Top 10 Growth Opportunities in Commercial and Public Security, 2024

Digitalization and New Applications Drive Demand

Digital transformation has been a recurring theme for the commercial and public security industry for more than a decade, and rapid technical developments are not showing any sign of slowing down. All facets of the security operations-including physical security, logical security, identity security, and cybersecurity systems-are digitizing, integrating advanced analytics and intelligence, and creating more proactive responses to threats and attacks.

For 2024, Frost & Sullivan has identified 10 trends that will have a significant effect on security investment and decision-making throughout the year. Key trends such as integrating more digital applications and services, automation and advanced intelligence, and expanding commercial use cases for various security technologies will offer new opportunities for vendors in their respective spaces.

For each trend, Frost & Sullivan has identified how these trends have come to be, and how security operators, vendors, and end users can prepare themselves for these capabilities. This analysis also identifies top Growth Accelerators or vendors who already offer solutions and functionality that capitalize on the identified trends and put them into practice.