Global physical security market to hit $404bn this decade
The global physical security market will be worth $404.14 billion by 2028 as factors such as increased corporate spending and rapid adoption of cloud-based data storage advanced analytics boost the market growth. A new report from Research for Markets, which predicts a GAGR of 9.9% from 2020, also cites technological developments in access control and […]
Global access control market to hit $14.43bn by 2025
The global access control market was valued at $8.23 billion in 2019 and is expected to reach $14.43 billion by 2025, representing a CAGR of 9.8% over the forecast period. That’s according to a report from Mordor Intelligence, which says cloud-based access control and video management solutions are in trend. Each access card, fob controller, calendar permission, and […]
IT Security Technology Market to Reach $151.2bn by 2023
The global information security market is expected to report a noticeable upward trend over the next three years, hitting revenue of $151.2 billion by 2023 as the growing range of security threats and requirements forces companies and organisations to intensify their investments in new solutions. According to PreciseSecurity.com research, the information security technology market includes security-related software, hardware, and services. Its […]
German security and investigation industry hit €9.2bn in 2019
The global security and investigation industry continues to experience growth fuelled by increased awareness of safety concerns and consumers’ willingness to spend on solutions – and with nearly 6,000 companies and 180,000 employees providing these types of services, Germany is emerging as one of the most significant European markets in the field. According to a Kryptoszene.de research based […]
Value of Physical Security products at factory gate prices reached $34.3Bn in 2019
The total value of world production of Physical Security products at factory gate prices in 2019 was $34.3Bn, an increase of 8.5% on 2018 whist the compound annual growth rate (CAGR) over the last 5 years has been 7.24%. Over the last 10 years, the market has grown by a CAGR of 6.27%, however, different rates […]
US intrusion detection systems revenue to hit $8.27m by 2023
The revenue generated by Intrusion Detection and Alarms systems in the US is expected to reach $8.27 million by 2023, which would represent an expansion of 91.43% in the next three years. That’s according to a report from PreciseSecurity, which says the sector posted revenues of $4.32 million in 2019. The report asserts that the […]
‘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 […]
Global physical security demand to reach $153 billion by 2026
The global physical security market has been pegged at $78 billion in 2018, and is projected to reach $153 billion by 2026, equivalent to a CAGR of 11% between 2019 an d the end of the forecast period. The study, conducted by Report Consultant, cites increasing demand for security measures against terrorist attacks and for […]
Younger workers most lax on cyber security best practice
Employees over the age of 30 are more likely to adopt cyber security best practice than younger colleagues. That’s according to a new report published by the security division of NTT, ‘Meeting the expectations of a new generation. How the under 30s expect new approaches to cybersecurity’, which also reveals that the younger generation is more […]
Councils not sufficiently protected from cyber crime
Nearly half (49%) of the UK’s local councils have been targeted by a cyber attack since the start of 2017. That’s according to research from insurance broker Gallagher, which says councils where hit by more than 263 million cyber-attacks in the first half of 2019, averaging 800 attacks per hour. The average successful cyber-attack on […]
