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Security as a Service Market to Be Worth $1.5B by 2020, Technavio Says

The Americas dominated the global Security as a Service market in 2015, capturing 65% of the overall market share.


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Demand for electronic security products in the United States is projected to rise 7% annually through 2019 to $16.2 billion, according to a Report Buyer report. Mobile monitoring will boost demand for alarms and access control systems will see strong gains as well. IP connected systems and home automation systems will promote growth as well. SSI Staff · November 24, 2015

The DIY Home Automation market is expected to reach $21.3 billion by 2020 at a CAGR of 37.9% between 2015 and 2020, according to a new market research report. An increasing desire of the consumer for convenience connectivity, safety & security and the low cost of DIY systems are the major drivers for the market. SSI Staff · November 23, 2015

A new Parks Associates report finds smart home offerings have helped revitalize the residential security industry, as the number of households with monitored security rose over 15% in the past two calendar years. SSI Staff · November 23, 2015

Smart home technology will make an impact on the lives of half of people internationally in the next few years, according to new GfK research. Among the other options were 3D printing, augmented/virtual reality, Internet of Things and wearables. SSI Staff · November 12, 2015

A majority of security system professionals (68%) expect to complete at least one acquisition within the next year, according to a Capital One survey. The survey was conducted at Honeywell Connect 2015. SSI Staff · November 10, 2015

The industry forecast states that North America leads the global home automation market and is likely to remain in the top spot through 2020. SSI Staff · October 20, 2015

The video surveillance segment led the global physical security market in 2012 with a market share of 72%, according to the report. SSI Staff · October 20, 2015

A research report projects the transportation segment will account for nearly 36% of the global CCTV market by 2019. SSI Staff · October 16, 2015

Research firm Markets and Markets projects a compound annual growth rate (CAGR) of 22.41% from 2015 to 2020. SSI Staff · October 14, 2015

Nearly 88% of devices tested were vulnerable to at least one of the 11 wide scale security flaws discovered in the last five years. SSI Staff · October 14, 2015




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