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Budgets for physical security equipment are increasing for end-users

If the security boom is over then it seems that end users have not got the message, with 45% claiming that their security budget had increased during 2012, according to an end-user survey conducted by IMS Research.

“It is clear that end users are still feeling the risk to their facilities, and that means there is plenty of opportunity for manufacturers of physical security equipment,” said Niall Jenkins, manager for video surveillance and security services research at IHS. “Just having a budget available was actually one of the top two reasons for end users paying to replace or upgrade their systems as well.”

The survey, completed primarily at the end user management level, solidifies trends seen in many IHS studies over the last 12 months. “We have been interviewing physical security equipment manufacturers since 2003, and while growth has slowed in recent years, they are still seeing growth across the different physical security markets,” remarked Jenkins.

Even so, unlocking budgets while also satisfying end users is not without its troubles for manufacturers. One important concern noted by survey respondents was that technology advancements meant that the equipment consumers bought became unsupported too soon.

What is clear is that with the appropriate product and proper support, a growing security equipment market for end users exists for manufacturers to work with.

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