service (ACaaS).
Chinese Manufacturers - The Sleeping Giant of the Consumer Video Surveillance IndustryJanuary 13, 2017Chinese supplier branded consumer video surveillance equipment accounted for approximately 5 percent of US market revenues in 2016. However, the recent explosion of supply and demand for consumer video in the Chinese domestic market is a potential ticking time bomb for US market stakeholders.
Latin American fire equipment market offers growing opportunities in automotive, hospitality and transportation industriesAugust 16, 2016The Latin American fire equipment market is forecast to grow at a compound annual growth rate (CAGR) of 4.5 percent, between 2015 and 2020. Despite tough economic conditions in much of Latin America, IHS has identified three industries that offer the largest growth opportunities for fire equipment manufacturers: manufacturing, hospitality, and transportation.
Access control hardware installed base expected to reach 2.3 billion units in 2016August 12, 2016The total installed base of access control readers, panels, credentials and electronic locks is expected to reach 2.3 billion by 2016, up from 1.8 billion in 2012. About 95 percent of the installed base in 2016 was credentials, which is not surprising due to the requirement that each user have a card or pass.
Lack of Awareness and Fragmentation Hindering Smart Home GrowthAugust 09, 2016America is the most developed market for smart home systems, where providers of connected professional monitoring services led the market in 2015, with more than 5.5 million customers. As consumers tend to prefer professional installation -- a “do-it-for-me” approach to smart homes -- professional security providers are well placed to offer these services to the mass market.
How Brexit Affects the Security IndustryJuly 21, 2016Should the United Kingdom follow through with its plans to leave the European Union (EU), there could be a number of consequences that filter through to security industry stakeholders.