The pandemic has taken a toll on the global economy, affecting various sectors, including security. Amid 2020 revenue declines reported by security companies, certain ones showed strong resilience against the recession. This note examines what their secrets were.
The pandemic has taken a toll on the global economy, affecting various sectors, including security. Amid 2020 revenue declines reported by security companies, certain ones showed strong resilience against the recession. This note examines what their secrets were.
Security has long been dubbed as “recession-resistant,” achieving growth even in the worst of times. Yet in 2020, something unprecedented happened. On Security 50, 28 companies reported 2020 revenue declines while 22 reported growth. For the first time in Security 50 history, companies reporting revenue losses outnumber those reporting growth.
Indeed, the pandemic-triggered global downturn had a lot to do with it. “Clearly, ...
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