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The total video surveillance
market is expected to reach
$42.06 billion by 2020 at a
CAGR of 16.97 %, according
to a new report, by Market-
sandmarkets, entitled "Video
Surveillance Market by System
(Analog, IP) by Hardware, Soft-
ware & Services, Application
(Infrastructure, Commercial,
Institutional, Industrial and
Residential), and Geography-
Global Trends & Forecasts to
20132020".
The report segments the
video surveillance market on
the basis of the different types
of hardware, software & ser-
vices, applications, and geogra-
phies. Furthermore, it provides
revenue forecasting and analyses
the trends in the market.
IP video surveillance holds
the maximum share in the
global video surveillance mar-
ket, and this trend is expected
to continue in the forecast
period.
The IoT in smart building will rise to $85Bn by 2020
Access control and video surveillance
drive the physical security market forward
The Global Market for the Internet of Things in Smart
Buildings will Rise to over $85Bn by 2020, Predicts
Memoori Research.
According to the independent market research and
consultancy provider Memoori, the total world
production value of security products at factory gate
prices was $25.28 billion in 2014. Of this video sur-
veillance products at $13.48 billion took a share of
53 percent, access control at $5.62 billion took a
23 percent share and intruder alarms at $6.18 billion
had a 24 percent share.
Memoori's new research report
is an objective assessment of the
market for Internet of Things
Technologies, Networks and Ser-
vices in Buildings 2014 to 2020.
Overall connectivity pen-
etration rates across all building
systems are currently only around
16%. This connectivity penetra-
tion rate will of course rise steadily
over the coming years, and with it
the market potential for the Inter-
net of Things in Buildings (BIoT).
The new report projects that the
global market for the BIoT will
increase from approx. $23Bn in
In 2014 the combined product
sales grew by 7.5% with growth
in the video surveillance sec-
tor achieving 9.9%. Growth in
the sales of access control has
increased to 10% as it moves into
IP network systems & biometric
& identity management systems;
it could become the number one
growth market in 2015.
The game changer in the
physical security Industry is still
IP, not just across video surveil-
2014 to over $85Bn in 2020.
The networking and related
services segment of the market will
show a steady growth of 22.6%
CAGR rising to approx. $32Bn in
2020; which will represent 37% of
overall revenues by 2020. Effective
network deployment, in order to
keep up with the rising bandwidth
demands of the BIoT, will be
crucial to the efficient delivery of
services and the management of
data flows.
Memoori underlying figures
indicate that the overall market for
systems in buildings will also grow
lance but now into access control
and intruder alarms. The physical
security industry is moving fast to
an all IP driven business, which
so far has vastly improved and
extended the value propositions
for its customers.
A major change in the
geographic distribution of sales is
taking place with Asia, specifically
China, delivering the highest rate
of growth and increasing its market
share. Leading edge manufacturers
from approx. $111Bn in 2014 to
$181Bn in 2020, with Physical
Security, Lighting Control and
Fire Detection & Safety represent-
ing the 3 largest segments.
of the West are failing to get their
share of this business, which is
dominated by Chinese manufac-
turers. Two of the world's largest
manufacturers of video surveillance
products are now Chinese and
they have within the last 2 years
established a significant presence in
Western markets.
The value in the Internet of
Things is as much in the data as
the device. Collecting data from
more building services and equip-
ment will provide a much more
granular view of exactly how each
building is performing. Building
equipment manufacturers and
providers must start selling sys-
tems that collect, store and analyse
data in the cloud, so they can use
it to provide better operational
efficiency for their clients.
The Internet of Things in
Smart Buildings 2014 to 2020
report (185 pages and 31 charts)
filters out all the important
conclusions, supported with facts,
as to what is shaping the future of
the Smart Buildings industry.
At 239 pages with 27 charts
& tables "The Physical Security
Business 2014 to 2018; Access
Control, Intruder Alarm & Video
Surveillance" report filters out all
the important conclusions, sup-
ported by facts, to demonstrate
what is shaping the future of the
security industry.
Video surveillance market to reach $42.06 Bn by 2020