Security Market

In the past, security programmes would be implemented to secure assets from leaving the premises, today, security efforts are also focused on what’s incoming: intruders with malicious intent. As high-tech crime gangs integrate once stand-alone technologies to launch blended threats that attack both your virtual and physical perimeter, security officers must anticipate these attacks by already integrating security solutions.

The global security industry is often organized into 17 sectors ranging from computer security to guard services. This industry is worth over $100 billion dollars. Though fragmented, security companies are those engaged in the protection of assets and prevention of loss. Traditionally, security companies would provide stand alone services. The industry is rapidly reorganizing to reflect the blended threats to our physical and virtual borders. For example, according to Lehman Brothers, the security system integration segment is tipped to see 15 % annual growth through 2008. Worldwide mergers and acquisitions activity in this market reached over $260 billion dollars in December 2004.

Analysts predict unabated and vigorous spending on security related products and services by governments and businesses. Many governments around the world are actively legislating on national security laws and increasing spending on security. The United Kingdom signed into law its Anti-terrorism, Crime and Security Act in 2001 (ATCSA) and the US Department of Homeland Security increased its 2005 budget to $40.2 billion. A 9.9% increase from 2004.

The security industry is characterised by fragmentation and convergence. The market reflects worldwide concern over security. Security solutions have transcended national borders. The merger and acquisitions activity reflects both the growing global marketplace and industry convergence. Currently, there are no conferences that reflect and respond to this global and dynamic trend.