security technology market Physical Security market to reach $105 B A new report has found that the global physical security market will grow from USd 65.41 Billion in 2015 to USd 105.26 Billion by 2020, at a CAGR of 9.98% from 2015 to 2020. The video surveillance segment is expected to dominate the physical security market, having been projected by research analysts from Marketsandmarkets to grow at the highest CAGR during forecast period of 2015 to 2020. With the rise of global security concerns, including the increasing incidence of terrorist attacks, governments have increased budget allocation for implementing physical security systems and solutions in order to ensure security of their premises, assets, and people. These factors are expected to drive the growth of the physical security market in the coming years. Among the services, the system integration segment holds the largest share of the physical security market, while the maintenance and support segment is expected to grow at the highest CAGR during the forecast period. These solutions help enterprises worldwide to maintain user identities and their related access permissions. Service business increases A few systems, such as surveillance through traditional CCTV, are being replaced with IP video surveillance because of the various benefits offered by IP networks. The shift from analogue to IP has led organisations to spend on technologies that are scalable and add security services in order to improve their business. This will enable the right individuals to access the right resources at the right time. According to Marketsandmarkets, the Asia-Pacific region is one of the emerging markets for physical security solutions and services. System integrators are in demand The major services covered in the report are system integration, designing & consulting, and support and maintenance. Presently, system integrators are in demand because of the customised needs of end users. Furthermore, the increasing crime and terrorism rate has posed a need for physical security solutions across different verticals. The report The report from Marketsandmarkets is entitled “Physical Security Market by System (Access Control, IP Video Surveillance Software, Locks, PSIM, PID), Services (System Integration, Maintenance & Support, and Designing & Consulting),Vertical, and Region - Global Forecast to 2020.” Video analytics to reach $3,971M by 2020 According to a report by Marketsandmarkets the video analytics market will grow from $1,537.9 Million in 2015 to $3,971.2 Million by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 20.9% during the forecast period from 2015 to 2020. The drivers for this market are listed as – growing security threats and increasing security priorities, and increasing use of video analytics for BI. The restraint for this market is high cost of system and privacy issues. Cloud based video analytics solutions have been acknowledged as the opportunities in this market. Whereas, false alert and lack of reliability is the major challenge, companies are facing today in the video analytics market. The report is entitled: “Video Analytics Market by Type (Hardware, Video Analytics Software, and Services), Applications (Intrusion Management, Crowd Management, Situation Indication, License Plate Recognition, Pattern Recognition) - Global Forecast to 2020”. 245 million cameras installed in 2014 According to IHS, there were 245 million professionally installed video surveillance cameras active and operational globally in 2014. whilst the majority of these cameras were analogue, over 20 percent are estimated to have been network cameras and around two percent HD CCTV cameras. This is the first time that IHS has measured the installed base of security cameras. According to Niall Jenkins, Research Manager, Video Surveillance, Security Services and Smart Homes, the analysis was driven from ten years of unit shipment data collected for its video surveillance research. IHS estimated the service life of cameras in each sub-region by end-user industry to size the current installed base. The research also brought out some other interesting findings, including that Asia accounted for 65 percent of installed security cameras in 2014. In 2016, Asia is forecast to account for 68 percent of the installed base of security cameras, driven primarily by unit shipment growth in China. It is interesting to note that the installed base is characterised by different drivers in each region. In China, average camera prices are typically lower and there is a higher replacement rate. Installers and integrators cost less so replacing a faulty product is less cost prohibitive. In Europe and North America, there is more of a price premium and a focus on product reliability. In terms of leading companies in the sector, Hikvision is estimated to have had the largest number of security cameras installed worldwide in 2013. Samsung Techwin is estimated to have been second. Supply has been fragmented though with the top ten camera vendors accounting for less than 40 percent of all installed cameras. On the other hand if we account specifically for network cameras, then Axis Communications is estimated to have had the largest number of installed cameras in 2013, with Hikvision in second place. These two companies were the only vendors with more than 10% of the installed base of network cameras in 2013. Security News Every Day – www. securityworldhotel.com 18 • detektor i n te r n at i on al