Tag: compound annual growth rate (CAGR)
Wavelynx expands into the United Kingdom and Ireland
February 6, 2025SSN Staff
LONDON—Wavelynx Technologies, a provider of secure and versatile reader and credential solutions, has expanded its global reach into the United Kingdom (UK) and Ireland to support increasing demand for modern security solutions.
This strategic move comes as the company scales its operations to ensure that all customers have access to interoperable solutions that align with the growing need for advanced security across sectors such as commercial real estate, hospitality,...
Managed security services market worth $49.6 billion by 2027, report says
November 15, 2022SSN Staff
CHICAGO – An exclusive report by MarketsandMarkets has predicted the growth of the managed security services market to an estimated $49.6 billion by 2027.
The research firm expects the growth from $27.7 billion in 2022 at a compound annual growth rate (CAGR) of 12.3 percent. Conjecture as to factors driving the market growth include an increased use of cloud-based technology and IoT devices in enterprises, as well as a growing demand for cost-effective security services to monitor security...