Research Firm Reports – Industry Weathers Economic Storms
According to a recent report published by UK-based research firm Memoori, the security industry has not only managed to weather the economic storm brought about by the global recession, but is actually thriving and growing.
The “Physical Security Business in 2012” report found that the total value of the world’s security equipment market “at factory gate prices” in 2012 was worth more than $20.5 billion. Among the different product segments, video surveillance products accounted for the majority of the market at 49 percent ($10 billion), followed by intruder alarms at 27.5 percent (5.77 billion) and access control at 23.5 percent ($4.8 billion).
