The Malaysian physical security market is experiencing a significant surge, with an estimated CAGR of 14.53 percent projected for the period 2024-2032.
The Malaysian physical security market is experiencing a significant surge, with an estimated CAGR of 14.53 percent projected for the period 2024-2032, according to analysts. This rapid expansion is driven by a confluence of urbanization, government initiatives, and technological advancements.
For physical security systems integrators, understanding these trends and the evolving landscape is crucial to capitalize on the opportunities and navigate the challenges ahead.
Urbanization and smart cities: catalysts for growth
Malaysia's physical security market is largely fueled by the country's ongoing urbanization. As more people move to urban centers, the need for robust public ...