Will Obama's Election Reduce Demand For Security Products?

Nov 11, 2008 10:37 AM

IP Video Market Info, a provider of and expert in IP video surveillance, has released a special report examining how the election of Sen. Barack Obama impacts the security industry.

The report contends that the U.S. security industry has been in a bubble since 9/11 as the global war on terrorism spurred wasteful spending on security. Obama's election and the change of administrations, the report argues, will significantly reduce the funding and priority of security products.

The report provides specific, quantitative forecasts on growth rates for the U.S. security industry and the government sector. These forecasts can help decision makers better plan for 2009.

"The video surveillance and security industries are heavily driven by global affairs and presidential administration. As such, all industry professionals must carefully assess the impact of this election," says John Honovich, founder of IP Video Market Info. "We hope this report helps our industry better assess and understand how the industry will change in the upcoming months."

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