The security systems market is expected to continue growing in the coming years, driven by factors such as increasing urbanization, rising crime rates, and growing demand for advanced security systems. Companies in this sector are likely to continue investing in R&D to stay competitive and meet the growing demand for advanced security solutions. Cybersecurity threats will continue to be a major concern, and businesses will need to invest in robust cybersecurity measures to protect their networks and data from cyber-attacks and data breaches. Tech Systems Inc. and IP Systems Inc. have been able to adapt to the changing conditions and find new ways to create revenue and RMR through service programs and managed services, with cybersecurity, IoT, and cloud adoption having the greatest impact on their businesses in 2023.
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