Combined product sales grew by 8% during the year with growth in the video surveillance sector achieving 12%. It is the growth in IP video surveillance at around 30% that has made the major contribution and pushed up the demand for security equipment.

Memoori’s report shows that the industry is wringing out more sales and investment dollars than could be expected given the poor trading conditions across the globe. It’s robust performance is not the direct result of increased concern about crime and terrorism but is also due to the fact that the industry is delivering products and services that meet customer value propositions such as increasing productivity and reducing operating costs whilst delivering ROI.

The report also shows that acclimatising to a rapidly changing business environment, reshaped by fast moving technology and new competitors from outside the traditional business leveraging their own expertise, will require clear vision of the present and future business opportunities and skilful implementation of appropriate strategies.

The Physical Security Business in 2013 report is made up of 213 pages with 23 charts and tables, and filters important conclusions, supported with facts, as to what Memoori believes is shaping the future of the security industry.