Memoori identifies 14 companies (Group A Companies, who have revenue over $1Bn) accounting for some $17.95 billion in product revenues in 2018. The inclusion of Hikvision and Dahua and this year Axis Communications has given new impetus to this group and the merger between Thales and Gemalto has produced a new mega Identity Management / Access Control biometrics company. The net effect of this is that this group has significantly increased its contribution and the average sales revenue is $1,282m giving them 57% share of the physical security market.

In the report, Memoori compares the performance of 16 different vertical markets in 2006 with 2018 and this shows there have been some significant changes during the last 10 years. The transport sector has almost doubled its share and at 16% is now the largest vertical. Many new opportunities have opened up, particularly for video surveillance, driven by the threat of terrorism and the need to improve safety and efficiency of traffic movements. Retail is the next largest sector with an 11.5% share. This vertical has shown how convergence with the business enterprise can improve the bottom line and is now regarded as an operational revenue saver by many of the world’s major retail companies.

VSaaS (Video Surveillance as a Service) has at last broken through the $1Bn barrier and is forecast to reach the $1.2Bn sales by the end of this year. Strong growth over the last 12 months has pushed hardware sales up by at least 50% and most forecasts predict demand will grow at a GAGR of 20% to 2023. There are a number of reasons for this. The first is that the supply side has put more effort and investment into providing VSaaS and ACaaS (Access Control as a Service) services and technology has overcome many limitations and reduced service costs. At the same time they are winning over system integrators to adopt cloud services and this has also provided a significant boost to growth.

Access Control is still a much smaller business than Video Surveillance and today is far less competitive, but consolidation is creating a more competitive environment and with it comes the confidence to move forward and take up the challenge of embracing new technologies that will deliver better performing products necessary to continue cranking up demand. If manufactures prefer to continue to be insular and proprietary, it will not be good news for continued growth, for traditional proprietary systems mean limited options for the customer and restricted possibilities for integration and scalability.

According to Memoori’s latest research for 2018, the total value of world production of Physical Security products at factory gate prices in 2018 was $31.55Bn, an increase of 8% on 2017. This is an increase of approx. 1% over the Compound Annual Growth Rate (CAGR) of 6.87% during the last 4 years. Memoori is forecasting the market will reach $51.38Bn by 2023.

Of this, the world market for Video Surveillance products should grow at a CAGR of 13.43% to 2023. The reason for this is the demand for AI Video Analytics that should gradually be taken up over the next 5 years having the potential to add a further $2.3Bn to the video surveillance market in 2023. AI Video Analytics will be the number one game changer over the next 10 years in the video surveillance business, influencing the growth of most products that make up this business.

The developed markets of North America and Europe are losing global market share to Asia and particularly China. This is expected to continue to at least the end of the decade which is bad news for western manufacturers of Video surveillance products because they have failed to establish a solid business base and significant share in China; whilst 2 Chinese manufacturers have sales of more than $5 billion between them and now have the kind of scale that allows them to reduce prices to the levels that most western manufacturers can’t compete against.

There are 4 regions in the world that make up over 80% of the world’s physical security business. Of these Memoori estimates that China accounts for approximately 31%. It estimates China is now the biggest single country market for physical security products having increased its share by almost 50% in the last 7 years. Video surveillance equipment has been the major contributor here. The Chinese market has grown rapidly through a boom in new construction and Safe City projects in the public sector.

Police in the Belgian city of Lokeren can now respond more effectively to criminal incidents – thanks to an upgraded video surveillance solution featuring 120 Sony security cameras including the rugged SNC-VM772R 4K minidome camera.

Like all urban centers, Lokeren faces the challenges of crime, vandalism and antisocial behavior in its streets, public buildings and open areas. Until recently, the municipal police force relied on analog security cameras to assist with detecting and responding promptly to incidents. However, these cameras’ limited resolution and image quality often prevented efforts to prosecute individuals as they could not be successfully identified.

