Security Industry `growth Drivers`

Name of the institutionDescribe the three growth drivers and their several(prenominal) implications for the security constancyStudent s nameLecturer s name13th whitethorn 2009IntroductionGrowth in the security exertion is broadly driven by the three computes execration , terrorism and other security threats much(prenominal) as economic growth and development of the security engineering science . These growth drivers have had several implications in the security industry (Chambers , 1983As security attracts outside debt and equity supported by its pixilated run margin and the market value liquidity , crime is often perceived as a key depleting operating dynamic . The increase in the rate of crime crosswise the countries and the fear of terrorism especially 2001 attacks in the U .S has compelled the respective governments to consider safety and security as first priorities and cast in it effectively The expanding of business establishments has become the other major(ip) market for the security systems .

Economic liberalization and development is considered the largest factor contributing to the growth of the security systems industry , with the decrease of prices of electronic systems coming in a close second . The economy growth of the security industry is driven by exports , aspiration , and domestic investments However , to drive the economic growth and alleviate the effects of the export market slowdown , the security industry must initiate investment in infrastructure (Poulin Charles , 2005Disintegration in the market can lead to industry consolidation as consolidators expand their customer bases and enhance product or process offerings . Moreover , the attractiveness of the security...If you want to get a panoptic essay, order it on our website: Orderessay

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