The security system integration market continues to grow
According to data from last year, the market turnover of integration security systems amounted to more than $ 60 billion. Sales continue to grow. According to analysts, by 2020 the figure will be at least 75 billion. The turnover increases by about 4.5% per year. The information is provided by IHS Markit, which is competent in this matter.
Key growth is expected in the field of equipment installation, support, maintenance, and system design. This segment will grow faster, with volumes growing by at least 5.4% annually. From the figure of 14 billion until 2020, the figure will grow to 19 billion dollars.
Previously, most companies based their work on providing one-time services to a client, but now it is increasingly possible to find a model with a monthly subscription fee. Splitting the payment into several parts is attractive to the customer, it helps him to make a choice in favor of installing an electronic security system at his facility. Technical support and related services have become the main source of income for a number of companies, without which their activities would not have been able to take on the scale of today. The constant contact of the company's representative with the client increases the chances of ordering additional services in the future.