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Security industry benefits from greater public sector spending & market growth despite fears of economic stagnation

Overall 2015 has been a year of increased public sector spending (as the UK economy continues to emerge from the recession), which has been highly beneficial to the security industry. This trend has been particularly evident in the healthcare and education sectors, which are key markets for TDSi.

Nobody could have predicted the significant number of international security and terrorism threats this year. Undoubtedly this will result in even closer ties among the security industry, police and security services moving forward, as everyone looks to further enhance public safety.

Sales growth in Asia and Middle East

All the signs for 2016 are that the protection offered by physical and cyber security will become even more entwined. The growth in Big Data and The Internet of Things means data centres need greater security than ever before. Security systems that cater to this need (such as physical server access control) are set to become a key security offering in 2016. 

TDSi has seen a particularly significant growth in our sales in Asia during 2015 – up by 33%. Despite recent fears over possible economic stagnation, we have seen very solid growth in the region, which is reflected in the optimism of our customers and partners. The Middle East has also proven to be a very strong growth market with the UK security market also showing very positive signs of growth.

Increased investment of construction industry

When it comes to physical security, the increased investment and growth of the construction industry is a prime driver and is helping to expand the market in new projects. This is becoming particularly evident in the UK’s biggest cities, where new construction and a healthy amount of domestic (as well as international) investment funding is driving the market demand.

The emergence of systems integration (such as The Internet of Things) will increase the demand for security solutions that integrate with and protect these growing IP networks. In an ever-uncertain world, security will always be a prime consideration, and the security industry is working hard to ensure the highest levels of service for customers and users alike.

See the full coverage of 2015/2016 Review and Forecast articles here

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