The research found that the video surveillance sector held the largest proportion with over half of the total sales at 54% and $15 billion, whilst the intruder alarm and access control sectors were almost neck and neck, with intruder at 23.5% and $6.4 billion, and access control with only 1 percentage point less at 22.5%, and $6.13 billion.

The report forecasts that growth in total security equipment sales will edge up to 8% in 2016 and will reach $42 billion by 2020. The access control market has maintained its growth of 10% in 2015 and Memoori analysts expect steady progress going forward with little competition from Chinese products currently on the horizon.

Towards the end of the decade Memoori predicts that the Internet of Things in Buildings (BIoT) will kick in providing further growth. Integration across all three sectors of the industry has proved to be a cost effective proposition but not the ideal solution. BIoT should make convergence with the Business Enterprise and integration with other Building Automation Services a practical proposition.

The report Continued strong growth in China should concern Western manufacturers of video surveillance products because they have failed to penetrate and establish a solid business in this market; which is now the largest single market for video surveillance equipment. In addition two local manufacturers now have sales of more than $3 billion between them and have the kind of scale that will allow them to reduce prices to levels most western manufacturers can not compete with.

Within its 252 pages and 26 charts and tables, the report filters out all the key facts and draws conclusions, in order for the reader to understand exactly what is shaping the future of the Global Physical Security Market.