Gallagher Security, the NZ-based global security manufacturer, has released its inaugural Security Industry Trends Report. The report anticipates a transformative year in 2024, predicting a distinct movement away from basic security defenses in favour of innovative solutions.

The report's predictions are informed by an intense year of supply chain disruptions, labour market shifts and worldwide financial uncertainty. Areas of friction, such as the ongoing impacts of the pandemic including increased theft and skills shortages, are seen as drivers behind the forecasted change. With more people understanding the benefits of investing in innovative security solutions, their application could alleviate these pain points.

"The security industry has been moving toward a digital change for years, and from what we've learned from End Users, Channel Partners, and Consultants across the globe, that change is about to take off. 2024 will be a year of escalating transition," states Mark Junge, Chief Executive at Gallagher Security.

As well as enhancing protective measures, Junge asserts that modern security innovations have the potential to significantly contribute to wider business objectives, marking a shift in how they are perceived: "As education around innovative security solutions becomes more widespread, people are increasingly seeing how investing in these technologies can help alleviate pain points, and it's changing how they see the potential of their security solutions."

The Security Industry Trends Report explores the main concerns for End Users, Channel Partners, and Consultants heading into 2024. It provides insights from Gallagher experts on these trends' implications for the future of the security industry. In addition, the report offers important takeaways on a range of key issues:

- The impact of cybersecurity on budgets and spending in 2024
- The priortised integrations by End Users
- How businesses are managing staffing and skills shortages
- The discrepancy between End Users and Channel Partners regarding cloud deployment
- The changing role of data reporting in business security system usage

The Gallagher Security Industry Trends Report, free to download, highlights anticipated trends in the security industry. It gives an in-depth analysis of the direction of the security industry in 2024, providing critical insights to address the challenges presented by the changing landscape.