Report: Integrated offerings meet commercial security needs

Sep 16, 2003 12:00 PM

The commercial end-user security market generated revenues worth $14.15 billion in 2002 and is likely to reach $29.36 billion in 2009, research firm Frost and Sullivan reports.

Non-traditional offerings such as consulting services, systems integration, and broadband along with sophisticated products, which include biometrics and intelligent video software are several reasons for the projected rise.

Manufacturers are buoyed by the rising demand for state-of-the-art surveillance equipment and security services since the terrorist attacks and increasing instances of workplace violence, corporate espionage and employee theft.

Industrial end-users continue to be the largest revenue generators while the financial and healthcare sectors are rapidly growing to become attractive markets.

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