The global market for electronic security equipment aimed at city surveillance applications will more than double in size from 2012 to 2017 as metropolitan areas adopt mobile technology to deal with threats more efficiently, according to a new report from IMS Research, now part of IHS Inc.
Worldwide, revenue for electronic security equipment in city security will expand at a compound annual growth rate of 17.8 percent from 2012 to 2017. By 2017, wireless infrastructure and CCTV and video surveillance equipment will amount to just over $3.2 billion, up from $1.4 billion in 2012.
1,145,688 Shoplifters and Dishonest Employees Apprehended by 23 U.S. Retailers in 2013
According to 25th Annual Retail Theft Survey by Jack L. Hayes International Wesley International, a loss prevention and inventory shrinkage control consulting firm, just 23 major retailers apprehended more than 1.1 million shoplifters and dishonest employees in 2012. From these apprehensions, retailers recovered more than $189 million.
The traditional distribution model for physical security products across the globe was often referred to as "box shifting," it offered products off the shelf but with few value-add services. This is model is now rapidly morphing into a sophisticated system delivering value add services that clients now demand.
There are 5 main reasons why the change in the structure of the physical security industry is causing the distribution model to change, according to a recent report on the security market