Access Control
& Security Systems

The U.S. physical security equipment markets generated $1.3 billion in 2000, and that figure will increase to $2.4 billion by 2007, according to a new analysis by Frost and Sullivan, a strategic market consulting and training firm.

"Proprietors are expressing the need for both safety and security in a society where theft, vandalism and violence are a constant threat," says Frost and Sullivan analyst Girish Solanki. "Technological advances have spurred competition, making security equipment both cost-effective and reliable."

The study found that CCTV systems remain the driving force behind the security industry, with 80 percent of industry revenue being generated by CCTV.

Frost and Sullivan predicts the interior security market should continue to be the strongest and fastest-growing segment of the physical security industry thanks to technological advances being implemented.

One of the key advances, according to the study, is the shift from conventional magnetic tapes to digital technology. Other advancements, including the reduced size of CCTV cameras, should also contribute to industry growth.

Frost and Sullivan recently presented its 2001 Marketing Engineering Awards, given to companies that make positive contributions to the physical security equipment industry. The winners were the Ademco Group, Syosset, N.Y., Detection Systems Inc., Fairport, N.Y., and Magal Security Systems Ltd., Yahud, Israel.

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