In response to requests from citizens to maximize their safety, Lokeren police chiefs and city politicians pledged to upgrade their video surveillance capabilities. In particular, the urgent need was identified to improve the accurate recognition of suspects caught on camera – an even greater challenge at night or on dull, poorly-lit days.

“There was only one choice when we compared the image quality of Sony’s security cameras against other market-leading brands” states Emiel De Smet of security specialist DS-Consulting. “They offer so much more detail and clarity – and that makes all the difference in critical surveillance applications.”

In particular, the rugged SNC-VM772R 4K minidome camera delivered significantly better images in tough low-light conditions. The camera’s large-sized Exmor R™ CMOS image sensor allows it to capture more light than ordinary sensors. This allows it to ‘see’ suspicious activity clearly in conditions of almost complete darkness, where less sensitive cameras struggle.

Installed by Belgian integrator Seris Technology, the complete surveillance solution features a video management platform by Genetec Security Center plus 120 strategically located Sony cameras, providing 24/7 coverage of city center streets as well as public buildings including Lokeren’s police station, central library and city hall.

The new cameras give police a clearer picture of criminal activity in the city streets, assisting with the positive identification of suspicious persons even at night and in low light conditions. Since the cameras’ installation, city police has seen a reduction in crime levels, accompanied by greater peace of mind for residents and visitors.

The Netherlands, Groenlo, 29th of January 2019
Technology company Nedap has provided physical access control and long-range readers for vehicle identification at the new AZ Zeno medical care center in Knokke-Heist (Belgium) . AZ Zeno, which opened in April 2018, consists of a hospital with rehabilitation center, an outpatient clinic, auditoria, public event space and a heliport. Nedap Identification System and Nedap Security Management have worked together on this extensive project.

Secure yet accessible medical center
It is AZ Zeno’s highest priority to guarantee the security of patients and employees. With Nedap’s TRANSIT long-range identification readers, emergency vehicles get swift access to the hospital’s premises. With AEOS, Nedap provides the medical care center with a complete solution for physical access control, and the system will also be used to manage staff lockers. By combining Nedap’s solutions, AZ Zeno is able to offer both patients and employees the best possible security and accessibility.

Complementary products
AZ Zeno combines functionality and sustainability and respects the rural character of the local landscape. The link between inside and outside and between medical facilities and public spaces is almost seamless. And the center’s sustainable design focuses on its surroundings, ecological energy and the use of reclaimed materials.

Nedap-CEO Ruben Wegman: “We are proud that two of our business units contribute to the security of this exceptional and innovative center and to a better accessibility for its users. The simultaneous implementation of AEOS and TRANSIT is a great example of the complementary character of Nedap’s products.”

To implement the system, Nedap collaborated with partner Electro Enterprise Gullegem.

About Nedap N.V.
High-tech company N.V. Nederlandsche Apparatenfabriek “Nedap” creates high-quality, innovative hardware and software products that enable people to be more productive and successful in their rofessional lives. Nedap N.V. has a workforce of over 680 employees and operates on a global scale. The company was founded in 1929 and has been listed on Euronext Amsterdam since 1947. Its headquarters is located in Groenlo, the Netherlands.

For more information, please contact:
Milou Post
Global Marketing & Communications Manager
Nedap Identification Systems
+31 (0)544 47 11 11
+31 6 81 66 95 41
milou.post@nedap.com
www.nedapidentification.com

Qognify recently signed a definitive agreement to acquire On-Net Surveillance Systems (OnSSI) and the ONSSI company – Seetec GmbH. The transaction was completed on the 28th December 2018.

In bringing these award-winning technology solution portfolios together under one roof – including Qognify Visionhub, ONSSI Ocularis and Seetec Cayuga – Qognify becomes one of the largest VMS, video analytics, PSIM and critical incident management companies in the world. Qognify is backed by global investment firm Battery Ventures.

