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How Home Automation Changed the Residential Security Market

Research firm IHS predicts that the smart residential security market will reach $2.4 billion by 2018.


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The global radio frequency identification (RFID) sector will reach $7.88 billion in 2013, up from last year’s $6.98 billion due to the diverse nature of the technology’s applications, according to IDTechEx Research. October 21, 2013

Analysts expect the global security market to grow from $55.59 billion in 2013 to $85.51 billion in 2018, a 9% increase, according to a new report from Research and Markets. October 21, 2013

The influx of high-definition (HD) video cameras has sparked an “extraordinary deluge of data” in the surveillance business, according to research firm IHS. October 15, 2013

Airports worldwide are seeking to deploy automation technology for security and access control in an effort to cut costs, according to a report by IHS. October 15, 2013

Analysts expect un-cooled thermal security camera shipments to grow 25% within the next five years, due to the steep declines in average selling prices, according to IHS. October 07, 2013

Fueled by a global industry for physical security equipment and services estimated to be worth $110 billion in 2012, some industry analysts have predicted that manufacturers would consolidate as the market matures. Not so according to a new report from research firm IHS, which instead predicts competition will drive the market and cause the industry to become more fragmented. October 02, 2013

About 5 million broadband households in the U.S. —or about 10% — considered purchasing a home security system within the past year but ultimately didn't get one, according to new research from Parks Associates. September 26, 2013

The Americas contributed to 70% of all revenue in the global mobile video surveillance equipment market in 2012, with the majority coming from North America, according to new research from IHS. September 19, 2013

Close to four in five security directors/managers are looking to spend more money on security, with 76% of that group considering new or upgraded systems. However, SSI’s ninth Commercial End-User Study also indicates funding is more of an impediment, equipment costs and reliability are of greater concern, and integrator IT know-how is lagging.  By Scott Goldfine · September 08, 2013

According to a new report by ASIS Int'l and the Institute of Finance and Management, private sector spending makes up the bulk of the market, bringing in $282 billion, while federal government spending accounts for $69 billion of the industry. August 12, 2013


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