During the recession of 2008 and 2009, the physical, electronic security sector was hit pretty badly. For example, the residential vertical typically relies heavily upon new constructions, so it was inevitable that things slumped in 2008 and 2009, said Ryosuke Miwa, GM for Integral Surveillance Activation, Security Business Division, Optex. "But things have been gradually getting better since 2010. In fact, we've been having double-digit growth for the last two years."
During the recession of 2008 and 2009, the physical, electronic security sector was hit pretty badly. For example, the residential vertical typically relies heavily upon new constructions, so it was inevitable that things slumped in 2008 and 2009, said Ryosuke Miwa, GM for Integral Surveillance Activation, Security Business Division, Optex. "But things have been gradually getting better since 2010. In fact, we've been having double-digit growth for the last two years."
One big driver for growth is backlogged demand. Many end users have put brakes on projects for the last four years because of budgetary issues, and systems that would have been upgraded had there not been a serious recession are now even older and in need...