Also located in Pearl River, New York, ONSSI was founded in 2002 with the goal of developing comprehensive and intelligent IP video management software (VMS). Today, the company has an established presence in more than 100 countries, where its Ocularis and Cayuga VMS solutions are relied upon by education, government, healthcare, manufacturing, retail, public safety, transportation and utilities organizations. With Qognify’s proven pedigree in delivering successful projects for financial services companies, mass-transit infrastructure, large international airports and seaports, as well as smart and safe city projects around the world, the acquisition sees the company establish a dominant global position in both the mid-market and enterprise sectors.

Seetec GmbH is a pioneer of IP video technology and today a leading provider of VMS software in Europe. The Germany-based company was acquired by ONSSI in 2015 and boasts 100 employees, working out of offices across mainland Europe, Dubai, Scandinavia and the UK.

Steve Shine, CEO and President of Qognify states: “ONSSI and Seetec solutions have a deservedly excellent reputation throughout the security sector. This is the perfect time to bring together our collective pool of physical security talent and technologies, to increase the range of target markets we are able to serve. The partnership also greatly increases the number of customers and partners for the combined business. This is a very exciting agreement for all of us.”

Fort Lauderdale, Florida 30^th Jan to 01^st Feb 2019

Matrix Comsec, a leading manufacturer and provider of Security and Telecom solutions, is participating in IT EXPO 2019 at Fort Lauderdale, Florida held on 30^th Jan to 1^st Feb 2019. Matrix will be showcasing its comprehensive range of People Mobility Management, IP Video Surveillance and Unified Communication solutions at the event. Matrix is known for its customer centric, innovative range of solutions for Unified Communications, IP Video Surveillance, Access Control and Time-Attendance applications catering to diverse and complex deployments especially for the SMB, SME and large enterprises.

Matrix will be launching several solutions for SMB at the event

1. Enterprise Video Collaboration solution, SPARSH VP710 that sets a new benchmark by offering enhanced video and voice capabilities.

2. SMB IP-PBX, SPARK100, an all-in-one communication solution with Enterprise grade Unified Communication and Collaboration.

3. Next Generation Door Controller COSEC ARGO for the Access Control market. The new door controller is equipped with features like 3.5” IPS Touchscreen LCD with Gorilla Glass, Powerful Processor for Ultra-fast User identification, Intuitive User Experience, Vandal Resistant (IK08).

Matrix will also be demonstrating seamless integration between Matrix IP Video Surveillance, Access Control and Unified Communications solutions along with Matrix Video Management and Device Management software suite.

Additionally, at this event, Matrix will exhibit its range of Gateways. These gateways allow easy integration with most of IP-PBX, TDM PBX, Softswitch and Hosted solutions. Award winning series of Matrix Gateways are perfect for enterprise and carrier-class solutions for multi-site connectivity and remote survivability while offering superior voice quality and state of the art routing features.

Talk to our solution experts to know more about these unique solutions by visiting Matrix at IT EXPO Fort Lauderdale, Florida from 30^th Jan to 1^st Feb 2019.

About Matrix

Established in 1991, Matrix is a leader in Security and Telecom solutions for modern businesses and enterprises. As an innovative, technology driven and customer focused organization, the company is committed to keep pace with the revolutions in the Security and Telecom industries. With around 40% of its human resources dedicated to the development of new products, Matrix has launched cutting-edge products like Video Surveillance Systems – Video Management System, Network Video Recorder and IP Camera, Access Control and Time-Attendance Systems as well as Telecom Solutions such as Unified Communications, IP-PBX, Universal Gateways, VoIP and GSM Gateways and Communication Endpoints. These solutions are feature-rich, reliable and conform to the international standards. Having global footprints in Asia, Europe, North America, South America and Africa through an extensive network of more than 2,500 channel partners, Matrix ensures that the products serve the needs of its customers faster and longer. Matrix has gained trust and admiration customers representing the entire spectrum of industries. Matrix has won many international awards for its innovative products.

www.MatrixComSec.com

Contact:

Phone: (714) 453-9756

Mobile: (714) 788-1539

shaun.trivedi@matrixcomsec-us.com

Contact:

abhay.Joshi@matrixcomsec.com