Aging Populations a Growing Focus of Smart Home Providers, IHS Says
With global populations aging, and with increased pressure for healthcare providers to reduce cost and improve outcomes, the Internet of things [IoT] will play a pivotal role.
With global populations aging, and with increased pressure for healthcare providers to reduce cost and improve outcomes, the Internet of things [IoT] will play a pivotal role.
With computer hacking and other persistent threats on the rise, the North American managed security services market is forecast to be $26.9 billion in 2020
Despite stagnant and slowing construction rates in Europe and China, the global market for mechanical locks and door hardware is expected to continue along a path of steady growth.
IHS projects electromechanical locks to see the most uptake over the next 5-8 years, representing nearly 77% of the total electronic lock market globally this year.
Changing legislation and initiatives such as Next Generation 911 are seen as growth drivers.
That marks a $100 million increase compared to the previous year, according to IHS.
The global video surveillance market was worth an estimated $15 billion in 2014, and is expected to increase more than 10% in 2015, according to IHS.
IHS’ Jon Cropley discusses the issues he thinks most affect the overall security industry and more.
The United States accounts for 65% of the worldwide market for CCTV equipment sold through in-store and online retail channels.
A new report by IHS says the system integration market increased $5 billion in 2013 over the previous year.