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physical security

Global physical security market to hit $195.6bn by 2030

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Market Research Future (MRFR) asserts that global demand for physical security is poised to reach $195.6bn by 2030, equivalent to a 6.7% CAGR throughout the forecast period (2021–2030).

The reports points out that the physical security market’s competitive landscape is ‘enormous and tense’, with new competitors quickly entering the market and existing players making massive investments.

With the expansion of Internet-based services and technological progress, the market picture for physical security has shifted, however. Utilising physical security systems and solutions to regulate, monitor, and test any potential threats, attacks, environmental disasters, etc. is a trend in the physical security business and one that the report says will drive growth.

The usage of locks and keys with password-protected setups, alarms, sirens, etc., to combat an emergency attack are examples of such technological improvements. Technologies like facial recognition, iris recognition, etc., mean the physical security market is expected to undergo a boom with the entrance of new technological systems.

The Systems subsegment is predicted to account for the greatest market share throughout the forecast period. The growth is mostly attributable to an increase in the residential sector’s adoption of video surveillance equipment.

The Government sector is anticipated to drive the market over the period under review. Governments across the globe are concentrating on securing offices and public spaces using CCTV surveillance. The number of government security breaches has boosted the global demand for physical security solutions. Developed nations in particular are in search of authentication control alternatives that contribute to the improvement of their national security.

The report segments the global market for physical security into four regions, with each contributing considerably to the industry in terms of its capabilities and population requirements. However, North American area has the largest physical security market share, as it is where the primary development drivers for the physical security industry are generated, and the public appears to be fairly interested in market advancements about new goods.

The majority of acoustic insulation market revenue is anticipated to come from countries such as the United States and Canada, which are experiencing an increase in demand for high-tech security solutions in government and private organizations, public places such as shopping malls, restaurants, and movie theaters, etc., as a result of rising terrorist threats.

Due to the rapid evolution of technology, physical security trends in Europe have increased the demand for physical security systems and solutions, contributing to the region’s constant expansion. Due to rapid technological advancement and rising public safety expenditures in these nations, the Asia-Pacific area is identified as one of the key regions that has the potential to be the future market leader.

‘Advancement needed’ for digital transformation of physical security

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Physical security budgets and optimistic outlooks are up along with interest in/adoption of digital and collaborative system design technologies, but similar challenges plague system integrators and enterprise security professionals year over year.

That’s according to the second consecutive Physical Security Industry Benchmark commissioned by System Surveyor, based on a survey administered in late 2021

More than 200 physical security professionals responded, including system integrators (49%), corporate and campus security staff (29%), and others such as manufacturers, A&Es, and consultants (23%).

Key Findings include:-

System Integrators:

  • 91% have a favorable business outlook in 2022.
  • Proposal opportunities are increasing but winning them is still an issue. “Low proposal-to-close win rates” remains a top challenge along with “gathering accurate customer site information” and “customers requesting multiple proposal revisions.”
  • The biggest impacts to business also stayed the same year over year: “Delays in project completion” and “Difficulty achieving profit margins.”
  • 73% rely on paper and pen to conduct site surveys – down from 82% in 2020, but shows the runway for digital advancements.

Corporate and campus security professionals:

  • 50% expect budgets to increase this year (versus only 11% in 2020).
  • The number one challenge is “Working with building management on security changes and responsibilities” (up from #7 in 2020).
  • The top recommendation for how integrators can improve service is “Ensure technicians coming on site have updated details on our system” (up from #6 in 2020).
  • 43% will design systems themselves and then request bids and proposals.
  • Other suggestions involve systems integrators better understanding customer needs and providing more transparent, up-to-date information.

