The global security market is poised to expand at a compound annual growth rate (CAGR) of 6.81% over 2018–2025. Cybersecurity is the most crucial technology segment that is projected to grow at a faster rate than the overall security market, achieving a CAGR of 9.20% over the same period. An inevitable need for advanced security solutions to contain geopolitical instability, rising crime-terror nexus through prison-based radicalization, border conflicts, evolving business models and digital transformation will mark the growth of the security industry. The global security industry is going through a massive digital transformation through inclusion of artificial intelligence (AI), Internet of Things (IoT), and Blockchain technologies in security operations.

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