ESA Members Look To IP Security, Mobile Devices For Growth In Next Two Years
In a recent study, members of the ESA said they are looking to IP-based security, alternative alarm signal transmission, the control and monitoring of security systems by mobile devices and IT integration to be the leading growth categories in the next two years.
Announced last week at the ESA Leadership Summit (not during the extra-long elevator ride at the Summit Extravaganza,) members said they averaged a 1.7 percent increase in revenue during 2010, a good sign for positive industry growth.
As far as the growth areas, more than 66 percent of members who responded to the survey say the use of alternative alarm signal transmission to grow more than 10 percent over the next two years. Mobile device control was next with 49 percent and IT/network integration and IP-based security tied with 46 percent.
Hosted video and video surveillance for non-security applications clocked in a 41 and 34 percent, respectively.
Concerning products, the members said video surveillance, electronic access control, fire detection and intrusion detection are expected to be the four categories with the most annual growth in the next two years.
“It is clear from the Megatrends study that the industry needs to look beyond just traditional security services,” said Alex Dunn, chief operating officer of APX Alarm. “We understand that there is nothing more vulnerable than established entrenched success. Consumers want more. They want security combined with energy management services and the convenience of home automation -- all in one. It is great to work with an industry association like the ESA who understands these important trends.”
The complete report can be found here.
Posted by Brent Dirks on Jan 25, 2011