Security industry set for further growth in 2016.

2016 – The security market is set for another year of growth a number of industry experts. Increased spending is expected in many market segments across the globe, namely North America, Europe, and APAC, due to economic expansion and a need to protect citizens against criminal activities and threats. Amid these trends, security will only see its role become more significant in a world that greatly needs it.

The growth throughout Europe is expected to be moderate, with the World Bank forecasting a 1.8 percent growth. Like North America, the continent is also at a vulnerable position to criminal activities. The terrorist attacks in Paris in November last year all but underscored the kind of threats that Europeans live with each day. With security budgets expected to remain tight in the midst of economic uncertainty, how to use them will optimally become a key concern.

For the Middle East, an increase in security spending is expected as well. Countries such as the United Arab Emirates see a combination of growth factors, including higher demands for security, increased spending power, and with the migration from analog systems to IP this will continue. The U.A.E. continues to be an area with significant development potential. It is a highly entrepreneurial market with further growth. With a buoyant construction industry, the number of buildings that require access control, CCTV is rising, creating opportunities for many security solutions companies.