Financial results for the major manufacturers of security products in the last quarter of 2013 and first quarter of 2014 show a steady growth in revenues and profitability. There is also confidence to forecast that this trend will continue for the rest of 2014. Few are forecasting growth rates much above double figures through organic growth. Only those that are intending to grow faster through acquisition or have annual revenues below $100m, are predicting growth above that. Sifting through their annual reports there is little to find about major new innovative products that will allow them to rapidly increase market share; but a steady flow of incremental improvements showing that product performance will improve to meet customer needs. Our recent annual report on the Security Business showed that the first 3 quarters of 2013 well outperformed what most stakeholders had forecast; despite setbacks in economic fortunes in the western developed world. In the first 3 […]