IHS report says the system integration market increased $5 billion in 2013 over the previous year. Revenue is expected to continue growing in excess of 9% through 2018.
The world market for security system integration was valued at $59.5 billion in 2013, an increase of almost $5 billion from 2012, according to a new report from IHS.
The security system integration market consists of the design, consultancy, installation, service and maintenance, as well as sales of video surveillance, physical access control and intrusion alarm equipment. Revenue is expected to continue growing in excess of 9% through 2018, according to the research firm.
One trend integrators have been eyeing closely recently is Security as a Service (SaaS), whether it be Video Surveillance as a Service (VSaaS), or Access Control as a Service (ACaaS), writes Bremner. Both offer promising opportunities for integrators to expand their recurring monthly revenue (RMR), while simultaneously getting closer to the end customer. This model also allows integrators to increase the value they bring to the table, and lets them be seen as working together with their customers as partners.
Article Published By CE Pro Editors on CE Pro, October 30, 2014
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