Fifth Annual Security Growth Conference Captures Momentum of Security Industry Investment
02.08.07, 12:26 PM
For the first time, Security Growth Conference's program will incorporate the Enterprise Network Security sector and companies that focus on the IT security integration, consulting and vulnerability assessment markets to reflect the importance of this segment as part of the double-digit growth predicted for the $150 billion security sector.
Source: eon.businesswire.com
THEFT COSTS U.S. BUSINESS OWNERS OVER $41 BILLION ANNUALLY
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Source of Inventory Shrinkage
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% of Loss*
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$ Lost
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Employee Theft
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47%
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$19.5 billion
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Shoplifting
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32%
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$13.3 billion
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Administrative Error
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14%
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$5.8 billion
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Vendor Fraud
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4%
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$1.7 billion
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Total Inventory Shrinkage
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$41.6 billion
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*Other theft $1.3 billion
*Total not equal to 100% due to rounding
Source: National Retail Security Survey, November 2006
(based on 2005 retail sales and inventory shrinkage)
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Study: Almost 42% Growth Seen for Network Video Surveillance
Jan 25, 2007, WELLINGBOROUGH, ENGLAND – “A new market study from IMS Research has found that the world market for network video surveillance products increased by an impressive 41.9 percent in 2006 and is forecast to continue strong growth for years to come. By 2010, the combined market for network cameras, video servers and network video recorders (NVRs) is forecast to exceed $2.6 billion.
Source: topix.net/uk
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“Cameras Everywhere” continues to be the best description of the trend in the Video Surveillance market. Constant concern for increased protection, new technologies that make cameras ever-more useful in observing as well as surveilling, and the rising acceptance of cameras in everyday life are driving this marketplace into an almost limitless future of growth. The technology vectors of Intelligent Video and IP Video are expanding rapidly and changing this analog market into a “smart” digital industry now attracting IT companies with their own video innovations.‘ 2006 J.P. Freeman Co., Inc.
Source: jpfreeman.com
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 Network-based Surveillance & Biometrics Going Strong: Zoom in on Growth
“2005 was certainly an exciting year for players in the video-surveillance domain. Seven out of the top ten players are involved in video surveillance and experienced amazing growth in annual revenue 36.3 percent to 79 percent. Overall, our analysis suggests that the CCTV and surveillance industry had the second highest average revenue growth rate at 23 percent.”
Source: ASMAG.com Global Security Web Report
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