26-MARKET SIZE AND GROWTH - took a 15 percent share In 2008...

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MARKET SIZE AND GROWTH According to United States of America- Department of Commerce, in 2008, the overall size of Korea’s security industry, including equipment and services, was estimated to be USD2.1 billion. Provision of security guard services continued to account for over 50 percent of the total security market following by leased and installed security equipment, which accounted for 25 percent of the market. Security devices
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Unformatted text preview: took a 15 percent share. In 2008, the size of the security industry market increased by around 10%. In that year, airports and ports started to replace existing security systems while large private companies showed increasing interest in installing integrated security systems. Despite of the Worldwide economic slump, the security industry is projected to grow by an average of 10 percent per year for the next few years....
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