Growth Opportunities for the Global Security Industry

Frost & Sullivan’s security practice area covers a wide variety of solutions and technologies associated with commercial and public security as well as cybersecurity. Some of the markets studied under these two sectors include identity access management, endpoint protection, biometric solutions, border security, and managed security services.

In this study, Frost & Sullivan discusses growth opportunities for the security industry in the coming year. The outlook covers themes relevant to both commercial and public security as well as cybersecurity, with cloud migration, threat landscape evolution, and convergence among the key trends impacting both areas.

As the threat landscape continues to evolve in 2023, the sophistication of attacks will intensify the security challenge for people, technology, and processes, the tripartite system of security needed to protect business-critical data and infrastructure. Frost & Sullivan expects a positive outlook for the security industry, as organizations increasingly recognize security features and solutions as business enablers, especially in the post-pandemic world.

Author: Adrian Drozd