Executive Summary

1. Introduction

2. Size, Structure & Shape of the Business
2.1 Market Size & Forecast to 2016
2.1.1 Market Size & Distribution in 2011
2.1.2 Market Forecast to 2016
2.1.3 Market Penetration by Region
2.2 Structure of the Business
2.3 Market Share

3 Major Growth Drivers
3.1 IP is Key
3.2 From Cost Centre to Cash Generator & On To Convergence?
3.3 Focus has Intensified Competition
3.4 Joining the Horizontal Layers Independently or Through Alliance

4 Predicting the Future of Emerging Technology Drivers
4.1 Wireless Technology
4.2 Video Surveillance as a Service (VSaaS) and Managed Video
4.3 Video Technology, IP Cameras & HDCCTV
4.4 Storage, Standards, Industry Verticals & the Voice of Society
4.5 Security Management Software - Analytics, PSIM & Now PIAM

5 What is Driving Consolidation?
5.1 Internal Strategic Acquisitions
5.2 External Buys - Defense / IT & Communications Related Companies

6 M&A Performance / Valuation 2011 & Forecast to 2016
6.1 The Progress of Consolidation & Outlook to 2016
6.1.1 Consolidation in 2011 Outperforms any Previous Year
6.1.2 Forecast of M&A Business to 2016
6.1.3 M&A Analyzed by Business Segment
6.2 Valuation - Exit Multiples & Drivers
6.2.1 Performance of Exit Multiples 2005 - 2011
6.2.2 Technology & Its Impact on Valuation

7 The Investment Market
7.1 The State of the Investment Business & Exposure to the Security Industry
7.1.1 Impact on the Security Industry
7.2 Investors in the Security Industry & Recipients

8 Identifying Potential Merger & Acquisition Targets
8.1 Potential Acquisition Targets
8.2 Business Opportunities in the Fastest Growth Markets
8.2.1 The IP Video Industry
8.2.2 Security Management Software
8.2.3 Video Surveillance as a Service
8.2.4 Access Control, Biometrics & Identity Authorization
8.3 Strategic Buys Dominate Whilst IPO's Fail To Materialize
8.4 Alliances: The Precursor of Merger & Acquisition
8.5 Will Mergers Play a More Important Role in 2012?

Appendix
A 1.1 - Listing of Venture Capital Companies & Their Security Investments
A 1.2 - Acquisitions & Funding Announced in 2010 / 11
A 1.3 - Potential Acquisition Targets 2010 / 11 121
A 1.4 - World's Major Security & Safety Companies

List of Figures

Fig 2.1 - World Sales of Security Products 2011
Fig 2.2 - World Distribution of Security Products by Major Region 2011
Fig 2.3 - World Sales of Security Products 2008 - 2016 ($bn)
Fig 2.4 - Comparison of Physical Security Penetration by Major Region 2010
Fig 2.5 - Distribution of Sales by Major Grouping by Value 2011
Fig 2.6 - Distribution of Sales by Major Grouping by Number of Companies 2011
Fig 2.7 - Average Revenue for Group A, B, C & D Companies ($m) 2011
Fig 6.1 - Security Deals Completed from 200 to 2011
Fig 6.2 - Forecast of Deals to 2016
Fig 6.3 - Acquisition Valuation Benchmarks 2005 to 2012
Fig 6.4 - Growth through Digital IP Technology
Fig 6.5 - High Value / High Technology
Fig 8.1 - Distribution of Video Surveillance Manufacturers by Country 2011

List of Tables

Table A 1.1 - Listing of Venture Capital Companies & Their Security Investments
Table A 1.2 - Acquisitions & Funding Announced in 2010 / 11
Table A 1.3 - Potential Acquisition Targets 2010 / 11
Table A 1.4 - The World's Major Security & Safety Companies