Increased and evolving threats ‘heighten demand’ for port security
The shipping industry is responsible for about 90% of global trade by volume – Frost & Sullivan’s recent analysis on the global maritime port security market finds that governments are prioritising the safe and secure transportation of goods to ensure economic stability and growth. The sector is being driven by increased threats to port operations, […]
Security industry ‘will shift to service-based solutionS post-pandemic’
The security industry has ‘tremendous’ investment opportunities despite the economic slowdown witnessed due to COVID-19 and under an ‘aspirational’ forecast scenario is likely to grow at a compound annual growth rate (CAGR) of 4.3% post-pandemic to hit revenue of $140.60 billion by 2025. That’s according to respected research outfit Frost & Sullivan’s recent analysis, Post-Pandemic Growth […]
‘Servistisation models’ becoming commonplace in security industries
Niche security solutions, rapid advancements in technology and budget pressures are all reasons driving the security industry to explore innovative ‘as-a-service’ business models. That’s according to analysis from Frost & Sullivan, which asserts that in the end-user space, new business models such as Screening-as-a-Service, Biometrics-as-a-service, ISR-as-a-Service, and Infrastructure-as-a-Service are all gaining traction. “The ‘servistization’ of the security market is paving […]
