SecurityWorldMarket

09/07/2015

EMEA residential intruder market to surpass $500M by 2019

Wellingborough, Northamptonshire (UK)

Despite a sluggish start in 2015 the EMEA (Europe, the Middle East and Africa) residential market for intrusion equipment is expected to exceed $500 million in annual market revenues by 2019, according to a new report from IHS Technology, entitled “The Market for Intruder Alarms – 2015.”  The residential sector is forecast to grow at a CAGR of 3% from around $440 million in 2014.

The residential market is currently being negatively affected by the current political instability in Ukraine and surrounding areas of Eastern Europe however as these pressures and the corresponding economic uncertainty subsides IHS predicts stronger growth driven by recovering construction rates, a greater availability of disposable income and the increasing popularity of wireless products and home automation in Western Europe.

The evolution of the smart home and smart security systems has already started to take form across the Atlantic in the US, which is not only increasing the penetration rate/installed base of products but is also increasing the average spend of consumers. The capability to integrate a control panel with the smartphone offers benefits to users such as getting an alert when the alarm is turned off from children getting home from school or the ability to remotely arm the system. This increased functionality has become a key driver of market growth.

In EMEA, energy management remains the leading driver for consumer demand due government incentives and the lure of a financial return on investment for the consumer, security is only a secondary thought in purchasing a home management system.

However in a similar fashion to that of the US market, a number of European MSO’s are beginning to test the water with new smart security offerings, Orange introduced its “Inteligentny Dom” product to Poland in 2013 and its “Homelive” Z-Wave product to France in 2014 while SRF also rolled out its offering “SRF Home” to France in mid-2014. However these companies are still at the “pilot” stage of market entry, Jimmy Dearing, Analyst at IHS believes it could take up to 2 years before there is any significant impact on the residential market.

Researchers also found that there is evidence to suggest that the more traditional suppliers of the European intrusion market are also looking to capitalise on the shift in demand, just under a month ago in London, manufacturers provided Ifsec with a whole range of new building automation and wireless products to showcase. Thermostats, cameras, intercoms, environmental sensors, lighting were all on display as well as brand new technology in the form of wireless photoelectric security detectors.

The entry of MSO’s to the home security space is also expected to speed up the transition towards a greater use of wireless security products; wireless sensor and control panel sales in particular are expected to grow at a faster rate than previously predicted. Significant improvements to battery life, a greater availability of affordable products and increasing labor costs are also facilitating this trend.


Tags

Business News

Photo courtesy of University of Nottingham

University takes initiative in pilot biometrics scheme

in September the University of Nottingham will launch a pilot, using fingerprint technology for student registration at compulsory lectures and exams – 40 fingerprint units and 15 USB enrollment readers will be installed. The fingerprint identification readers are developed by TBS and are fully integrated with Nedap’s AEOS, the university’s current physical access control system. Hunter Communications Services is responsible for the implementation.

Business News

Cyber security vulnerability check list advises on best practice

Farpointe Data has just posted the first radio frequency identification(RFID) Cybersecurity Vulnerability Checklist for access control manufacturers, distributors, integrators and end users to use to protect their access control systems from becoming hacker gateways to their facilities and IT systems. Knowing what to do is especially important now that government agencies, such as the United States Federal Trade Commission, have begun filing lawsuits against businesses that do not provide good cybersecurity practices.

Business News

IoT Security Market worth $29.02 billion by 2022

According to a new market research report on the Internet of Things (IoT) Security Market to 2022, the market is expected to grow from USD 6.62 billion in 2017 to USD 29.02 billion by 2022. The report from Marketsandmarkets covers major IoT security types, such as network security, endpoint security, application security, cloud security, and others. Increasing ransom ware attacks on IoT systems, securing ubiquitous environment, and increasing need for data centric security are the major drivers for the growth of IoT security market.

Product Suppliers
Back to top