World Security Market to Reach $74 Billion By 2008

A strong global economy and a recovery in the construction industry will create demand for security products, according to a study by the Freedonia Group. Inc., a Cleveland-based industrial market research firm.

Higher-end electronic systems like closed-circuit television, access controls, and contraband detection devices will post the largest gain due to fewer penetrated markets, rapid new product development, and dropping prices.

The fastest growth is anticipated in the worl

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