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Home > Business/Finance > Diversified Services > General Business Services
U.S. Security Systems Services Markets
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Research Overview
The Frost & Sullivan research service titled United States Security Systems Services Markets provides market analysis, revenue forecasts across verticals, and an analysis of competitive structure. In this study, Frost & Sullivan's expert analysts thoroughly examine the following markets: government, education, corporate and high technology, commercial and banking, healthcare, as well as residential.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Government
- Education
- Corporate and high technology
- Commercial and banking
- Healthcare
- Residential
Technologies
The following technologies are covered in this research:
- Video surveillance
- IP surveillance
- Access control
- Intrusion alarms
Market Overview
Paradigm Shift in the Security Systems Services Market Expected to Increase Uptake of Security Applications
The evolution of security applications into integrated systems is mitigating the high cost of deployment. "These integrated systems that ride on a network reduce hardware and cabling costs and lower the final cost of deployment significantly," according to the analysts of this study. "System integrators are catering to the growing importance of services that support security systems, thereby altering their value proposition."
As the market shifts towards providing services, design and development are fast becoming major aspects of systems development. An intrinsic part of the business for integrators is the need to keep their systems abreast of changing trends as they now work with a software-centric technology that rides on end customers’ networks.
Convergence - A Boon to the Security Systems Services Market
The convergence of security applications in a network environment provides a clear picture of the return on investment (ROI). Until recently, the security and surveillance market was focused on selling products rather than offering services. Therefore, maintenance contracts were viewed as a necessary inconvenience offered in order to maintain a strong relationship with customers. However, this convergence has resulted in additional changes to the acquisition process.
"Prior to convergence, organizations’ justification for this large capital expense was its ability to control access to facilities," explain the analysts. "The shift to services and convergence in a network environment is expected to emphasize on ROI which in turn is expected to push sales, drive growth, and increase revenues."
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