Digital Solutions a Common Thread to Improve Customer Experience

Several indicators point to technology as the way forward for both groups:

  • Enterprise security respondents highlighted two suggestions for system integrators directly involving technology: A portal with up-to-date service and system records/system layouts, and a digital, visual way to work jointly on survey designs and procurement.
  • System integrators chose system design software or tools as the number one technology that would most improve business (and more are adopting it). Other solutions foremost for this group are “Customer-facing software/app to visualize and co-design systems,” estimation and proposal software, and a digital as-built (system of record)/CAD for entire team.

For the full report, visit https://systemsurveyor.com/roi-reports/physical-security-benchmark-study-2022.

Places of Worship Protective Security Fund open for applications

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Mosques and Muslim faith schools have been given access to £24.5 million for security measures to protect their places of worship and schools.

Research indicates Muslims continue to experience an increased threat of hate crime: in 2020/2021, 45% of religious hate crimes recorded by the police in England and Wales were targeted against Muslims.

The government says places of worship can now bid for funding to put in place security measures to help tackle this threat. This could include the installation of CCTV cameras and perimeter fencing to ensure that adequate measures are in place to protect worshippers.

Muslims will be also able to register their interest in security guarding services at mosques, to ensure that their communities can worship safely and without fear.

In addition, £3.5 million is available for other faith communities through the government’s Places of Worship Fund. Applications are now open and all places of worship who feel they are vulnerable to hate crime are encouraged to apply. This scheme runs alongside the Jewish Community Protective Security grant, which provides protective security for the Jewish community and was recently renewed for this year.

This latest round of funding marks the government’s ongoing commitment to protecting people’s right to practise their faith without fear and to making our streets safer.

Security Minister, Damian Hinds said: “It is a fundamental right to be able to practise your faith in your community. This new round of funding will cover the costs of security measures for places of worship to deter and prevent hate crime attacks on vulnerable communities, making our streets safer. I encourage any place of worship which feels vulnerable to hate crime to apply for funding through the Places of Worship fund.”

Director of Tell MAMA, Iman Atta said: “The additional support from this government to ensure security support through guarding services is warmly welcomed and much needed. Tell MAMA has regularly called for additional support to Islamic institutions and mosques and in line with the national anti-Muslim hate crime monitoring and support services that Tell MAMA provides on an ongoing basis. Collectively, this support from the government should be welcomed and applauded.”

The Places of Worship Fund is part of the government’s commitment to ensure that faith communities in England and Wales are protected from the threat of hate crime attacks by providing funding to places of worship such as churches, mosques, gurdwaras, temples and associated faith community centres in order to improve physical security.

As part of this increased package, the government is introducing a new scheme for Muslim faith schools to provide additional protection that will be rolled out later in the year.

Physical security market to hit $243.6bn by 2031

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The global physical security market is projected to expand at a CAGR of 8.10% between 2021 and 2031 to reach $243bn, driven by uptake in BFSI, retail, and manufacturing to counter the increasing risk of real-world threats, such as unauthorized access and natural disasters.

The latest report from Transparency Market Research says the need for robust operational control over disparate physical security systems to keep people, assets, and facilities safe from real-world threats is fueling the growth of the physical security market.

Meanwhile, the integration of Industrial Internet of Things (IIoT) and IoT has led to an increasingly interconnected network of Cyber-Physical Systems, which diminishes the distinction between physical security and cybersecurity.

The deployment of a large number of security systems in organizations that has increased the complexity of managing and controlling incidents due to gap in communication with other systems has led to the rise in security breaches.

Changing work practices over the past few years wherein enterprises rely on both physical and virtual ecosystems hosted on public or private clouds to expand business capabilities is susceptible to real-world threats. This stimulates demand for physical security solutions.

