Leveraging insights from independent research, surveys, focus groups and top sessions at the Securing New Ground (SNG) conference, Security Megatrends, an annual publication of the Security Industry Association (SIA), provides analysis on 10 top trends affecting security industry businesses and practitioners. Released in December 2022, the 2023 Security Megatrends report presents a forecast for the security industry’s future and breaks down the top trends that will impact you and your organization in the coming year.

In the 2023 report, cybersecurity and artificial intelligence (AI) took the No. 1 and No. 2 spots respectively, while workforce development jumped up to a No. 3 ranking. In the 2022 report, the rankings of cybersecurity and AI were reversed, though still holding the top two points. New trends appearing for 2023 include ethical/safe use of data and technology, changing economic conditions, elimination of industry’s boundaries, autonomous devices and the proliferation of sensors.

In addition to the rankings, the full 2023 Security Megatrends report provides data and statistics on such topics as data privacy, artificial intelligence R&D investments, public cloud growth, hiring trends, costs of data breaches, hiring trends, post-pandemic sales volume, growth in recurring monthly revenue/subscription revenue by security companies and more data points that help tell the story of today’s industry and forecast where the industry will be tomorrow.

The 2023 Security Megatrends are:

• Cybersecurity and Physical Security
• Artificial Intelligence
• Workforce Development
• Changing Economic Conditions
• Ethical/Safe Use of Data and Technology
• Elimination of Industry’s Boundaries
• Security as a Service
• Supply Chain Assurance
• Autonomous Devices
• Proliferation of Sensors

In addition to the rankings, key insights you will find in the 2023 SIA Security Megatrends report include:

• How changing economic conditions might change security industry business models
• What percentage of businesses are planning to increase cybersecurity expenditures
• How often cybersecurity of physical security solutions is made into a discussion with potential customers
• How vendors/manufacturers rank their R&D investments in AI
• How the talent shortage is impacting security companies’ ability to grow revenues
• How CEO confidence compares to the historical trendline
• How security businesses sales demand has recovered compared to pre-pandemic levels
• What the top three factors are that security industry executives believe will most impact their growth in 2023
• How often data privacy is a discussion with customers

To download the report, visit securityindustry.org/report/security-megatrends-the-2023-vision-for-the-security-industry/