Technology is Playing a Key Role in Security Industry Development

The security industry is in the midst of a paradigm shift where technology is playing a key role in industry development. Certain highlighted factors are driving demand:

  • An increased need for security solutions customized to a specific customer segment or individual customer
  • The private security market continues to grow as the public sector is recognizing gains from outsourcing security responsibility for work presently performed by the police or other authorities
  • Increased security awareness among private firms and public sector authorities, as well as an understanding of potential losses due to not prioritizing security
  • Increased cost of manpower means efforts are made to improve operating margins through higher level of electronic security in security solutions and value-added services
  • Cost consciousness requires  security companies to be efficient, well managed and innovative in its operations
  • Customer requirements and expectations on sustainability and transparency are increasing throughout the sector 

Read more about opportunities for growth in a challenging market in our Annual Report 2015

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