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Changing Dynamics of the Physical Security Industry
Frost & Sullivan, April 2010, Pages: 85
The physical security industry is in transition. Over the past few years, IT has started to play a larger role in the industry. Prior to the recession, the role of IT had been somewhat restricted due to the large investment required to upgrade infrastructure from coaxial cabling to using massive runs of ethernet. The recession has created a unique situation where end users are looking at upgrading infrastructure and technology with a view to reduce the total cost of ownership, rather than making the lowest investment to meet minimum requirements. This has led to using future-proof technology with a view to integrate various disparate technologies in the future.
Economic Recession to Have a Dual Effect on the Security Market
Drivers:
- Better Performance & Accuracy Will Encourage Adoption of Security Solutions
- Requirements & Regulations
- Increasing Criminal and Terrorist Activities Will Spur Demand for Enhanced Security Solutions
Restraints:
- Economic Recession to Hinder the Rollout of New Systems and Slow the Migration to IP
- Unclear ROI for Advanced (Unproven) Security Solutions
Long-Term Growth Driver: Security to Represent an Intrinsic Aspect of Smart Cities
Smart city:
Citizen-focused cities with 'intelligence' in existing and new infrastructure to optimize resources, reduce traffic congestion, improve services to citizens and businesses and make the city smarter, more secure, and more efficient.
Implications:
Security systems to become a fundamental connector with CCTV monitoring city centers, ring roads (for TTI gathering), public transport. Monitoring services to expand coverage into lower-end residential market. Cell phones to open offices and house doors, allow access to corporate networks and e-commerce and payments.
Challenges:
- For system integrators it is a huge technical effort to integrate different technologies, protocols, standards, and proprietary solutions.
- Developing truly “intelligent” and interoperable systems based on open standards to facilitate integration.
- Privacy concerns and the fear that “big brother is watching” are cultural hurdles to overcome.
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