Security Becoming Less of a Luxury Security Management (08/14) Gips, Michael Security spending has seen significant growth since 2011, with healthy growth projected in both operational and IT security through 2017. An upcoming survey and report prepared by ASIS International and the Institute of Finance and Management, called “The United States Security Industry: Size and Scope, Insights, Trends, and Data, 2014-2017,” updates the original 2012 ASIS/IOFM survey. Private-sector spending jumped from $282 million in 2012 to $319 billion in 2013 to a projected $341 billion in 2014. Data drawn from surveys of 479 security end users, manufacturers, and service providers, predicts $377 billion in private-sector security spending in 2015, another 10 percent year-over-year increase. Most spending growth is driven by smaller firms with revenues of $1 million to $10 million. Operational security budgets for such businesses are expected to increase 17 percent from 2013 to 2015, with IT security expected to grow by 15 percent in the same period. Spending will include video surveillance, access control, alarm monitoring, IT security software, consulting services, employee screening, training, perimeter protection, and systems maintenance.
Posted on: Sun, 31 Aug 2014 16:20:14 +0000
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