The report found the average percentage of revenue derived from recurring sales made a healthy upswing from 10.83% in 2018 to 17.32% in 2020.
A survey conducted by Honeywell also found that 29% of remote workers would quit before returning to a risky worksite.
A study on the economics of security operations centers uncovers increasing management complexity and rising costs, plus anticipated spend on new technologies.
The increase comes during a year that included a global pandemic, calls for social justice and heightened political divisions.
About six in 10 (61%) respondents reported their companies are prioritizing organized retail crime more than they were five years ago.
SSI requests the help of security dealers and systems integrators to gain a better understanding of the role that RMR plays in the success their organizations.
New research from Parks Associates reveals security dealers are offering more services such as video verification, PERS and cybersecurity to compete against the DIY trend.
Physical security leaders report top challenges during the coronavirus pandemic include managing employee and visitor safety.
The security industry should expect a strong deal making environment in 2021, says Tom McConnell, managing director, Capstone Headwaters.
Physical security budgets are expected to increase in 2021, driven by the pandemic, according to the Ontic Center for Protective Intelligence.