The global market for physical security products is strong, advises SecurityInfoWatch. Strong, but unbalanced. “Western manufacturers have competed better against Chinese competition this year, but they still have little possibility of penetrating the Chinese public sector business. China is by far the largest single market, probably accounting for 35% to 40% of world demand for video surveillance,” the biggest growth category.
“Access control was expected to deliver slightly higher growth than the 8.2% Memoori had estimated in 2019,” the post continues. “It now accounts for 24% of world sales.”
There’s more detail in the post, especially on “The China Challenge.” But ours is a security-conscious world.