This marks the 16th year that a&s has released its Security 50 ranking. Over the past 16 years, a&s has reported on both the security industry’s most glorious and challenging times, along with its annual rankings.This marks the 16th year that a&s has released its Security 50 ranking. Over the past 16 years, a&s has reported on both the security industry’s most glorious and challenging times, along with its annual rankings. In the years following the 9/11 terrorist attacks in 2001, the industry almost reached its highest growth. However, there was only moderate growth from 2007 to 2009, during the great recession in the U.S. and then Europe. At present, the global security industry, especially the video surveillance segment, has maintained an average growth of 7 to 9 percent every year, according to the analysis of multiple researchers.
In this year’s Security 50 ranking, we recognize the achievements of video surveillance companies, such as Hikvision Digital Technology, Dahua Technology, Axis Communications, Avigilon, Milestone Systems and VIVOTEK, who were able to maintain double-digit growth and gross margins in 2017 despite the huge pressure from camera price reductions year after year. Because of their continuous efforts in creating solutions and providing value-added services for multiple vertical users, we can foresee their substantial growth in the future. Next, we can probably expect AI to reinvigorate growth and create another peak period for security.
The growth forecast for access control companies remains strong with continued demand from office buildings, hotels and homes, as well as a strong push from technology trends — notably the migration from mechanical to electronic locks, mobile keys, and the integration of access control systems with other systems to manage physical and also digital access. The Security 50 ranking also shows that multinational conglomerates, like Assa Abloy and Allegion, have also maintained their organic growth in 2016 and 2017.
Finally, we would like to point out that certain companies were not able to participate in this year’s ranking due to multiple factors. The a&s editorial team has tried its best to provide the most complete ranking possible. We hope the ranking can provide marketers a quick overview of the current global security industry. We urge readers not to overinterpret the figures, but rather focus on how the top 50 companies were able to stand out from the market.
We thank all the companies that were willing to share their financial reports with us. Enjoy the rankings!