Gallagher Security has announced the release of its first ever Security Industry Trends Report, which the company says paints a larger picture of transition on the horizon in 2024.

Following a turbulent year in which supply chain disruptions, labor market shifts and global financial uncertainty continued to rock the security industry, Gallagher says that its Security Industry Trends Report predicts that the defining trend of 2024 will be an increasing speed of transition away from basic defenses to innovative solutions, a charge led by current global 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,” said Chief Executive, Mark Junge.

“2024 will be a year of escalating transition. The main points of friction are the lingering aftershocks from the pandemic, such as increases in theft, skills shortages and supply chain disruptions.

“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 to protect and to significantly contribute to wider business objectives.”

Key takeaways

According to Gallagher, some of the main points from the report include:

• How cybersecurity is affecting budgets and spend going into 2024
• The key integrations end users are prioritizing
• How businesses are dealing with staffing and skills shortages
• Why end users and channel partners are at odds with cloud deployment
• The ways in which data reporting is changing how businesses use security systems

Gallagher’s Security Industry Trends Report is free to download and can be accessed by clicking here.