Obama Budget to Shrink US Security Industry: Obama’s budget blueprint is out and it’s clear that security/defense spending is a top target for cuts. The total cuts are projected to be over 1.5 Trillion USD – a massive negative impact.
Economic/Industry Conditions Deteriorating: It’s becoming increasingly clear that the economy is hurting the industry. Worse, as we examine this week, it is likely that the negative impact will deepen over the next year. As current projects are completed and new budgets are issued, expect further tightening of the security technology market.
Megapixel as Key Technology to Overcome Recession: Growth will be tough but megapixel is the best offering to help spur business. As we examine this week, the hard cost cutting ability of megapixel will be very attractive to business looking to save money on new projects.
On-line Video Demos: With cost cutting on the front of people’s minds, this week we examined and showcased the benefits of 7 very well executed on-line demos of video surveillance products. Such demos look to be a nice compliment to traditional media.