Physical Security Market – Key Findings of Report

  • Need for recurring security of IoT ecosystems increases with rise in value of assets and number of connected devices. The fragmented and distributed nature of IoT is subject to larger attack surface with proximity to devices. Lack of sufficient physical security can pose severe security threats to the IoT ecosystem and lead to security breach, thus driving growth of physical security market.
  • Consistent technological advancements in physical security solutions such as smartphones, video surveillance, and RFID key card door locks that protects data from unauthorized users amplify demand for physical security solutions
  • Innovations in cloud computing and IoT expands vistas for the physical security market. Advent of novel technologies protects networks and data from physical activities that can cause serious loss or damage to an agency, institution, or business enterprise.
  • Presence of a robust technology underlying physical security systems does not require control box to control all operations; verifications in physical security system occur at the credential scanner
  • Significance of credential scanner lies in verification of physical security systems, which is connected to a network and provides safety solutions to IoT ecosystem
  • North America is anticipated to hold the leading share of the physical security market during the forecast period. Significant rise in demand from BFSI and government sectors for physical security solutions for safety of personnel, software, hardware, networks, and data from is creating opportunities in the physical security market of North America.

Global physical security industry to hit $153bn in 2023

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The global physical security industry is projected to reach $153 billion by 2023, equivalent to a CAGR of 10.3% between 2017 and 2023.

That’s according to a new report by Allied Market Research, which conlcudes that based on region, North America is the largest supplier of physical security solutions across the world.

Seapee Bajaj, a Lead Analyst, ICT at Allied Market Research, said: “North America dominates the global physical security market pertaining to increased terrorism incidence and enhanced security measures across diverse verticals including commercial; transportation, banking, financial services, and insurance (BFSI); residential; and others. Furthermore, growth in Asia-Pacific is expected to be the fastest among other regions, owing to prominent initiatives from the governments for enhancing safety and security standards.”

COVID-19 scenario according to the research:-

• The Covid-19 pandemic provided new growth opportunities as security measures have been implemented across various verticals to ensure business continuity during the post-lockdown period. The thermal cameras have been installed to detect the temperature of visitors and employees in commercial, industrial, and banking spaces.
• In residential spaces, building operators have been installing “Building Wellness” systems and various products to meet the new standards of safety for its residents.
• The demand for ACaaS and VSaaS services has grown significantly as customers want more value from their investments in the times of economic turbulence and investing less upfront capital expenditure.

The report offers detailed segmentation of the global AEC market based on type, industry vertical, and region. Based on type, the services segment contributed to the highest market share in terms of revenue in 2016, and will maintain its highest contribution throughout the forecast period. However, the system segment is projected to register the highest CAGR from 2017 to 2023.

Based on industry vertical, the education, healthcare, retail, energy & utilities, manufacturing & industrial segment collectively garnered the highest revenue share in 2016, and will maintain its dominance during the forecast period. However, the residential sector is estimated to witness the highest growth rate by 2023.

Based on region, North America is the largest supplier of physical security solutions across the world, and the U.S. leads the global market as compared to other countries. However, Asia-Pacific is expected to register a considerable growth throughout the forecast period. China leads the market in Asia-Pacific.

Key players of the global physical security market analysed in the report include Anixter International Inc., Cisco Systems, Inc., Tyco International PLC., Stanley Security, ADT Corporation, Genetec Inc., Bosch Security Systems, Inc., Honeywell International, Inc., and Senstar Corporation.

Physical security market worth $140 billion by 2026

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The global physical security market is expected to grow from $102.7 billion in 2021 to $140 billion by 2026, driven by the impact of COVID-19 and equivalent to 6.4% growth during the forecast period.

That’s the conclusion of a new report from MarketsandMarkets, which says modern business environments require proficient handling of their business processes by implementing tested solutions across organisations.

Specifically, a lack of resources and the overheads involved in managing in-house services are forcing businesses to outsource certain processes, including security.

The retail vertical. which includes online and offline retailers, manufacturers, distribution channels and consumers, is leading investment in CCTV surveillance and video analytics systems, not just for security, but also in terms of optimising customer journeys in-store.

In APAC, the physical security systems are becoming rapidly popular because of the increasing crime rate, especially in China, India, Australia and India, with governments in many of these countries is supporting the deployment of physical security systems.

