GIT SECURITY News November


Dear Reader,

when I look back at the first months of 2016 in our industry, my impression is that access control market is rapidly gaining pace fuelled by new product introductions, innovation and integration.

One has to be very careful with market studies, but the recent study published by Memoori states that the total value of world production of physical security products at factory gate prices in 2016 was US-Dollar 28,44 billion, an increase of 4.5% on 2015. Over the last 5 years the market has grown by a compound annual growth rate of 8.2% showing a significant fall in growth over the last 2 years. While the fall in growth is supposed to be caused by price erosion mainly in the video surveillance market, the study confirms that access control was the fastest growing sector at around 10%.

The message is clear. If you want to grow, you need to innovate, develop high-end products, deliver world-class service and invest in marketing.

Best regards

Heiko Baumgartner for GIT's safety and security team




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