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Report: Major challenges on the horizon for security manufacturers

from Security Info Watch

Memoori's 2017 annual report shows that the total value of physical security products at factory gate prices in 2017 was $29.2 billion, an increase of approximately 5 percent over 2016. This is a decline in growth from its peak in 2014 but an increase over the last two years. Over the last eight years the market has grown by a compound annual growth rate of 6.41 percent and Memoori forecasts the market will reach $41.27 billion in 2022, growing at a CAGR of 7.2 percent. more


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