Opportunities in the European Intrusion Detection Systems MarketFrost & SullivanDecember 31, 2008 200 Pages - SKU: MC2207579 |
| Need for Security Coupled with Declining Prices Boost Adoption of Intrusion Detection Systems The current economic slow down and fear of recession have resulted in restricted budgetary allocations for intrusion detection in commercial as well as residential sectors across Europe. However, the need for security and falling prices will sustain demand for wireless-based intrusion detection systems across Europe. "IP-based alarm transmission and wireless technology will pave the way for future growth in the intrusion detection systems market," notes the analyst of this research. "Declining prices and heightened awareness about their benefits is supporting wider adoption levels and changing perceptions about wireless systems, especially in the residential sector." Wireless technology, combined with IP-based alarm transmission, has made tremendous inroads into the residential sector. The widespread presence of broadband, coupled with greater awareness and use of wireless technology in daily life, has improved the acceptance of wireless intrusion systems across Europe. Advanced, Cost-effective Products Backed by Superior Service is Key to Success However, the prevailing economic downturn and a negative construction outlook have resulted in a tightening of security spending budgets of commercial and residential end users. "A majority of the residential end users view security as a luxury and not a necessity," remarks the analyst of this research. "The commercial sector is currently looking to retain its existing investment in intrusion systems installed for insurance purposes." Moreover, market maturity is pushing price as the key differentiating factor among competitors in the marketplace. Despite the current challenges, the outlook for the market is optimistic. The basic need for security to address crime during periods of recession will channelise a steady source of revenue for intrusion systems manufacturers. Companies offering technologically advanced features at a better price and superior service will succeed. They need to aggressively push and effectively communicate to end users that higher ROI can be accrued from the adoption of intrusion systems as part of integrated security systems. |
Related Markets
- Corporate Services
- Security Equipment
- House & Home
- Home Security & Safety Equipment
- Wireless
- Equipment
