Despite almost two years of challenges and uncertainty posed by the COVID-19 pandemic, the global physical security market has demonstrated a remarkable degree of resilience. The pandemic is reshaping the industry, turbo-charging certain emerging business models, whilst it also continues to make our societies safer; not just from the pandemic but also from crime and terrorism. Our latest analysis of world sales of physical security products at factory gate prices indicates that they have bounced back strongly in 2021 versus 2020, growing to over $33.8 Bn and maintaining robust growth of nearly 7.2% CAGR over the next 5 years to 2026. “We expect the physical security industry to grow 11.9% year-on-year for 2021, rising above the highs hit back in 2019. Beyond this, the companies that have adapted their offerings to exploit the ways in which the world of work has changed have done well,” says Owen Kell, Senior Security and IoT Research Associate at Memoori. “Thermal camera sales […]