Report: Major challenges on the horizon for security manufacturers – SecurityInfoWatch

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 (CAGR) of 6.41 percent and Memoori forecasts the market will reach $41.27 billion in 2022, growing at a CAGR of 7.2 percent. (read more)

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