Budgets for Physical Security Equipment are Increasing for End Users

Budgets for Physical Security Equipment are Increasing for End Users

If the security boom is over, then it seems that end users haven’t got the message. According to an end-user Budgets for Physical Security Equipment are Increasing for End Userssurvey conducted by IMS Research, now part of IHS Inc., 45 percent claim that their security budget had increased during 2012

In the survey of almost 200 representatives, from end users of physical security equipment, across North America, 44 percent also said that their annual budget exceeded $100,000. Another 20 percent 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 percent of the overall market,” Jenkins noted. “I wouldn’t say that the security boom is over just yet.”

Featured

New Products

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • HD2055 Modular Barricade

    Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation.

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.