- The Future of Security: Frost & Sullivan webinar on 16 April 2013, 15.00 p.m. BST, will discuss opportunities within the industry
LONDON, April 9, 2013 /PRNewswire/ -- Economic instability, tremendous technological shifts, increasing levels of threats from terrorism and the impact of a borderless Internet-driven world is driving the need for a focus on security for our lives, freedom, identity and infrastructure. Despite defence budget constraints governments are facing, the security industry still offers growth opportunities, especially for integrators and system suppliers.
During the upcoming Frost & Sullivan webinar "The Evolution of Converged Threats to Drive Investments in Security", taking place on Tuesday, 16 April 2013, at 15.00 p.m. BST, Principal Consultant Balaji Srimoolanathan will discuss the convergence of threats and their impact on technology evolution, give insights on technologies that will see the greatest adoption in the future, as well as identify the geographic markets that will offer the most opportunities.
"In the 21st century threats to our lives, identities and freedoms come from more sources than ever before; from terrorists to hackers and overzealous governments. Individual and collective focus on security is expected to be one of the top trends shaping our private and public life in the next 20 years," observes Balaji Srimoolanathan.
Security is a major trend in today's world, affecting governments, business and people. Global security markets are highly fragmented, have unique market characteristics and are experiencing an increased convergence of technology and suppliers. Also the thought process of end users is shifting, who increasingly see security as an enabler to raise situational awareness, achieve business efficiencies and mitigate business risks. However, suppliers still have a huge role to play in educating end users about the advantages and benefits of having security.
"Frost & Sullivan conservatively estimates that the global civil security spending is expected to grow from $140 billion in 2012 to over $200 billion by 2020. Growth in the security market comes at a time, when there are declining defence budgets and austerity measures across many other industries, thereby offering adjacencies and opportunities for integrators and system suppliers alike," observes Mr. Srimoolanathan.
"The increasing complexities in managing both physical and cyber threats is driving the need to converge technologies and their capabilities in order to plug the gap left by the traditional security apparatus. There is also a tremendous change in the way security is now done proactively compared to the traditional reactive approach" he adds.
This complimentary webinar will benefit security system integrators and security equipment manufacturers by presenting emerging trends and providing insights into key opportunities and challenges in the security market.
If you would like to participate in the webinar, please email Joanna Lewandowska, Corporate Communications, at Joanna.email@example.com, with your full contact details. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
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