APAC security market poised for growth, learn more at ISC West!

APAC security market poised for growth, learn more at ISC West!
The APAC region has emerged to become a main growth driver for the video surveillance market. According to information released by IHS Markit, the total global professional security market was worth US$15.4 billion in 2016, with Asia responsible for the greater part of this market.

China led in terms of market share, holding around 41 percent of the total global market, followed behind by the Americas (25 percent), EMEA (18 percent) and APAC excluding China (14.9 percent). Other than China, two other Asian countries made the list of the top five countries in terms of market share: Japan and India. Japan holds over a third of the APAC security market (excluding China) and 5 percent of the global pie, while India holds 13 percent of the APAC market and 2 percent of the global market.

IHS also predicts that the APAC region will continue to lead the security market in growth going forward, with countries like China, India, Vietnam, Thailand and Indonesia all expected to grow rapidly in the coming three years.
 
Asian Market Growth, 2016-2021
China 12.4%
Indonesia 10.7%
Vietnam 10.2%
India 10.1%
Thailand 8.7%

A breakdown of the global physical security equipment and services market, presented by IHS, shows that the biggest growth will be in the niche services segment. Traditional video surveillance and access control (which dominate at 52.5 percent and 13.1 percent of the world market respectively) are expected to grow till 2020 at a CAGR of a little over 6 percent. However, niche services, such as cloud-based access control (holding 0.9 percent of the world market), will grow 16.3 percent CAGR. Video analytics, a mere 0.1 percent of the world market, will almost double, with an expected CAGR of 44.7 percent till 2020. This growth in analytics is attributed to growing market confidence and realistic expectations from video analytics. The accuracy in identifying events is improving and consequently there are less false alarms.
 
Another high performing segment is enterprise storage, growing due to the increased use of video surveillance and the demand for longer retention times. The enterprise storage for video surveillance market is estimated at US$1.6 billion USD or 5.6 percent of the world market. It is expected to grow at a CAGR of 17.9 percent till 2020. As such, the storage market is unique as it will deliver both high growth and high revenue.

Would you like to learn more about the Asian market at ISC West?

If you are interested in learning more about the Asian market and will be attending ISC West, you can reach out to our team to schedule a meeting by emailing us at Israel.gogol@newera.messefrankfurt.com.
 
Our company publishes security magazines across Asia and the world and our website (asmag.com) reaches readers across the world. We also organize four security and fire and safety trade shows in Asia (India, Taiwan, Vietnam and Thailand). As such, we are in a unique position to offer manufacturers the opportunity to reach out to channel players and decision makers through both media and live events. Our readers and visitors include distributors, integrators, OEM manufacturers and more, who use our information as part of their decision making process.


 
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