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The Physical Security Business 2018 to 2023

The Physical Security Business 2018 to 2023

This Report is the New 2018 Definitive Resource for Access Control, Intruder Alarms & Video Surveillance Market Research.

The total value of world production of Physical Security products at factory gate prices in 2018 was $31.55Bn, an increase of 8% on 2017. This is an increase of approx. 1% over the Compound Annual Growth Rate (CAGR) of 6.87% during the last 4 years. We are forecasting the market will reach $51.38Bn by 2023.

Of this, the world market for Video Surveillance products should grow at a CAGR of 13.43% to 2023. The reason for this is the demand for AI Video Analytics that should gradually be taken up over the next 5 years having the potential to add a further $2.3Bn to the video surveillance market in 2023. AI Video Analytics will be the number one game changer over the next 10 years in the video surveillance business, influencing the growth of most products that make up this business.

The developed markets of North America and Europe are losing global market share to Asia and particularly China. This is expected to continue to at least the end of the decade which is bad news for western manufacturers of Video surveillance products because they have failed to establish a solid business base and significant share in China; whilst 2 Chinese manufacturers have sales of more than $5 billion between them and now have the kind of scale that allows them to reduce prices to the levels that most western manufacturers can’t compete against.


1. Introduction
2. Structure, Size & Shape of the Physical Security Business
2.1 Structure of the Business
2.2 Trends in Market Share by Group 2012 – 2018
2.3 Sizing the Physical Security Business 2018 & Forecast to 2022
2.4 World Distribution of Security Products by Major Regions
2.4.1 The Status in 2018
2.4.2 Market Size & Trends by Vertical Sectors
2.4.3 Market Size by Region & Penetration
2.4.4 China & the Rest of Asia Offer the Best Prospect For Growth
2.5 Comparing & Sizing, Access – Intruder – Video 2018
3. The Video Surveillance Market 2018 – 2023
3.1 Market Size 2018 & Forecast to 2024
3.2 Market Size of Cameras
3.3 Market Size Video Management Software Systems
3.4 Identifying & Measuring the Performance of Leading Camera Suppliers
3.5 Identifying & Measuring the Performance of Leading VMS Suppliers
3.6 Channels of Distribution & Trends
3.7 Business Strategies for Ensuring Success in the Video Camera Market
3.7.1 Scale / Economics Vs Technology / Performance
3.7.2 Technology / Performance Provides a Solution for Non-Chinese Camera Manufacturers
3.8 Technology that Drives Demand for Video Surveillance
3.8.1 At the Edge Technology & Cloud
3.8.2 Compression
3.8.3 Video Analytics – Deep Learning
3.8.4 Integration within Physical Security & other BIoT Sensors & Services
3.9 The Market for Video Surveillance as a Service (VSaaS) 2018
3.9.1 Drivers & Road Blocks to VSaaS
3.9.2 Suppliers & Operators of MVaaS & VSaaS
3.9.3 Acquisitions in MVaaS – VSaaS – ACaaS
3.10 Video Technology – IP Cameras – HD Analog CCTV – Thermal Cameras
3.10.1 IP Network Cameras
3.10.2 The Future – IP Network – HDCCTV – Analogue
3.10.3 Video Compression Technologies H264 Vs H265
3.10.4 Thermal Cameras
3.11 Body Worn Cameras
3.12 Video Surveillance Storage Recorders
3.13 Video Management Software (VMS)
3.14 AI Video Analytics
3.14.1 The Panorama of AI – IoT & Blockchain
3.14.2 AI Chip Technologies Diversify & Open up New Applications
3.14.3 The Development of AI Chip Technology – Machine Learning & Deep Learning
3.14.4 The Advantages of Deep Learning and its Algorithms
3.14.5 There is a Growing Demand for AI Video Analytics
3.14.6 The World Market for AI Video Analytics
3.15 Specialist Cameras & New Applications
3.15.1 New Video Camera Designs
3.15.2 Novel Applications for Video Cameras
4. The Access Control Market 2018 to 2023
4.1 Market Size 2018 & Forecast to 2023
4.2 Identifying Measuring the Performance of Leading Access Control Suppliers
4.3 Channels of Distribution for Access Control Systems
4.4 Major Demand Drivers for Access Control
4.4.1 IP Network Systems
4.4.2 Integration within Physical Security and other BAS Services
4.4.3 Connecting PACS – IAM & Logical Security
4.4.4 Personal Identity Verification Card (PIV Card)
4.4.5 Mechanical Locks Live On & Prosper
4.4.6 Systems Integrators Preference to push Access Control
4.4.7 PACS – Strategic Acquisitions
4.5 The Impact of Technologies from Outside the Access Control Business
4.5.1 Demand for Biometric Readers
4.5.2 Near Field Communications (NFC) for Access Control Mobile Apps
4.6 Growth through ACaaS – Cloud & Managed Access Control
4.6.1 Growth Through ACaaS & Cloud Based Systems
5. Intruder Alarms / Perimeter Protection (IA/PP) Market 2018 to 2023
5.1 Market Size 2018 & Forecast to 2023
5.2 Demand Drivers & Technology Trends
5.2.1 Demand Drivers
5.2.2 Technology Trends
5.3 Identifying & Measuring the Performance of Leading Suppliers
6. Wireless Technology
6.1 Wireless in the Video Surveillance Market
