Managed security tipped as next success story

Friday, 5 July 2002, 5:47 PM EST

According to research by BMI-TechKnowledge analyst Heini Booysen, the local security industry is worth about R440 million a year, including hardware, software and estimates of services.

Based on global trends, he expects the local security industry to expand at a compound annual rate of 25%. However, with the expected growth in managed services calculated in, the growth will "probably be closer to 30%".

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