Asian markets begin 2016 on a high note

The Asian security industry begins 2016 on a high note. Several of its emerging economies are on the right track toward development, there is an increasing awareness among end users about the need for strong security solutions, and there are several new technologies on the horizon that could spearhead demand.

Market researchers don’t differ in their opinions either. A report from MarketsandMarkets projects the global physical Security Market to grow from US$65.4 billion in 2015 to $105.3 billion by 2020, at a CAGR of 10 percent from 2015 to 2020. Another report from the same research firm places Asia as the main driver behind this growth.

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