The Physical Security Industry has undergone significant structural changes in the last 3 years and this has accelerated in 2012 driven by the need to combat the worst trading conditions for decades. The structure of the business has morphed not just to compensate or accommodate; but also to meet and beat challenges and deliver growth. Does Size Matter? Our 2012 Annual Report (http://memoori.com/physical-security-2012) shows that both the middle strata and smaller companies have increased their share of the market. The minnows are taking on the sharks and winning, both through the development of leading edge products and growth through acquisition and alliances. But the main driver is that they are developing innovative products in alliances with their channel partners to deliver products and systems that are transforming the security industry from a cost centre to a cash generator. The major traditional conglomerates have in the past maintained and/or increased their share through acquisition but in […]