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security
technology market
Healthy growth rate for
surveillance market to 2022
Opportunities & challenges for
EMEA access control market
According to a
new market
research report on the video surveil-
lance market the global forecast
by 2022 is expected to reach USD
71.28 Billion with an estimated
CAGR of 16.56%.
Analysts from Marketsandmar-
kets have found that demand for
the software and service element
of the market is expected to lead
the way and grow at the highest
rate with cloud services and video
surveillance as a service (VSaaS)
playing an increasingly important
role in the video surveillance
system - including video analy-
tics, video management software
and the use of neural networks
and algorithms for the biometric
component within a growing
number of surveillance systems.
The advancement in software tech-
nologies and networking services
are predicted to lead the video
surveillance market.
The market for the commercial
sector is expected to grow at the
highest CAGR between 2016
and 2022. The high demand for
security systems in large and small
retail businesses is increasing to
reduce robbery and inventory loss.
In the commercial sector, finan-
cial institutions and banks highly
recommend video surveillance
systems to provide security to the
buildings, maintain cash mana-
gement, and monitor customers
and staff activities. This enhances
security parameters and drives the
surveillance system market for the
commercial sector.
Geographically, the video
surveillance market in the APAC
region is expected to grow at
the highest rate over the period
covered by the report. The reason
for this growth, according to
researchers, is the adoption of new
technologies (cloud services and
other analytics technologies) and
security systems to protect the
region's economy and infrastructu-
re through criminal activities and
terror attacks. Thus, a reduction in
IP cameras prices and the presence
of big players are the factors which
should drive the video surveillance
system market in this region.
The key players in the eco-
system of the video surveillance
market profiled in this report
are Axis Communications AB
(Sweden), Bosch Security Systems
(U.S.), Zhejiang Dahua Techno-
logy Co., Ltd. (China), Hangzhou
Hikvision Digital Technology Co.,
Ltd. (China), FLIR Systems Inc.
(U.S.), Honeywell Security Group
(U.S.), Avigilon Corporation (Ca-
nada), Pelco by Schneider Electric
(U.S.), Panasonic System Net-
works Co., Ltd. (Japan), Samsung
Techwin Co., Ltd. (South Korea),
Nice Systems Limited (Israel), and
Infinova Corporation (U.S.).
The biggest changes
in the latest
updated forecast from IHS for
the EMEA access control market
came from France and Russia.
France's CAGR forecast between
2015 and 2019 rose from 3.9%
to 5.0%, while Russia's CAGR
during the same period fell from
2.6% to 0.3%.
IHS Technology, analysts have
recently issued revised forecasts
for the EMEA access control
market which have uncovered
both new opportunities and chal-
lenges for market players. In the
latest IHS country-level analysis
for Europe, Middle East and
Africa (EMEA), countries where
the market for access control
equipment is mature (i.e., France,
United Kingdom and Germany)
experienced only minor vola-
tility in 2015. The combined
compound annual growth rate
(CAGR) forecast for 2014 th-
rough 2019 in Germany, Russia,
United Kingdom and France
shifted only slightly from 5.3%
to 5.4%. The biggest changes in
the forecast, however, came from
France and Russia.
According to Blake Kozak,
Principal Analyst - Security &
Building Technologies, IHS Tech-
nology, the French market will
continue to be a target market for
international suppliers through
2019, especially for electronic
locks. The French market is also
relatively untapped, compared to
the U.K. and Germany. Due in
large part to the recent terrorist
attacks in France, and now in
Belgium securing access to public
places and accenting citizen safety
in that country has become a
priority. Development of govern-
mental systems for access control
is likely to receive backing from
both the public and the parlia-
ment; however, any growth in the
government sector will take time
to develop, so short-term growth
is not expected for government
applications.
The Russian market for access
control equipment continues to
challenge international suppliers,
primarily because of exchange-
rate volatility: in fact, the market
contracted by 5.3% in 2015
and will shrink by another 1.9%
in 2016. Future opportunities
for growth in Russia will hinge
mostly on the state of national
economic conditions. If oil prices
continue to fall, the exchange rate
worsens, and competition from
local and Chinese vendors rises,
the Russian market will remain
unfavourable for international
suppliers.
Hadapsar, India
Engelwood, Co (USA)
0
100
200
300
400
500
600
700
800
900
0,0%
1,0%
2,0%
3,0%
4,0%
5,0%
6,0%
7,0%
2014
2015
2016
2017
2018
2019
Access Control Forecast May 2015
Access Control Dec 2015
Access Control Forecast May 2015 % Growth
Access Control Forecast Dec 2015 % Growth
United Kingdom, Germany, France and Russia
Changes to forecasts May 2015 vs. December 2015
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2016-04-12 15:03