Even before the pandemic, the security industry was staring down the barrel of a future fraught with workforce development challenges. Now even more acute, leaders from across the industry discuss how they are maneuvering to overcome talent shortages, become more diverse, adopt hybrid workplace models, among other challenges to remain viable.
Market indicators that place the electronic security industry on a robust growth trajectory in a post-pandemic world are manifold. From mass shootings to a rise in terrorist attacks, chronic vandalism and cyber threats, the need to protect people, property and infrastructure has never been greater. Extensive deployment of advanced technologies across numerous verticals is helping end users not just meet their security goals and requirements, but achieve essential business efficiencies as well.
Demand for these products and integrated systems will remain high for the foreseeable future. Far more difficult to ascertain is whether or not the industry’s ecosystem of service providers and suppliers will conquer the one pervasive threat that could derail all that long-term momentum. No, the alpha villain is not supply chain chaos. Even more ominous to the industry realizing its full potential is the scarcity of talent.