Press Release: Memoori : Global Physical Security Product Sales Will Reach $34.3Bn in 2019, Estimates Memoori Research

STOCKHOLM--(BUSINESS WIRE)-- #IoT--A new report from Memoori shows that total value of world production of Physical Security products at factory gate prices in 2019 was $34.3Bn, an increase of 8.5%. Of the 3 product categories covered in the report, video surveillance had the highest rate of growth at 9.7% over the last 3 years and accounts for 56% of world sales. Western manufacturers have competed better against Chinese competition this year, but they still have little possibility of penetrating the