in ,

Technavio: Global Smart Security Market to Grow Due to Terrorism Incidents

Technavio: Global Smart Security Market to Grow Due to Terrorism Incidents - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

data graph chartTechnavio projects that the global smart security market will climb in value at a compound annual growth rate of 18 percent through 2019 due to the increasing number of terrorist attacks around the world.

“Terrorism has increased significantly in areas like the Philippines in the last few years, resulting in an increased number of deaths from 2012 [to] 2013,” Technavio Vice President Faisal Ghaus said in a statement released Wednesday.

“This has led to higher demand for smart security solutions.”

Smart security technology includes cloud-based video surveillance systems, perimeter intrusion prevention systems, access control systems and intruder alarms, Technavio said.

According to the company’s latest report, the key vendors in the global smart security market are:

  • Axis Communications
  • Bosch Security Systems
  • Cisco
  • Honeywell Security Group
  • NICE Systems
  • Tyco International

The report also points to uncertain economic conditions as a market challenge.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Anna Forrester

Paul Raleigh to Lead Grant Thornton's Advisory Services Practice; Ed Nusbaum Comments - top government contractors - best government contracting event
Paul Raleigh to Lead Grant Thornton’s Advisory Services Practice; Ed Nusbaum Comments
Elbit Systems Arm to Provide Soldier Systems for Benelux Soldier Modernization Effort - top government contractors - best government contracting event
Elbit Systems Arm to Provide Soldier Systems for Benelux Soldier Modernization Effort