For example, APAC is home to 60% of the world’s cities and is a hub for the development of large so-called smart cities. China is planning to spend $39 billion on smart cities.

The COVID-19 pandemic has also disrupted the supply chains, increased distributed terrorist threats, and imposed travel restrictions. As such, cities integrating smart technologies need to overcome the challenges of physical security infrastructure.

Six top trends for the physical security sector in 2022

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By Johan Paulsson, CTO at Axis Communications

As we look to 2022 it’s clear that matching the ongoing pace of technological innovation to an equal evolution in building trust in the use of technology is imperative. Trust is becoming increasingly important for individuals, organisations, and legislators, so it’s interesting to see how many of our technology trends for 2022 can be linked to the need to build a trusted technology ecosystem, and ultimately a smarter, safer world.

  1. Connection across hybrid environments – To the end user, the architecture being used to deliver services has become invisible. Whether processing takes place on a device, local server or in a remote data centre, everything is connected. As a security solution vendor, it’s up to us to provide the tools and flexibility to help people decide on the best solution for their unique situation. Given that ‘connected’ has become the default, we do believe that most surveillance solutions will ultimately be hybrid; combining cloud, on-premise server and edge technologies.
  2. A new default for cybersecurity While we foresaw the rapid acceleration towards Zero Trust network architectures a year ago, we now believe it to be a default approach. The Covid-19 pandemic has played a role here too, as flexible working has seen more devices connected remotely over the public internet. Taking a Zero Trust approach involves evaluating the security profile for each device each time it connects which has significant implications for the video surveillance industry, with various checks and validations moving from ‘nice to have’ to ‘must have’.
  3. Authenticate everything – The ability to establish the authenticity of video footage is fundamental. Tampering with video after it is captured, along with increased sophistication in creating manipulated images, means that we may see the authenticity of video surveillance footage being more regularly questioned. As this is an issue for the security industry as a whole it’s imperative that the sector aligns to standardise its approach, ideally based on open-source software and initiatives.
  4. AI becomes established and acceptedMany would also argue that AI is no longer a trend. Indeed, we’re all using and being exposed to valuable AI and deep learning-based services on a daily basis. Our view remains that technology in itself shouldn’t be regulated, but that legislation and regulation relating to the development and use of AI-based technologies and applications should be adhered to by every organisation employing AI. We expect to see a greater focus on initiatives to ensure that AI is being implemented ethically and without bias.
  5. COVID-19 as a catalyst – The long-term impact of the pandemic, from a business and technology perspective, is manifesting itself in a number of ways such as the use of low/no touch technologies at access points, and intelligent video solutions to ensure that social distancing and public health guidelines are being adhered to. The pandemic has also caused supply chain issues that have resulted in some businesses designing and manufacturing their own components. This is something that we anticipate more organisations doing in the security sector.
  6. 5G finding its place – For us, a new technology only becomes a trend when we start to see valuable use cases appear in the security and surveillance sector. This is starting to happen with 5G. While much of the hype around 5G has been focused on improvements in network performance for consumer applications, 5G networks show genuine potential for video surveillance solutions and could bring particular benefits from a cybersecurity perspective.

Finally, all trends should be viewed through the lens of sustainability. Sustainability can no longer be considered a trend. It needs to be embedded in everything we do: how we design and manufacture products, how we run our business, the performance of our suppliers – all aligned to reducing our environmental impact, and operating in an ethical and trustworthy way. Wherever a technology trend looks like presenting an opportunity, it needs to also be examined through the lens of whether it can be developed and brought to market in a sustainable way.

Data centre physical security set for boom

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The data centre physical security market is poised to grow by $1.73bn between 2021-2025, progressing at a CAGR of 8.41%, driven by the need to comply with regulations and the growing threat of cyberattacks.