6.2 Wireless in the Access Control Market
6.3 Wireless in the Intruder Alarm Market
6.4 Wireless Will be Driven by IoT
7. Standards & Cyber Security
7.1 ONVIF for Video Surveillance
7.2 ONVIF for Access Control
7.3 PSIA
7.4 Cyber Security
7.4.1 The Most Serious Threat to Physical Security Stakeholders & Emerging BIoT
7.4.2 The Cyber Risk Threat Landscape
7.4.3 Is Physical Security Industry is the Weakest Link in the BIoT Chain?
7.5 GDPR – Privacy & Ethics
8. Software Markets in the Physical Security Business
8.1 Physical Security & Information Management (PSIM)
8.2 Physical Identity and Access Management (PIAM)
8.3 Situational Awareness
8.4 Virtual Assistants Migrate to Physical Security
8.5 Blockchain Refines Physical Security
9. Business Development Opportunities Through Integration, IT Convergence & BIoT Require New Business Models
9.1 Growth Through Integration of BAS Services & IT Convergence
9.2 For Integration to Deliver its Full Potential it Needs “Open Systems”
9.3 Real Estate Platforms Manage Buildings
9.4 Growth Through Integration, IT Convergence within BAS Services
9.5 Growth Through IoT & the Building Internet of Things (BIoT)
9.5.1 The Impact of BIoT on Physical Security
10. Business Opportunities that Offer Growth Today
10.1 New Industry Verticals & Market Segments
10.2 Shared Services, Smart / Safe Cities
10.3 Shared Intelligence in the Private Sector
10.4 Total Solutions versus Product Manufacture
10.5 Business Models Focused on Product Specialization, Brand & Commoditization
10.5.1 Product Specialization
10.5.2 Commoditization
10.5.3 Brand
10.6 Maintaining a Viable Business in the IP Camera Market
10.7 Big Tech & Business Opportunities Built Around Security as a Service
10.8 Do Chinese Manufacturers Dominate the Video Surveillance Business?
11. M&A Performance by Sector – Valuation and Outlook 2000 to 2023
11.1 M&A Performance 2000 – 2018
11.2 M&A Performance in 2018
11.3 M&A Outlook 2018 – 2023
11.4 M&A Analyzed by Business Segment 2018
11.5 M&A Valuation – Exit Multiple Benchmarks
11.6 M&A Activity by Country
11.7 Strategic Buys Dominate M&A Activity but Private Equity Abstains
12. Identifying Potential Acquisition Targets & High Growth Sectors
12.1 Potential Acquisition Targets
12.2 Identifying Acquisition Prospects in High Growth Sectors
12.2.1 The IP Video Surveillance Industry
12.2.2 Security Management Software
12.2.3 Video Surveillance as a Service (VSaaS)
12.2.4 Access Control as a Service (ACaaS)
13. Investment & its Impact on the Security Industry
13.1 The State of Venture Capital in the USA
13.2 Investments in the Physical Security Industry 2018
14. Strategic Alliance – Partnerships – Investments in Startups
14.1 Strategic Alliances
14.2 Partnerships & Investments in Startups Gain Momentum
Appendix
A1 – The World’s Major Physical Security Companies 2018
A2 – Acquisitions Announcements in 2017 to 2018
A3 – Potential Acquisition Targets 2018 & 2019
A4 – Directory of AI Video Analytic Suppliers
List of Charts and Figures
Fig 2.1 – Distribution of Sales by Major Grouping by Value 2018 ($m)
Fig 2.2 – Distribution of Sales by Major Grouping by Average Value 2018 ($m)
Fig 2.3 – Average Revenue for Group A, B, C, & D Companies 2012 – 2018 ($bn)
Fig 2.4 – World Sales of Security Products 2008 – 2023
Fig 2.5 – World Distribution of Security Products by Major Regions 2018
Fig 2.6 – Distribution of Security Systems by Building Type, 2006 compared with 2018
Fig 2.7 – Comparison of Physical Security Penetration by Major Region 2018
Fig 2.8 – World Sales of Security Products by Type 2018 ($bn)
Fig 3.1 – World Sales of Video Surveillance Products 2016 to 2023 ($bn)
Fig 3.2 – World Sales of Video Surveillance Cameras 2017 to 2023 ($bn)
Fig 3.3 – World VMS Market for Video Surveillance 2013 to 2023 ($m)
Fig 3.4 – Performance of Established Players / New Ventures / Challengers / Leaders in the Video Surveillance Camera Market 2018
Fig 3.5 – Performance of Established Players / New Ventures / Challengers / Leaders in the VMS Market 2018
Fig 3.6 – Distribution Channels of Video Surveillance 2018
Fig 3.7 – Machine Learning & Deep Learning Capability
Fig 3.8 – The World Market for AI Video Analytics Market 2017 – 2022 ($m)
Fig 4.1 – World Sales of Access Control Products 2013 to 2023 ($bn)
Fig 4.2 – Performance of Established Players / New Ventures / Challengers / Leaders in the Access Control Market 2018
Fig 4.3 – Model of Routes to Market for Access Control Systems 2018
Fig 5.1 – World Sales of Intruder Alarm Products 2013 to 2023 ($bn)
Fig 5.2 – Performance of Established Players / New Ventures / Challengers / Leaders in the Intruder Alarm Market 2018
Fig 7.1 – The Cyber Attack Life-Cycle
Fig 7.2 – Cyber Security Threat Vectors for Smart Buildings
Fig 7.3 – Building Elements Perceived to be at High Risk
Fig 8.1 – PSIM Software Landscape
Fig 11.1 – Security Deals Completed from 2000 to 2018
Fig 11.2 – Forecast of Deals 2018 to 2023
Fig 11.3 – Merger & Acquisition by Business Segment 2018
Fig 11.4 – Acquisition Valuation Benchmarks 2005 to 2018
Fig 13.1 – Strategic Alliances 2008 to 2018

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