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Global Physical Security Market in the Retail Sector 2016-2020

Global Physical Security Market in the Retail Sector 2016-2020

About Retail Market

The global retail market will grow significantly during the forecast period, driven by the discount, dollar store, food, and service retail concepts. Restaurants will be the strongest category in terms of overall unit growth among all retail concepts. The demand for physical security deployments will increase in line with the significant growth in the global retail industry. Retail stores face many challenges such as theft and inventory shrinkage, which lead to decreased profits. Retail surveillance using network video solutions such as IP cameras will help protect the business. By preventing crime, retailers can reduce losses and create a safer environment for staff and customers.

Technavio’s analysts forecast the global physical security market in retail sector to grow at a CAGR of 6.67% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global physical security market in retail sector for 2016-2020. This report provides a list of vendors that are active in providing physical security in the retail sector across the globe. Vendors are identified based on their product features, geographical presence, customer base, and product portfolio.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Physical Security Market in Retail Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Axis Communications
  • Bosch Security Systems
  • Checkpoint Systems
  • Crossmatch
  • Honeywell Security
  • Tyco Security
Other prominent vendors
  • ADT Security Systems (acquired by Apollo Global Management in June 2016)
  • A2 Systems
  • ALL-TAG Security Americas
  • Anixter
  • ASSA ABLOY
  • AxxonSoft
  • Delphi
  • FLIR Systems
  • Gallagher
  • Genetec
  • Hikvision Digital
  • Intergraph
  • Ketec
  • Lenel Systems
  • Nedap
  • NetVersant
  • NortekSecurity (acquired by Melrose Industries and Nevada Corp in July 2016)
  • Panasonic
  • S2 Security Corporation
  • Salient Systems
  • Samsung Techwin (named changed to Hanwha Techwin)
  • Siemens
  • videoNEXT
Market driver
  • Decline in prices of security products
  • For a full, detailed list, view our report
Market challenge
  • Non-uniform standards and certification procedures for manufacturing security solutions in Europe
  • For a full, detailed list, view our report
Market trend
  • Increasing integration of video with other physical security
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Physical Security Market in Retail Sector 2016-2020

Technavio recognizes the following companies as the key players in the global physical security market in retail sector: Axis Communications, Bosch Security Systems, Checkpoint Systems, Crossmatch, Honeywell Security, and Tyco Security

Other Prominent Vendors in the market are: ADT Security Systems, A2 Systems, ALL-TAG Security Americas, Anixter, ASSA ABLOY, AxxonSoft, Delphi, FLIR Systems, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, Nedap, NetVersant, NortekSecurity (acquired by Melrose Industries and Nevada Corp in July 2016), Panasonic, S2 Security Corporation, Salient Systems, Samsung Techwin (named changed to Hanwha Techwin), Siemens, and videoNEXT

Commenting on the report, an analyst from Technavio’s team said that increasing integration of video with other physical security is one of the trends spurring growth for the market. Retail shop owners prefer integrated security solutions over stand-alone security solutions as stand-alone security solutions may lead to compatibility issues. Integrated security solutions provide better support and functionality to its customers. A growing trend in the retail industry, mainly in grocery stores, is the integration of video surveillance with other security systems, such as access control and fire detection. The integrated platform allows for the management of several facilities across different regions using one platform. It also provides real-time remote access that allows operators to troubleshoot and attend to situations from remote locations.

According to the report, decline in prices of security products is a key driver aiding to the growth of this market. The prices of security solutions, such as IP cameras, are quickly dropping, and with a new array of technologies, there is no need of an internal server to store the camera data, as it will be stored in the cloud. This will make it easier and cost-effective to install security solutions. Earlier, companies had to hire security guards to constantly monitor their premises. Now, several companies are cutting down on the number of such security guards and switching to security services, in which a third party is alerted whenever there is suspicious activity. This, in turn, cuts down on costs and false alarms. As vendors of security solutions come up with better surveillance technology and attract more customers, there will be further declines in the prices of security solutions. Thus, security products will also become an option for the common house owner, along with big companies.

