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45% of US Employers Increased Security Budget in 2012

Published by Ellen on May 16, 2013 11:21 AM

Businesses are catching up with America's growing concern for tighter security; in 2012, 45% of U.S. employers reported that their annual security equipment budgets increased during 2012 according to a survey conducted by market research firm IMS Research in late April 2013.

Of these respondents, 44% reported that their annual security budget topped $100,000, while 20% of them allocated $500,000 from their annual budget to security programs and products, demonstrating the indisputable high demand in the industry.

Niall Jenkins, Manager for Video Surveillance and Security Services at IMS, explains why employers may be spending more: "It's clear that end users are still feeling the risk to their facilities' and that means there's plenty of opportunity for manufacturers of physical security equipment: Just having a budget available was actually one of the top two reasons for end users paying to replace or upgrade their systems as well."

To learn more, read the IMS press release