Story perspectives

U.S. Security Industry Grows Amid Digital Crime Concerns

1/24/2025

33 4

Summary

Story summary

The U.S. security industry expanded by 6.8% in 2024, totaling $125.39 billion.
High private equity interest is fueled by digital transformation and recurring revenue models.
Significant acquisitions, such as Honeywell's $4.9 billion buy of Carrier's Global Access Solutions, indicate market consolidation.
Canada's financial intelligence agency alerts that online betting may facilitate fentanyl profit laundering.
Organized crime utilizes digital gambling to obscure illegal funds, hindering opioid crisis response efforts.

1 of 1

Story summary

The U.S. security industry expanded by 6.8% in 2024, totaling $125.39 billion.
High private equity interest is fueled by digital transformation and recurring revenue models.
Significant acquisitions, such as Honeywell's $4.9 billion buy of Carrier's Global Access Solutions, indicate market consolidation.
Canada's financial intelligence agency alerts that online betting may facilitate fentanyl profit laundering.
Organized crime utilizes digital gambling to obscure illegal funds, hindering opioid crisis response efforts.