The global market for security robotics will grow at a compound annual rate of 20 percent over the next five years to reach a total market value of $2.8 billion by 2023, according to an IDC Market Spotlight report titled, “Extending the Capabilities of Human Security Officers With Modern Robotics,” written by John Santagate, research director, service robots for IDC.
The G20 summit is coming to Argentina on Friday, and this could mean big news for the security industry, as President Donald Trump and Chinese leader Xi Jinping are expected to meet regarding the ongoing trade war between the two countries.
Cyber security is the number one new megatrend shaping the industry, according to the Security Industry Association’s (SIA) yearly report defining the major trends and forces at play in the global security industry. By nearly 30 percentage points, industry leaders said cyber security’s impact on physical security solutions was the greatest they were expecting to face in 2019.
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