In 2015, the growth of the global security systems integration market had fallen from the previous year. In 2016 though, the market bounced back to higher rates, boosted by recovering demand after the economic gloom.
In 2015, the growth of the global security systems integration market had fallen from the previous year. In 2016 though, the market bounced back to higher rates, boosted by recovering demand after the economic gloom. IHS Markit estimates the global market for security systems integration to grow from US$60.3 billion in 2015 to $75.7 billion in 2020, which is an increase at a CAGR of 4.6 percent. The Americas generated revenue of $22.3 billion and $23 billion in 2015 and 2016 respectively, and this is expected to expand at 2.7 percent to 2020.
Growth in the Western markets
Confirming IHS’ findings on the pickup in o...