Terrorism and other security threats around the world are generating high demand for advanced security technologies that can help detect threats, and protect lives and assets. There are a number of key technologies and trends that are helping reshape the security industry.
Across a wide range of industries -banking, retail, critical infrastructure, government, corporate campuses, education, airports, seaports, public transportation and homeland security - government entities and organisations are interested in a broader deployment of advanced security solutions. Using a more proactive approach to leveraging existing infrastructure, organisations continue to increase the safety and security of their facilities, improve emergency response, and enhance their investigative capabilities.
Technology Transition in Security
Consistent with the ongoing demand from heightened security needs, the electronic security market continues to experience a technology transition from relatively legacy systems to more sophisticated network-based IP security solutions that include a number of advanced algorithm capabilities.
The technology transition should be looked at as an evolution, rather than a revolution. Many users of legacy technology will need to continue using their existing systems in parallel to newly introduced IP-based security solutions. As this technology evolves, the market will favour those able to support their customers through the transition.
Investment and purchasing patterns for security solutions
As technology advancements continue to change the landscape of the industry, so do customer demands. Similar to recent trends, SensorTec Security has witnessed with enterprise applications, such as enterprise resource planning (ERP) and customer relationship management (CRM) systems, buyers are transitioning from multiple suppliers to single vendors that can provide a comprehensive security turnkey technology solution. It is expected that this trend will be driven further by the increased involvement of IT departments in the purchase decision-making process of security technology solutions.
As such, these departments and broader organisations are opting for a single source for all their IP electronic security needs. This movement bodes well to the value of integrated security solutions in that they can help drive a more streamlined connection to physical security information management (PSIM) systems, such as access control and other security subsystems. The end result: buyers can receive higher value for their systems at a lower cost.
More efficient, better security management with integrated solutions
Today, there is an ongoing focus and priority around the need for and value around integrated security systems that combine traditional physical security with IT-based security platforms. This demand for security solutions paves the way for advanced practices in information management.