Executive Briefings

Wireless Security Market Predicted to See Huge Growth Rate

The market for managed wireless security services will more than triple in size over the next five years, experiencing a robust, recession-resistant compound annual growth rate of 27 percent for the years 2008-2014, and exceeding $1bn at the end of that period, according to ABI Research.

The wireless security market has major implications for asset tracking, cargo tracking, real-time location, and video surveillance, ABI says.

"The managed wireless security services growth rate is quite dramatic," says vice president Stan Schatt. "It's due to the explosive growth of large WLAN deployments. As these grow, organizations in certain markets ... are finding it more efficient to outsource their security management rather than to do it themselves. That's particularly true of institutions that have many smaller branches without trained IT personnel."

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The market for managed wireless security services will more than triple in size over the next five years, experiencing a robust, recession-resistant compound annual growth rate of 27 percent for the years 2008-2014, and exceeding $1bn at the end of that period, according to ABI Research.

The wireless security market has major implications for asset tracking, cargo tracking, real-time location, and video surveillance, ABI says.

"The managed wireless security services growth rate is quite dramatic," says vice president Stan Schatt. "It's due to the explosive growth of large WLAN deployments. As these grow, organizations in certain markets ... are finding it more efficient to outsource their security management rather than to do it themselves. That's particularly true of institutions that have many smaller branches without trained IT personnel."

Read Full Article