A U.S. economic forecast of 2.3 percent growth in real gross domestic product (GDP) bodes well for security businesses to thrive in a healthy economy in 2014. The Conference Board’s 2.3 percent growth prediction for 2014 is higher than its 1.7 estimate for 2013. Globally, both the physical access control and video surveillance markets are forecast to record healthy growth rates this year.
Conference board predictions on housing starts (up 1.16 percent in 2014, compared to 0.92 percent in 2013) and real capital spending (up 4.1 percent in 2014, compared to 2.5 percent growth in 2013) also suggest...