Post-COVID-19, Asia's physical security market confronts a challenging landscape.
Post-COVID-19, Asia's physical security market confronts a challenging landscape. The pandemic-induced economic downturn has significantly impacted the region, with countries like Thailand and Vietnam, heavily reliant on tourism, facing slow recovery. This backdrop sets the stage for heightened competition, particularly from cost-effective Chinese alternatives, pushing regional players to reassess their strategies.
Complicating the scenario further are the rapidly advancing technologies in AI and digital security, requiring continuous innovation. Additionally, the sector grapples with diverse regulatory standards across Asia, demanding tailored solutions for varying market needs.
This ...