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 buyer’s 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.
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
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 buyer’s 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 buyer’s 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:
- 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 report’s complete scope of coverage.