The economic downturn experienced by all nations has led to belt-tightening, budget cuts, and suspended capital projects. For the near term, projects in motion will be completed, but projects planned will be suspended pending revision to company forecasts. Within one-year of the market collapse, crime is expected to increase measurably, and so also will the urgency to complete projects that were perhaps shelved due to economic concerns.
Tight money conditions create incredible opportunities for creative destruction of old paradigms of doing business. Look for disruptive technologies to be introduced into the security markets that displace labor, automate processes, and increase transparency of operations. Look for COTS product integration in Software as a Service (SaaS) security service models such as remote video surveillance, remote vehicle fleet tracking, global supply chain monitoring, and virtual dispatch services.
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