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INSIGHTS

Threats, smart city projects continue to drive Asia growth

Threats, smart city projects continue to drive Asia growth
Like North America, 2017 was also a growth year in the Asia Pacific region due to several factors, including government and private investments amid concerns over physical and cyber threats. A move towards intelligence, as seen in smart city and smart retail initiatives across the region, is also noticeable as users invest in products and solution to boost security as well as operational efficiency.
Like North America, 2017 was also a growth year in the Asia Pacific region due to several factors, including government and private investments amid concerns over physical and cyber threats. A move towards intelligence, as seen in smart city and smart retail initiatives across the region, is also noticeable as users invest in products and solution to boost security as well as operational efficiency.
 
China remains the biggest market not just in Asia but in the world, accounting for 29 percent of the world’s total security equipment sales in 2016, and the figure is expected to grow to 38 percent by 2021, according to IHS Markit. But elsewhere in the region, growth is pretty significant too, primarily drive...


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