Security

Short Term Prospects for Physical Security Depend Upon Containing COVID19

We has charted the fortunes of the worlds physical security business over the last 12 years. Despite cycles of poor world trading conditions and slow economic growth it has delivered a compound annual growth rare (CAGR) of 6.6%; reaching 8% in its peak year of 2019. Then along came COVID-19. GDP has drastically reduced and in some countries by as much as a 20% in April this year compared with the same month in 2019. How quickly we can get back to normal will depend on how fast we can contain COVID-19. The physical security business will play a significant role in the "new normal" post-COVID but at the same time it poses a huge challenge for the industry. COVID-19 and the resultant lockdown this year has stopped normal business operations and this has stemmed the flow of business. The immediate future depends upon releasing the lockdown and introducing measures to contain COVID-19. Lockdown is […]

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