Freedonia In The News

Article Title: Demand for security equipment projected to rise 7 percent a year through 2016
By: Rich Miller
Publication: Security Systems News, 5/20/2013
Freedonia Study: World Security Equipment (3005)

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CLEVELAND—Global demand for security equipment will increase 7 percent annually to $117 billion in 2016, driven by a strong rebound in construction activity and advances in electronic security technology, according to a new report from The Freedonia Group. The research company, based here, said electronic products accounted for nearly 65 percent of security equipment sales in 2011, with the segment expected to post much stronger sales gains than mechanical security products through 2016. “Demand will be driven by the ongoing improvements in design that give electronic systems greater functionality, while also making them increasingly user-friendly and cost-effective,” the report stated. “Not only will these improvements help boost market penetration, they will also spur a strong replacement and upgrade market.”
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Article Title: Report: Global demand for security equipment to reach $117B in 2016
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Publication: SecurityInfoWatch, 4/1/2013
Freedonia Study: World Security Equipment (3005)

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According to a new report from Cleveland-based research firm The Freedonia Group, world demand for security equipment is expected to increase 7 percent annually to $117 billion in 2016. The research firm expects the fastest gains to be made in parts of Asia, Eastern Europe, Africa, and the Middle East where security markets are still relatively underdeveloped. The biggest factors anticipated to contribute to the growth of the market include; greater economic growth; new business formation and foreign investment activity; rising urbanization; and growing middle and upper class populations.
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Article Title: World Demand for Security Equipment to Approach US$117 Billion in 2016
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Publication: China Chemical Reporter, 4/3/2013
Freedonia Study: World Security Equipment (3005)

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On April 2, World demand for security equipment will advance 7.0% annually to US$117 billion in 2016. The fastest gains will be in parts of Asia, Eastern Europe, Africa, and the Middle East where security markets are relatively underdeveloped. Gains will be fueled by greater economic growth, new business formation and foreign investment activity, rising urbanization, and growing middle and upper class populations. In general, demand for security equipment is also driven by the real and perceived risks of crime and the belief that public safety measures are insufficient. Electronic security products accounted for nearly 65% of total global security equipment demand in 2011. The commercial and industrial security equipment market accounted for nearly 65% of sales in 2011. These and other trends are presented in World Security Equipment, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
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