Budgets for Physical Security Equipment Are Increasing for End Users

A survey, completed primarily at the end user management level, solidifies trends seen in many IHS studies over the last 12 months.

05/21/2013


IMS Research (acquired by IHS, Inc.)If the security boom is over then it seems that end users haven’t got the message, with 45% claiming that their security budget had increased during 2012, according to an end-user survey conducted by IMS Research, now part of IHS Inc.

In the survey of almost 200 representatives from end users of physical security equipment across North America, 44% also said that their annual budget exceeded $100,000. Another 20% exceeded $500,000 a year.

“It’s clear that end users are still feeling the risk to their facilities —and that means there’s 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’ve 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 isn’t 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 by manufacturers.

What’s clear is that with the appropriate product and proper support, a growing security equipment market for end users exists for manufacturers to work with. “Budgets either stayed the same or increased last year for those that spent approximately $200,000 and also for 85% of the overall market,” Jenkins noted. “I wouldn’t say that the security boom is over just yet.”



No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
2016 Product of the Year; Diagnose bearing failures; Asset performance management; Testing dust collector performance measures
Safety for 18 years, warehouse maintenance tips, Ethernet and the IIoT, GAMS 2016 recap
2016 Engineering Leaders Under 40; Future vision: Where is manufacturing headed?; Electrical distribution, redefined
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Safety at every angle, Big Data's impact on operations, bridging the skills gap
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Applying network redundancy; Overcoming loop tuning challenges; PID control and networks
Driving motor efficiency; Preventing arc flash in mission critical facilities; Integrating alternative power and existing electrical systems
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role of plant safety and offers advice on best practices.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me