Security Journal Americas: Matt Barnette in Special Influencers Edition
February 5, 2024
President and CEO of PSA Matt Barnette was named one of Security Journal Americas' special influencers. Read the full article to find out what vertical markets Matt predicts will be the most dependable investments for security companies during challenging economic conditions.
2023 saw an influx of merger and acquisition activity in the security industry and money typically floods into industries that are considered good bets. However, the economy and geopolitical issues make the outlook for 2024 a little murky. While there are signs in North America that the economy will improve, these changes take time to matriculate through the economy before the effects can be felt at the integrator and security manufacturer level.
The US economic outlook is influenced by various factors and it's important to consider both the positive and challenging aspects. Positively, as we head into 2024, data shows consumers are resilient with strong spending, a healthy labor market with low unemployment and government investment in manufacturing and infrastructure leading to more jobs and demand for goods and services.
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