These are issues that require concerted, collective and consistent action at the highest level of governments and multi-national corporations.
According to Frost & Sullivan’s senior consultant Anthony Leather, complex changing global dynamics are forcing security stakeholders, that’s everyone, to re-evaluate resources and operational requirements to protect citizens and critical assets against a range of evolving threats.
Economic and financial instability, as well as political and social unrest make cyber security one of the largest challenges facing both governments and critical infrastructure operators today.
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Frost & Sullivan has identified the five trends in the security industry that will shape the way in which governments will protect their citizens and critical assets in the future.”
1. The rapid development of technologies that allow greater flexibility and security to end users, providing a more predictive and proactive approach of security procedures.
Emerging trends will include unmanned aerial systems, the Internet of Things and wearable devices in public safety and intelligent security solutions.
2. The emergence of Internet of Things programmes in public safety. There will be a rapid growth of IP enabled devices used by law enforcement departments.
4G LTE connected devices used by officers, in vehicles and within surveillance systems, is expected growth at over 13% until 2024.
3. The increased debate on intelligence and privacy, following the soaring terrorism threat levels across the globe.
The rising concern about privacy laws and technologically sophisticated terrorism networks will also eclipse the backlash against the National Security Agency (NSA) and protection of personal data.
4. The rising use of Web intelligence and Big Data analytics throughout law enforcement.
Constraints on budgets and an increased focus on business efficiency will squeeze security provider prices with a focus on affordable security solutions that show a clear return on investment both for protection and operation.
The cyber problem will continue with a call for greater collaboration between government and industry, focus in the boardroom, and better cyber security hygiene.
5. The continuous growth of investments in critical infrastructure security, as legacy systems are replaced with newer technology.
Highlights include the growth of airport and mass transport infrastructure in Asia Pacific, an expected investment growth of 8% into border security, and strong investment in cyber solutions in banking and finance over the coming years.”