Further, the report states that replacing analog cameras with IP cameras is challenge the market is facing. Many retail shop owners are still using analog surveillance cameras in their stores, in spite of the introduction of IP cameras, equipped with newer technologies such as higher resolution and analytics. However, replacing the older analog cameras with new IP cameras can be costly, and the extended business hours of retail shops can make it a challenge. There will be no time to implement a whole-scale installation of new video cameras and management systems in the shop. In addition, the old analog cameras may not integrate easily with the IP video system, and this can lead to high costs to the retail shop owners during the replacement process.

Companies Mentioned

Axis Communications, Bosch Security Systems, Checkpoint Systems, Crossmatch, Honeywell Security, Tyco Security, ADT Security Systems, A2 Systems, ALL-TAG Security Americas, Anixter, ASSA ABLOY, AxxonSoft, Delphi, FLIR Systems, Gallagher, Genetec, Hikvision Digital, Intergraph, Ketec, Lenel Systems, Nedap, NetVersant, NortekSecurity (acquired by Melrose Industries and Nevada Corp in July 2016), Panasonic, S2 Security Corporation, Salient Systems, Samsung Techwin (named changed to Hanwha Techwin), Siemens, videoNEXT

  • Executive summary
    • Key findings
  • Scope of the report
    • Market overview
      • Table Major countries considered
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
  • Role of security solutions in retail sector
    • Meeting challenges of modern retail industry
  • Camera layout at retail concepts
    • Table Example of supermarket camera layout
  • Recent technology in retail shops
    • Latest technology used in retail shops
  • Market size and forecast
    • Global physical security market in retail sector
      • Table Global physical security market in retail sector 2015-2020 ($ billions)
  • Market segmentation by type
    • Global EAS market in retail sector
      • Table Global EAS market in retail sector 2015-2020 ($ billions)
    • Global video surveillance market in retail sector
      • Table Global video surveillance market in retail sector 2015-2020 ($ billions)
    • Global access control and intruder alarm system market in retail sector
      • Table Global access control market in retail sector 2015-2020 ($ millions)
      • Table Global intrusion detection market in retail sector 2015-2020 ($ millions)
  • Geographical segmentation
    • Geographical segmentation of physical security market in retail sector
      • Table Geographical segmentation of physical security market in retail sector 2015 (% share)
      • Table Geographical segmentation of physical security market in retail sector 2020 (% share)
    • Market in APAC
      • Table Country-wise global retail development index in APAC 2014 and 2015
      • Table Physical security market in retail sector in APAC 2015-2020 ($ millions)
    • Market in EMEA
      • Table Physical security market in EMEA 2015-2020 ($ billions)
    • Market in Americas
      • Table Physical security market in retail sector in Americas 2015-2020 ($ billions)
  • Buying criteria
    • Table Buying criteria for physical security solutions in retail sector
    • Table Comparison of CCTV and IP surveillance scalability and installation flexibility
  • Market drivers
    • Decline in prices of security products
      • Table Average prices of IP cameras 2016 ($)
    • Rise in retail shrinkage
      • Table Retail shrinkage rate in APAC by retail format 2015 (% of total sales)
    • Advances in product and technology
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Non-uniform standards and certification procedures for manufacturing security solutions in Europe
    • Replacing analog cameras with IP cameras
    • IoT in IP-enabled cameras leading to security risks
    • Choosing right security solution
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increasing integration of video with other physical security
    • Rising penetration of IVS and EAS systems
    • Emergence of thermal cameras
  • Five forces analysis
    • Table Five forces analysis
  • Vendor landscape
    • Competitive landscape
    • Vendor matrix
      • Table Vendor matrix: Products
      • Table Vendor matrix: Geographical presence
    • Other prominent vendors
  • Key vendor profiles
    • Axis Communications
    • Bosch Security Systems
    • Checkpoint Systems
    • Crossmatch
    • Honeywell Security
    • Tyco Security
  • Assumptions
  • Appendix
    • List of abbreviations
  • Explore Technavio

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