Global Security Cameras Category - Procurement Market Intelligence Report

  • Published: Mar 2019
  • Pages: 103
  • SKU: IRCMSTR15110
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Key findings: Security cameras

Insights offered in this security cameras market intelligence report will aid buyers in devising the best possible pricing strategies to realize their goals of saving costs during procurement. A comprehensive overview of the supply market including supply chain management and strategic sourcing insights will boost buyers supply market performance to a significant extent.

End-user sectors are deepening their focus on fortifying the security at their premises. With the governing authorities mandating the installation of surveillance systems, the majority of the hotels across the globe are procuring security cameras to reduce the risks of any potential security issue, while also safeguarding their reputation. Airports across the significant economies are installing advanced surveillance cameras with facial recognition, abandoned baggage identification, video analytics, and congestion detection capabilities to alert on any inappropriate activities and improve safety. This is predicted to significantly boost the category spend momentum of the security cameras market. However, buyers need to align their pricing strategies to the increasing costs of input materials such as PCB, marketing expenses, and labor and energy costs. These are amounting to a potentially excess procurement spend for the buyers.

To know more about the year-over-year spend growth rate, download a free sample report.

Insights delivered

Our reports from the components and spares category offer buyers with actionable data on the current and future growth drivers that will influence the category pricing strategies across various geographies. Coverage of the US market, including category spend analysis, pricing outlook, and supplier chain management, among others, is also offered in this security cameras market intelligence report. Additional information includes an analysis of the cost and volume drivers, strategic sourcing insights, and category management strategies.

Our portfolio of reports for the help buyers understand:

  • Global and regional spend potential for security cameras for the period of 2018-2023
  • Pricing strategies and supply chain management objectives
  • Incumbent supplier evaluation metrics
  • Pricing outlook and factors influencing the procurement process

Analyze the global category spend for security cameras

The commercial and industrial end-user segments are accounting for a spend of over $13,100 million on security cameras market by the end of 2025. The substantial growth of these sectors is creating the necessity to focus on obtaining robust workplace security. This requirement is inadvertently propelling the category spend growth rate. Ability to record in high resolution, provision of edge-based video analytics, and H.265 high-efficiency video encoding are resulting in a high adoption rate of IP-based security cameras across BFSI, hotels, and retail sectors. This is further contributing to the category spend growth rate.

For more information on the exact spend growth rate and yearly category spend, download a free sample.

This security cameras market intelligence report offers coverage of:

  • Regional spend dynamism and factors impacting costs
  • Category management objectives
  • Supply chain margins and pricing strategies

 

Optimize category spend for security cameras

Investment in the security cameras market is a costly proposition. Often, to procure the most technologically advanced equipment, buyers end up incurring excess procurement spend. Insights into supply chain management objectives have been proved effective in curtailing excess spend. On that note, this security cameras sourcing and procurement report advises buyers to partner with suppliers that can innovate low-cost intelligent products that can help buyers reduce their OPEX.

This security cameras sourcing and procurement report also offers coverage of:

  • Key category management objectives
  • Supply chain management insights and pricing strategies
  • Category pricing dynamics

 

Assess category spend for the US region

Technological strides made in the security equipment industry such as digital video, audio surveillance, IP-based surveillance systems, and related analytics, coupled with the increasing need for vaults, security cameras, and biometric access devices are driving the category spend momentum in the US. In 2017 alone, the US security cameras market registered a spend of $8.84bn which is expected to increase in the coming years.

Additional information offered in this security cameras market intelligence report will help buyers analyze:

  • Margins of suppliers in the US
  • Category spend in the US
  • Price outlook and forecasts until 2023

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Build strategies for effective supplier selection

One of the critical supply chain management objectives in the security cameras market is to select suppliers based on their promptness in installing and configuring the cameras' IDs with the existing monitoring systems. They are expected to provide the blueprint of the entire operational framework, including network configuration and device locations for any immediate references for technicians at the buyers facility.

This security cameras sourcing and procurement report identifies the major costs incurred by suppliers and provides additional information on:

  • Competitiveness index for suppliers
  • Market favorability index for suppliers
  • Supplier and buyer KPIs

 

Devise effective category management strategies for security cameras

The high-resolution images and videos generated by the security cameras require to be stored in high-capacity storage devices. Such devices must be subjected to timely maintenance to avoid the loss of footage and secure data. Investments on such storage devices and their subsequent maintenance invariably increase buyers procurement spend. Category managers are advised to partner with suppliers that provide cloud storage services for security cameras to aid buyers to reduce their overhead spend.

Key insights offered in this security cameras market intelligence report will help the buyers identify:

  • Risk mitigation strategies
  • Pricing strategies to identify cost-saving opportunities
  • Supplier chain management strategies

 

Determine the spend dynamics for key geographies

The history of terrorist attacks in North America is compelling organizations to invest in sophisticated video surveillance systems. Suppliers in this region are innovating cloud-based surveillance devices to generate high image quality and low power consumption. This is boosting the spend momentum of the security cameras market in the region. The hotel industry in South America is emerging as one of the chief end-users of security cameras because of the influx of tourists in the region. High demand for security cameras systems with embedded video analytics, intelligent video processing, and automatic detection of threat signatures is driving the category adoption in Europe.

