The International Monetary Fund has cut global growth forecasts twice since April 2012. Despite widespread economic woes, security is keeping its momentum in certain regions, with APAC being particularly noteworthy given its game-changing population, rich natural resources and urgent needs for both public and private infrastructures.
The International Monetary Fund has cut global growth forecasts twice since April 2012. Despite widespread economic woes, security is keeping its momentum in certain regions, with APAC being particularly noteworthy given its game-changing population, rich natural resources and urgent needs for both public and private infrastructures.
The total size of the world's security equipment market at factory gate prices in 2012 was US$20.6 billion, according to Memoori Business Intelligence. Video surveillance products accounted for 49 percent at $10 billion, of which Asia dominated with roughly 48 percent of the market share. According to several research bodies, APAC is the fastest growing market for surveillance- and securit...