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INSIGHTS

Security 50: Infra, smart city projects propel Asia security growth

Security 50: Infra, smart city projects propel Asia security growth
The Asia security market has performed quite well in 2022. While growth varies by region, most markets enjoyed double-digit growth, which had largely to do with government initiatives on infrastructure and smart city.
The Asia security market has performed quite well in 2022. While growth varies by region, most markets enjoyed double-digit growth, which had largely to do with government initiatives on infrastructure and smart city.
 
Overall, the Asian economy had a good 2022. According to the International Monetary Fund, Asia as a whole is expected to see GDP growth of 4.9 percent in 2022. Within the region, advanced Asian economies are expected to grow an average 2.7 percent, while emerging markets are expected to grow 5.4 percent, IMF said.
 
This, then, has contributed positively to security in markets across the region. "After a couple of slower years during the pandemic, the security market picke...


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