Key geographies analyzed in this security cameras market intelligence report include the following:

  • APAC
  • MEA
  • Europe
  • North America
  • South America

Information on the top security cameras suppliers, critical insights into category pricing strategies, supply chain management objectives, and major risks faced while procuring security cameras are offered in this market intelligence report. Download a free sample to access the reports complete scope of coverage.

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PART 01: Executive Summary

PART 02: Market Insights

  • Global category spend
  • Category spend growth
  • Spend segmentation by region
  • Regional spend dynamics
  • Regional influence on global spend
  • Regional spend opportunity for suppliers

PART 03: Category Pricing Insights

  • Pricing outlook
  • Supplier cost structure
  • Outlook for input costs
  • Total cost of ownership analysis
  • Overview of pricing models
  • Comparison of pricing models
  • Supply chain margins
  • Cost drivers impacting pricing
  • Volume drivers impacting pricing

PART 04: Cost-Saving Opportunities

  • Supplier-side levers
  • Buyer-side levers
  • Quantifying cost-saving opportunities
  • Quantifying cost savings by negotiation strategies

PART 05: Best Practices

  • Innovation and success stories
  • Procurement excellence best practices
  • Procurement best practices
  • Sustainability practices

PART 06: Category Ecosystem

  • Market favorability index for suppliers
  • Competitiveness index for suppliers
  • Buyer power
  • Supplier power
  • Threat of new entrants
  • Threat of substitutes
  • Buyer ecosystem
  • Supplier ecosystem

PART 07: Category Management Strategy

  • Category management objectives
  • Supplier and buyer KPIs
  • Outsourcing category management activities
  • Risk management

PART 08: Category Management Enablers

  • Procurement organization
  • Category enablers

PART 09: Suppliers Selection

  • RFx essentials
  • Supplier selection criteria
  • Service level agreement
  • Incumbent supplier evaluation metrics

PART 10: Suppliers Under Coverage

  • Overview
  • Supplier positioning
  • Profile: Motorola
  • Profile: Canon
  • Profile: Bosch
  • Profile: Hikvision
  • Profile: Cisco
  • Profile: Honeywell

PART 11: US Market Insights

  • Category spend in the US
  • Price outlook
  • Supplier cost structure in the US
  • Margins of suppliers in the US
  • Category cost drivers
  • Category volume drivers
  • Overview of best practices in the US
  • Procurement best practices in the US
  • US supply market overview
  • Supplier positioning for the US
  • Regional category risks

PART 12: Category Definition

  • Category hierarchy
  • Category scope
  • Category map

PART 13: Appendix

  • List of abbreviations
  • Key Notes
  • Global category spend (2018-2023)
  • Category spend growth (2018-2023)
  • Regional spend dynamics
  • Regional spend dynamics
  • Comparison of category maturity across regions
  • Regional spend opportunity for suppliers (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Input cost dynamics
  • Total cost of ownership model
  • Benefit comparison of pricing models
  • Pricing models – comparison matrix
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Cost-saving opportunities: Supply-side levers
  • Cost-saving opportunities: Demand-side levers
  • Cost-saving opportunity matrix
  • Negotiation grid
  • Innovation and success stories
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management metrics
  • Strategic sourcing and category management metrics
  • Technology-facilitated procurement metrics
  • Procurement best practices dashboard
  • Sustainability practices: Impact on the category
  • Sustainability best practices
  • Market environment score
  • Market competitiveness score
  • Buyer power score
  • Supplier power score
  • Ease of market entry score
  • Ease of substitution score
  • Buyer ecosystem: Outlook
  • Supplier ecosystem: Outlook
  • Ecosystem disruption threats
  • Key category management objectives
  • Supplier KPI dashboard: Importance for the category
  • Buyer KPI dashboard: Importance for the category
  • Category management enablers
  • Risk management matrix
  • Category enablers: Organization
  • Category enablers: Technology
  • RFx questions
  • Phase I RFI considerations
  • SLA terms
  • Supplier performance benchmarking criteria
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Motorola – Key information dashboard
  • Canon – Key information dashboard
  • Bosch – Key information dashboard
  • Hikvision – Key information dashboard
  • Cisco – Key information dashboard
  • Honeywell – Key information dashboard
  • US category spend (2018-2023)
  • Category pricing dynamics
  • Supplier cost breakup
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management
  • Strategic sourcing and category management
  • Technology-facilitated procurement
  • Procurement best practices dashboard
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Risk management matrix
  • Category definition
  • Category nuances
  • Importance of category relative to other categories

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings

DATA ANALYSIS

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