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Physical Security Business Industry Study, 2019 to 2024 - Total Global Production Value of Physical Security Products at Factory Gate Prices in 2019 was $34.3 Billion - ResearchAndMarkets.com

November 26, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Nov 26, 2019--

The “The Physical Security Business 2019 to 2024: Access Control, Intruder Alarm/Perimeter Protection & Video Surveillance” report has been added to ResearchAndMarkets.com’s offering.

This Report is the New 2019 Definitive Resource for Access Control, Intruder Alarm / Perimeter Protection & Video Surveillance Market Research.

The total value of world production of Physical Security products at factory gate prices in 2019 was $34.3Bn, an increase of 8.5% on 2018 whist the compound annual growth rate (CAGR) over the last 5 years has been 7.24%.

Over the last 10 years, the market has grown by a CAGR of 6.27%, however, different rates of growth apply in each of the 3 businesses (Access Control, Video Surveillance, Intruder Alarm / Perimeter Protection) and geographic territories. We forecast the market will reach $56.76Bn in 2024.

This report is a detailed analysis that brings together all the factors that influence this industry’s future. To do this we assess the structure and size of the combined physical security industry then break down by size of product, sales by major sector and geographic region and forecast sales to 2024.

What is Included in this Report?

Demand structure in the video surveillance business is unbalanced because of the Chinese market. The main reason is that the communist government has some control over even private video surveillance manufacturing companies. If these companies want public sector business (which today accounts for more than 50% of the Chinese’s video surveillance market) and support with long term cheap loans, then they must comply with the states requirements.

For this the government ensures that foreign equipment will not be used on public sector projects. Not surprisingly this arrangement has distorted any possibility of open trade and further has allowed the 2 major Chinese manufactures to build up a market share of 40% of the worlds video camera business; in part by operating a race to the bottom by lowering prices that no other manufacturers could sustain because they don’t have the same volume of production.

However on the horizon are other Chinese companies that want a part of the massive investment in the public sector Safe City projects. Huawei, one of the world’s largest communication companies, have announced a major push into video cameras and an AI video analytics startup Megvii intends to offer complete video surveillance solutions. They will eventually get established in the public sector market and take share from the 2 present incumbents, and this could at least reduce the pressure on non-Chinese manufacturers operating in the more open world market.

Within its 350 Pages and 29 Charts and Tables, the Report Presents All the Key Facts and Draws Conclusions, so you can Understand what is Shaping the Future of the Physical Security Industry;

Key Topics Covered

1. Introduction

2. Structure, Shape & Size of the Physical Security Business

3. The Video Surveillance Market 2019 to 2024

4. The Access Control Market 2019 to 2024

5. Intruder Alarms / Perimeter Protection (IA/PP) Market 2019 to 2024

6. Wireless Technology

7. Standards, Cyber Security & Privacy

8. Software Markets in the Physical Security Business

9. Growth Through Open Systems- Integration - IT Convergence - BAS Services & IoT

10. Business Opportunities that Offer Growth Today

11. M&A Performance by Sector - Valuation and Outlook 2019 to 2024

12. Identifying Potential Acquisition Targets & High Growth Sectors

13. Investment & its Impact on the Physical Security Industry

14. Strategic Alliances - Partnerships & Investments in Startups

Companies Mentioned (A-Z)

For more information about this report visit https://www.researchandmarkets.com/r/o0zxwy

View source version on businesswire.com:https://www.businesswire.com/news/home/20191126005634/en/

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KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY SECURITY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 11/26/2019 11:18 AM/DISC: 11/26/2019 11:18 AM

http://www.businesswire.com/news/home/20191126005634/en