Security industry proves resilient in tough economic times

Memoori report forecasts steady industry growth over the next five years

Memoori expects the overall market to grow at a compound annual growth rate (CAGR) of five percent over the next five years.   

"The security industry is now in a much healthier state with a product portfolio that can deliver more attractive opportunities for their clients to improve security and at the same time profit from it. This together with the unstoppable growth of IP video network and access control coupled with management identification and verification will drive the market forward," McHale wrote.

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