Security 50 cites upbeat sentiment for 2017, 2018

The year 2017 was still a growth year for security.

Demands haven’t diminished given persisting threats from terrorists as well as

criminals.

Yet due to competition and falling prices, growth has been moderate,

not the kind of high-level growth that we saw in the middle part of this decade.

Finally, Security 50 companies also shared their views on what’s in store for 2018.
 
From Security 50 companies’ perspective, the security market is still growing

“Obviously there is variation from region to region, but overall it was positive

and continues the growth trend of the last few years,

we expect to see the continuing growth in advanced access control technologies

like battery powered door locks and smart keys.
 
“In looking back at 2017, I view the global security market

as healthy and progressive.

For high-end security markets, such as critical infrastructure applications,

there was continued growth and opportunity.

While there is intense price pressure from the Chinese manufacturers

and a battle for market share for camera hardware on the low-end,

premium security manufacturers are still growing,”

We have seen a stronger interest in the thermal marketplace. 

Today, we are seeing more manufacturers enter the thermal sector,

which is validation that thermal is truly a valuable segment for the industry.”
“We believe 2017’s global security market was positive. Due to global terrorism

and local wars,the world fell into confusion and fears was around us in recent.

For that reason,

safety and security matter have never been more important for us.

“Security has become one of the most important matters/concerns worldwide,

at all levels, from public safety in airports, city centers or shopping areas to

 private security in our own homes,”

As a result, the electronic security systems capable to provide faster and real-time

data for a better security and a better understanding/knowledge of what is happening or what to expect have

experienced an extraordinary growth during this past year,

and will continue during the upcoming years.”
 
As for next year, the general view is the industry will again achieve growth.

We anticipate growth in the global security market in 2018 as security awareness

continues to grow,and as new technologies and applications drive growth

in previously untapped markets.

Adding more features and capabilities to security products will continue to

make them more attractive to potential customers. As well, with technologies

continuing to come down in price, they will become increasingly accessible to

markets that previously did not have the budgets to install sophisticated security

systems, such as the commercial and industrial markets.
 

The objective to add different security layers in single solutions will drive mergers

and acquisitions in the coming years,

This amalgamation addresses a growing trend in the security industry to reduce

complexity for systems integrators and end users by enabling them to source

comprehensive security solutions from a single provider,

resulting in reduced costs, improved performance, unified support,

and greater accountability.

We are actively working toward creating seamless integration options between

those two product lines.