Military drone market will surge to $17 billion by 2027
The military drone market is projected to grow from $12 billion in 2022 to $17 billion by 2027, representing a CAGR of 7.3% over the duration of the forecast period. Research analysts MarketsandMarkets attribute the growth to surging investment in development and procurement of modern military solution to enhance defence forces capabilities. Moreover, the increasing […]
Boom predicted for perimeter security
The Global Perimeter Security Market size has been estimated at $49.81 billion for 2021, $54.82 billion in 2022, and is projected to grow at a CAGR of 10.32% to reach $89.82 billion by 2027. A new analysis by boffins at ResearchAndMarkets has produced the following key takeaways:- Drivers Growing Adoption of Latest Techniques Such as […]
Physical security market size to grow by $62.75bn
The potential growth difference for the physical security market between 2021 and 2026 is $62.75 billion, as per the latest market analysis report by Technavio. The market is anticipated to witness an accelerating growth momentum at a CAGR of 9.4%. The analysts at Technavio have categorised the global physical security market as a part of the global IT consulting […]
Latest physical security research pegs market at $193bn by 2030
The physical security market size was valued at $104.6 billion in 2020, and is estimated to reach $192.9 billion by 2030, growing at a CAGR of 6.5% from 2021 to 2030. That’s according to the latest report from Allied Research. In terms of industry vertical, IT and telecom segment holds the largest physical security market […]
Things looking up for video surveillance market
The global video surveillance market grew 16.4% in 2021 as restrictions on movement due to the COVID-19 pandemic eased, with shipments of cameras and related equipment growing as pent-up demand was served. Data from a Novaira Insights report, “The world market for video surveillance hardware and software”, shows that there was also a shortage of components used for […]
60% of firms optimistic about cloud sovereignty innovation and collaboration
Cloud sovereignty is increasingly becoming a priority for organizations looking for secure, innovative, and scalable solutions to manage their data, according to Capgemini Research Institute’s latest report, “The journey to cloud sovereignty: Assessing cloud potential to drive transformation and build trust”. The report finds that cloud sovereignty adoption is primarily driven by regulation and organizations’ […]
85% of disabled consumers say they haven’t requested additional support from firms
More than three-quarters of disabled consumers have not shared their support needs with businesses and organisations when accessing essential services, according to the latest research from Experian. Some 85% of disabled consumers and those with support needs said they had not explained to their bank or building society how they could be better supported when […]
Functional safety market to reach $8.9bn by 2030
According to the recent study published by P&S Intelligence, the functional safety market accounted for $4,839.2 million revenue in 2021, which is set to reach $8,990.6 million by 2030, growing at a 7.1% CAGR between 2021 and 2030. The report categorises the functional safety concept is applicable to a variety of businesses where modern technology […]
Global physical security market to hit $195.6bn by 2030
Market Research Future (MRFR) asserts that global demand for physical security is poised to reach $195.6bn by 2030, equivalent to a 6.7% CAGR throughout the forecast period (2021–2030). The reports points out that the physical security market’s competitive landscape is ‘enormous and tense’, with new competitors quickly entering the market and existing players making massive investments. With […]
‘Advancement needed’ for digital transformation of physical security
Physical security budgets and optimistic outlooks are up along with interest in/adoption of digital and collaborative system design technologies, but similar challenges plague system integrators and enterprise security professionals year over year. That’s according to the second consecutive Physical Security Industry Benchmark commissioned by System Surveyor, based on a survey administered in late 2021 More than […]
