LONDON, April 22 /PRNewswire/ --
The current economic slow down and fear of recession have resulted in restricted budgetary allocations for intrusion detection in commercial as well as residential sectors across Europe. However, the need for security and falling prices will sustain demand for wireless-based intrusion detection systems across Europe.
New analysis from Frost Sullivan (http://www.autoid.frost.com) Opportunities in the European Intrusion Detection Systems Markets, finds that the market earned revenues of euro 1,088.1 million in 2007 and estimates this to reach euro 1,271.6 million by 2014. The commercial and residential application sectors are covered in the research.
IP-based alarm transmission and wireless solutions will pave the way for future growth in the intrusion detection systems market, notes Frost Sullivan Senior Research Analyst Archana Rao. Declining prices and heightened awareness about the benefits of wireless systems are supporting wider adoption levels and changing the end-user perceptions for these systems.
Wireless systems, combined with IP-based alarm transmission, have made tremendous inroads into the residential sector. The widespread presence of broadband, coupled with greater awareness, has improved the acceptance of wireless intrusion systems across Europe.
However, the prevailing economic downturn and a negative construction outlook have resulted in a tightening of security spending budgets of both commercial and residential end-users. Archana Rao comments: Market maturity, combined with the economic recession is making price the key differentiating factor among suppliers in the marketplace.
Despite the current challenges, the outlook for the market is optimistic. The basic need for security to address crime during periods of recession will maintain a steady source of revenue for intrusion systems manufacturers. Rao concludes by saying: Companies offering better value for money through technologically advanced features and greater end-user and channel support will survive the recession.
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Opportunities in the European Intrusion Detection Systems Markets is part of the Automatic Identification Security Growth Partnership Service programme, which also includes research in the following markets: European Access Control Equipment Markets, North American Integrated Security Software Management Systems Markets, North American Network Video Surveillance Camera Market, Physical Security Solutions in Banking Finance and Physical Security Solutions in Retail. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
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Opportunities in the European Intrusion Detection Systems Markets M321 Contact: Joanna Lewandowska Corporate Communications - Europe P: +48-22-390-41-46 E: firstname.lastname@example.org
Joanna Lewandowska, Corporate Communications - Europe of Frost Sullivan, +48-22-390-41-46, email@example.com / Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO