IHS Research Note: ‘Security system integration market worth an estimated $59.5 billion in 2013’

Posted On 14 Oct 2014
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According to a new report from IHS, the world market for security system integration was valued at $59.5 billion in 2013, an increase of almost $5 billion from 2012. Paul Bremner (Senior Analyst for Video Surveillance” Security Services at IHS) outlines the detail. The security system integration market consists of design, consultancy, installation, service and maintenance as well as the sales of video surveillance, physical access control and intruder alarm equipment.

Revenue is expected to continue growing in excess of 9% through to 2018. The market is characterised by a handful of large international players, numerous regional rivals and many local competitors. Such a competitive landscape means fierce competition abounds and that both integrators and installers must remain at the forefront of technology trends to be able to continue serving Best in Class integration packages to their customers. One trend that integrators have been eyeing closely of late is Security as a Service (SaaS), whether it be Video Surveillance as a Service (VSaaS) or Access Control as a Service (ACaaS).

Both offer promising opportunities for integrators to expand their recurring monthly revenue while simultaneously becoming closer to the end customer. This model also allows those same integrators to increase the value they bring to the table, and lets them be seen to be working together with their customers as partners. As equipment margins continue to edge lower for integrators, driven by price declines in the equipment itself, it’s the services that integrators can offer” as well as the added value they’re perceived to bring to the customer” that will ultimately prove to be the separator between the winners and losers in this market.

About the Author
Brian Sims BA (Hons) Hon FSyI, Editor, Risk UK (Pro-Activ Publications) Beginning his career in professional journalism at The Builder Group in March 1992, Brian was appointed Editor of Security Management Today in November 2000 having spent eight years in engineering journalism across two titles: Building Services Journal and Light & Lighting. In 2005, Brian received the BSIA Chairman’s Award for Promoting The Security Industry and, a year later, the Skills for Security Special Award for an Outstanding Contribution to the Security Business Sector. In 2008, Brian was The Security Institute’s nomination for the Association of Security Consultants’ highly prestigious Imbert Prize and, in 2013, was a nominated finalist for the Institute's George van Schalkwyk Award. An Honorary Fellow of The Security Institute, Brian serves as a Judge for the BSIA’s Security Personnel of the Year Awards and the Securitas Good Customer Award. Between 2008 and 2014, Brian pioneered the use of digital media across the security sector, including webinars and Audio Shows. Brian’s actively involved in 50-plus security groups on LinkedIn and hosts the popular Risk UK Twitter site. Brian is a frequent speaker on the conference circuit. He has organised and chaired conference programmes for both IFSEC International and ASIS International and has been published in the national media. Brian was appointed Editor of Risk UK at Pro-Activ Publications in July 2014 and as Editor of The Paper (Pro-Activ Publications' dedicated business newspaper for security professionals) in September 2015. Brian was appointed Editor of Risk Xtra at Pro-Activ Publications in May 2018.