Skip to content

South African security technology market primed for investment growth

# The South African Physical Security Industry research study has revealed a promising outlook for the security technology market. Conducted by BMi Research for the Elvey Group, the study indicates that the security industry is primed for growth and offers an attractive investment opportunity. The current market value of 5.84-billion-rand, is estimated to have a growth rate of 8.6-percent from 2022 to 2028. Factors driving this growth include innovative technologies like multifocal sensor cameras, private video surveillance, facial recognition software, and artificial intelligence tools.