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FINANCIAL NEWS
Mideast physical security spend to jump 36 percent
13 Jan 2016
(MENAFN) Middle East physical security market spending predicted to surge 36 percent this year to USD 5.2bn compared to USD 3.8bn of last year.
Accordingly, infrastructure investment united with better growth fuels need for equipment to save critical assets and people.
Physical security solutions like intruder alarms, video surveillance, electronic locks and door alarms are in high demand; while Internet of Things (IOT) is in grow.
In addition, the intensity of investment expected to top over the next two years toward 2020, when spending on physical security will reach USD 10.2bn, including 10 pct of the global market.
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As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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