Security Systems News

APR 2017

Security Systems News is a monthly business newspaper that reaches 25,100 security installers, product distributors, central stations, engineers & architects, and security consultants. Our editorial coverage focuses on breaking news in all major se

Issue link:

Contents of this Issue


Page 8 of 54 April 2017 SECU ri TY SYSTEMS NEWS Security Stat S 2 By Spencer Ives LONDON—Technavio, a market research firm based here, recently published a report that covers the mass transit security mar- ket from 2017 to 2021. Among the firms predictions is that the Americas market share continues growing but ceases to be the larg- est market portion. " I n 2 0 1 6 , t h e A m e r i c a s accounted for the largest share of the market with 40.10 percent share, followed by EMEA with 38.51 percent and APAC with 21.39 percent market share," Amrita Choudhury, Technavio research analyst, told Security Systems News. "By 2021 we expect that Amer- icas will be close to 37 percent, EMEA 39 percent and APAC will be close to 23 percent market share. We expect the market share of the Americas to decline dur- ing the forecast period because o f m a r k e t saturation of mass transit security sys- t e m s , " s h e continued. Te c h n a v i o v a l u e d t h e transit secu- rity market for the Americas at $4.05 billion in 2016, and projects it to rise to about $5.8 billion by 2021. The company valued the total global market at $10.96 billion in 2016, and said it will reach $15.57 bil- lion by 2021, at a CAGR of 9.04 percent. There are a couple of key tech- nologies that will influence the market over this time period. "Use of biometrics will be some- thing that will be prominent," Choudhury said. "Video surveil- lance will be another technology that will be dominant in this sec- tor, contributing to a 35 percent market share in 2016." Access control will be a key trend in the market, according to Choudhury. "We see access control being enforced by the government, the use of biomet- ric access control to ensure the security of mass transit areas. In this type of access control, the electronic access control system is integrated with biometric tech- nologies, such as iris recognition and voice recognition, which is used to monitor people and con- trol access to secure locations." Mergers and acquisitions will also affect the market, she con- tinued. "Vendors, such as NICE Systems and Tyco, have shown this trend, which is expected to continue in the future. Further- more, with increased competi- tion to provide integrated solu- tions, vendors that do not have a strong presence in the market are expected to increase their acquisition spree." As examples, she pointed to Honeywell Secu- rity and Fire's acquisition of RSI Video Technologies, Battery Ven- tures' purchase of Qognify and when Axis Communications bought Citilog. The market will be driven by a growing need for public safety and additional investments made Technavio notes trends in the mass transit security market "We expect the market share of the Americas to decline during the forecast period because of market saturation of mass transit security systems." —Amrita Choudhury, Technavio A. Choudhury Company expects biometrics and video surveillance to be key technological trends into 2021 Transi T see page 5 1.800.786.3423 | 989.891.2800 International DICE Corporation and the DICE Corporation logo are registered trademarks of DICE Corporation in the U.S. and other countries. Copyright 2017 DICE Corporation. All rights reserved. Join us at the 2017 DICE User Group | Register as an attendee, sponsor, or speaker at It's easy to save time, stay organized, and meet your goals with Matrix Sales Management – DICE Corporation's all-new customer relationship tool. Using a tablet, sales teams build custom quotes and contracts, organize data and statistics, and schedule appointments and to-do lists from any location. Reclaim control of your sales process with Matrix Sales Management. StepbyStep Reach Your Sales Goals

Articles in this issue

Links on this page

Archives of this issue

view archives of Security Systems News - APR 2017