The global financial crisis and ensuing recession in 2008/2009 shook the security industry and shattered the myth that the industry is immune to the ups and downs of economic cycles. The security industry used to be largely driven by infrastructural projects and government investments, and the austerity measures in the U.S. and E.U. in the aftermath meant slashed budgets or frozen/postponed projects. With matured economies at a standstill, all eyes are on emerging regions such as Latin America, Africa, the Middle East, Eastern Europe and Asia. As 2012 is almost behind us, the focus should now be on the year ahead. a&s sums up the storms in 2012 and peeks into the possible trends and prospects of clear skies in the upcoming year.
The global financial crisis and ensuing recession in 2008/2009 shook the security industry and shattered the myth that the industry is immune to the ups and downs of economic cycles. The security industry used to be largely driven by infrastructural projects and government investments, and the austerity measures in the U.S. and E.U. in the aftermath meant slashed budgets or frozen/postponed projects. With matured economies at a standstill, all eyes are on emerging regions such as Latin America, Africa, the Middle East, Eastern Europe and Asia. As 2012 is almost behind us, the focus should now be on the year ahead. a&s sums up the storms in 2012 and peeks into the possible trends and prospects of clear skies in the upcoming ...