LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Security Cameras Category - Procurement Market Intelligence Report.
Strict mandates issued on the installation of surveillance systems is compelling leading end-user sectors such as the hotel industry and airports to invest in security cameras. In terms of category spend, the commercial and industrial end-user segments together are expected to invest over USD 13,100 million on security cameras market by the end of 2025. However, the increasing costs of input materials such as PCB, marketing expenses, and labor and energy costs will create hurdles for buyers to devise stable pricing strategies for this market. Download the Free Sample of this security cameras market intelligence report to get expert’s recommendations on designing sustainable and cost-effective pricing strategies for this market.
The security cameras market in the US registered a spend of USD 8.84bn in 2017 which is expected to increase in the coming years. This category spend growth rate is credited to the innovations done in the security equipment industry such as digital video, audio surveillance, IP-based surveillance systems, and related analytics. 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.
This security cameras sourcing and procurement report highlights the best category pricing strategies to facilitate a cost-effective procurement. A holistic category overview offered in this report also includes information on the pricing models, supply chain management, supplier cost structure, and category management insights. Not what you are looking for? Request for personalization of this security cameras market intelligence report.
“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,” says SpendEdge procurement expert Tridib Bora.
This security cameras market intelligence report has estimated that the following cost drivers will influence the category growth in the following years:
- Increase in adoption of IP-based cameras will drive category spend
- Raw material and tax changes have a high impact on the prices of the category
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SpendEdge’s procurement market intelligence reports for the components and spares category provide detailed supply market forecasts, pricing strategies, supply chain management insights, and information on cost drivers that impact category growth. Such information will help procurement managers as well as the suppliers to determine the total cost of ownership and change their procurement strategies accordingly. Additionally, SpendEdge’s reports provide category management insights and information on the procurement best practices for the category.
Report scope snapshot: Security cameras
US market insights
- Supply chain management objectives in the US
- Margins of suppliers in the US
- Category pricing strategies
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Best practices
- Procurement excellence best practices
- Procurement best practices
- Sustainability practices
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Category ecosystem
- Competitiveness index for suppliers
- Buyer and supplier power score
- Supply chain management and pricing strategies insights across various regions
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