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European Security Convergence Market
Frost & Sullivan, July 2009, Pages: 60
The study discuss the challenges and the drivers for a full converged market to be in place, giving qualitative analysis of the trends in the market as well as analyzing the market sizing and how the market for integrated and converged solutions is evolving both from a technological and a competitive perspective.
This Frost & Sullivan research service titled European Security Convergence Market provides a comprehensive market overview, revenue forecasts and a competitive market analysis of credential and infrastructure convergence for the European market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: smart cards, video surveillance and access control.
Market Overview
Increasing Demand for Secure Identity Management and Automated Emergency Procedures to Promote the Convergence of Physical and Logical Security
In Europe, the use of smart cards for both physical and logical access, video content analysis for the automation of emergency procedures and the integration of building management systems with security systems are some of the applications driving the growth of the convergence market in both the government and commercial space.
'Efficient allocation of security resources requires a risk-based approach and greater transparency related to security strategy,' notes Matia Grossi, the analyst of this research. 'On the one hand, the economic recession is accelerating the process for increased efficiency, on the other, commercial and government sectors alike are slowing down reorganisations or technology migrations, which are likely to involve large capital expenditure (CAPEX).'
There are many benefits that the convergence of physical and logical security brings to an organisation, starting with enhanced security for different types of assets (both intellectual and physical) to greater efficiency and operation savings brought about by single-point provisioning of multiple systems/applications and also immediate savings due to shared infrastructure like cabling.
A fully converged system can also offer advantages in terms of operational efficiency. However, in the current economic situation, companies are curbing all non-essential spending, and this represents a major challenge to stronger growth in the market in 2009. 'A fully integrated/converged system requires direct access to all the security systems, information sources and databases; direct access to all the applications ' remarks Grossi. 'In order to have full functional integration of different physical and logical security systems, databases and technologies involved, there needs to be adherence to specific regulations, standards and protocols' Ensuring all this is a costly exercise, and as the benefits are still uncertain (in terms of return on
investments), companies are putting a halt on them until the economy has recovered.
The first security or IT company or set of companies to develop a fully functional converged platform will enjoy a strong competitive edge in the market.
Technologies
The following technologies are covered in this research:
- Smart cards
- Video surveillance
- Access control
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