Interviews and survey results deliver data on end-user planning, budgeting and buying processes for security products and services. The report reveals that end-users expect to get the most dependable market information from their suppliers and indicates when in the security planning process providers should begin to market to end-users. Survey results note that rapid advances in technology and government directives are driving purchasing decisions, especially in replacing legacy systems.
MARKET REPORT By Richard Chace Security Weathers the Storm THE SECURITY INDUSTRY Association statistically significant evaluation of the after- (SIA), as part of its commitment to deliver- market for security. Adding the aftermarket ing actionable data on the industry recently calculations to the value of products specified produced a one-of-a-kind look at the non-resi- in new and renovation construction provides dential electronic security mar- a reliable estimate of the total size of the elec- k ket in the U.S. The U.S. Security tronic physical security (EPS) market in the Market Report and Economic M U.S. for the products covered in the report. I Impact Study identifies security SIA believes that this estimate reliably defines, market opportunities and end- m without bias, at least 90 percent of the total user buying preferences, while u market for all electronic security product sales providing detailed data on the p in the U.S. size and economic impact of Market data provided by the U.S. Security the electronic security indus- Market Report is further analyzed and matched try in the country. with U.S. government data from the Bureau In crafting the report, SIA of Economic Analysis to estimate the value of used construction specifica- the industry along the distribution chain and tion data to get an unbiased calculate job creation. These data provide a and statistically reliable look valuable tool in high-level business strategies at the security market. A including mergers, acquisitions and financing detailed analysis of security or funding proposals. products specified in new The study also delivers a 10-year economic and renovation construc- forecast for the U.S. as a whole and the EPS tion projects across the U.S. market, in particular, that takes into account “ Revealing these market opportunities gives users of the report an advantage over two years provides a snapshot of where, geo- graphically and by market segment, those
Pages to are hidden for
"Security Weathers the Storm"Please download to view full document