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Global Security Industry to be Powered by Rising Need for Niche Security Solutions and Rapid Advancements in Technology


Global Security Industry to be Powered by Rising Need for Niche Security Solutions and Rapid Advancements in Technology
SANTA CLARA, Calif., March 16, 2021 /PRNewswire/ Frost & Sullivan s recent analysis
, Digitization and Advanced Analytics Power the Global Security Industry, finds that threats posed by the proliferation of unmanned aerial systems (UAS), frictionless borders, and integrated border stations will expand this industry worldwide. Segmented into three categories-
critical national infrastructure (CNI), public safety, and
border security-this market is estimated to garner $230.79 billion in revenues by 2030 from $172.4 billion in 2020, an uptick of 3%. Public safety will lead the growth, securing 72.8% market share and generating the highest revenue as the pandemic has led disaster and emergency management forces to spend significantly on situational awareness systems. ....

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