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Frost & Sullivan: IoT, Web Intelligence and Big Data Analytics Set To Transform Global Security Markets

Changing global dynamics are driving security stakeholders to re-evaluate resources and operational requirements to protect against a range of evolving threats, posing increasingly complex challenges specially to governments and across critical infrastructure says a new Frost & Sullivan report.

The analyst believes cybersecurity continues to grow as one of the largest challenges facing both governments and critical infrastructure operators with engagement between industry and key stakeholders critical to better protect from the increasingly complex cyber- threats. In addition, it sees economic and financial instability, as well as political and social unrest, as having brought controversy and insecurity across a number of countries, impacting security decisions worldwide.

In response to these challenges, the analyst believes that it has identified the top five Mega Trends in the security industry that will shape the way in which governments will protect their citizens and critical assets in the future.

These are: rapid development of technologies that allow greater flexibility and security to end users; the emergence of Internet of Things programed in public safety; rapid growth of IP-enabled devices used by law enforcement departments; increased debate on intelligence and privacy, following the soaring terrorism threat levels across the globe; rising use of Web intelligence and Big Data analytics throughout law enforcement.

The analyst also expects constraints on budgets and an increased focus on business efficiency to squeeze security provider prices with a focus on affordable security solutions that show a clear return on investment both for protection and operation. Frost & Sullivan expects the ‘cyber-problem’ will continue with a call for greater collaboration between government and industry, focus in the boardroom, and better cybersecurity hygiene.

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