| Companies embracing new cloud-based technologies will be among the winners, those with legacy business models will struggle |
Vision Security Technologies 2014/2015 Review & Forecast
The year 2014 was somewhat flat due to a still recovering economy and building industry in our Southern region of the United States. We saw a greater expectation for higher quality video surveillance throughout the mid-market sector. Vision Security Technologies also saw an increase in campus and workplace violence, which created a heightened baseline for the entire security industry.
Managed services is a notable trend looking ahead to 2015. Customers are looking for a lower cost of entry and to outsource the management of a variety of systems. Companies embracing new cloud-based technologies will be among the winners, and those stuck with legacy business models will struggle.
While the security industry is not immune to the economy, there will always be a consistent demand to protect people and property. To be successful, companies will need to identify untapped mid- and small-level opportunities that need continued maintenance or that need to implement enhanced security systems.
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