As the world becomes an increasingly more uncertain place in which to live, the demand rises for security products, services and solutions which protect people, property and buildings. Despite the grim economic climate then, the security market can predict continuous growth over the next four years.
The size of the global security market is difficult to define, but Gunnebo estimates it be somewhere around 1,300 million euros.
This figure also includes areas where Gunnebo is not active today - such as guarding and cash in transit services. The American reedonia report published in 2008 stated that the global security market is expected to increase by 8 per cent per year up till 2012.
Factors driving market growth include the increased standard of living and urban engineering projects within larger cities contributing to increased crime. Another driving factor is the increased threat of terrorism.