The security bubble is burst. With the election of Obama, US demand for security products will drop significantly as subsidies for security technology are reduced and global tensions are eased. This will place significant pressure on businesses to justify the real ROI of security technology and it will contribute to falling industry growth. Read the report at: http://ipvideomarket.info/
Here is the forecast:
* Expect many, if not most, US projects in development to be put on hold until February 2009 (after the inauguration)
* Expect 2009 US spending on government related security technology to drop by 10% - 20% relative to 2008. This include direct military spending as well as homeland security and municipal projects funded by government grants.
* Expect overall US security demand to drop by 4% to 8% (given the large impact government has on overall security spending).
* Expect some reductions in global demand as other countries reduce their perceived need for anti-terrorism security measures.
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