The report, from ResearchandMarkets, on the data centre physical security market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

It offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

The study identifies the growth of hyperscale data centers as one of the prime reasons driving the data center physical security market growth during the next few years.

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading data center physical security market vendors that include Check Point Software Technologies Ltd., Cisco Systems Inc., Fortinet Inc., Hewlett Packard Enterprise Co., Honeywell International Inc., Johnson Controls International Plc, Robert Bosch GmbH, Schneider Electric SE, Siemens AG, and Trend Micro Inc.

Also, the  market analysis report includes information on upcoming trends and challenges that will influence market growth, conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.

The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Study highlights hybrid working security concerns

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96% of business leaders and 93% of employees agree that it is important for their company to have a system in place that logs and tracks visitors who enter and exit the building when employees work in the office.

That’s according to data from Securing the New Hybrid Workplace, a report from Entrust that surveyed 1,500 business leaders and 1,500 general employees from 10 countries to better understand how workers from the manager level to the C-suite are preparing for a new hybrid workplace

As a rise in variants spurs new uncertainties around the COVID-19 pandemic, businesses around the globe are tasked with developing a long-term plan and work model, whether in-person, remote or hybrid, that meets the needs of employees and the business.

Key findings include:

  • Hybrid is here to stay, but security concerns are high: The overwhelming majority of respondent companies are moving to a long-term hybrid workplace approach. In fact, 80% of leaders and 75% of employees said their company is currently using a hybrid model or is fully remote and considering a hybrid work model. But, 54% of employees reported up to six instances of lost productivity due to network access issues and leaders cite home internet security (21%) and leakage of sensitive company data (20%) among their top security challenges.
  • Visitor management is an in-office priority: Having a detailed record of who has been in and out of a company’s office is a larger priority in 2021. 96% of business leaders and 93% of employees agree that it is important for their company to have a system in place that logs and tracks visitors who enter and exit the building when employees work in the office.
  • Home office data security presents new challenges: Businesses need to change their data security approach now that employees are more decentralized than ever before. However, while data security is a priority for leaders with 81% saying their company has offered employees training on it, only 61% of employees said their company offers this training, indicating a communication gap.

“With the uncertainties of the last year and a half, many organizations are well-adapted to remote work. With leaders planning the future state of their workplace models, we wanted to ask how they are adapting security and identity for the hybrid workplace: how are leaders and employees prepared to protect data and sensitive information? How will office security evolve? Will adapting to hybrid workplaces multiply vulnerabilities…or will enterprises choose smart security strategies to enable employees wherever they work?” said Anudeep Parhar, Chief Information Officer at Entrust. “With the study overwhelmingly indicating the desire of 91% of employees to work in a hybrid model moving forward, this data study provides businesses insight about how to democratize work from anywhere and incorporate security practices into their hybrid approach by working with companies like Entrust to implement solutions such as passwordless and biometric authentication, mobile identity verification and more.”

There is no question employers are leaning into a clear desire among employees for hybrid work options, with 68% saying they are considering hiring talent that resides in geographically diverse locations. For employers following this trend and hiring employees in a new, hybrid environment, there are several ways to improve and secure the onboarding process.

The study found business leaders are improving training methods (53%), rolling out new or improved collaboration tools (47%) and implementing mobile ID issuance for remote employees. Furthermore, leaders are taking steps to maintain internal security as they incorporate a hybrid model, with 51% rolling out one-time password technology, 40% utilizing biometric authentication and 36% using mobile identity verification, citing the desire to stay ahead of hackers and protect their internal data.

As companies start bringing workers back to the office, the ongoing pandemic raises the stakes of physical security to include health, safety and infosecurity. For example, companies must consider best practices when they begin to open their doors to visitors outside their internal workforce once more. Entrust found support for organizational visitor management is overwhelming, with 96% of business leaders and 93% of employees agreeing that it is important for their company to have a system in place that logs and tracks visitors who enter and exit the building when employees work in the office.

With this in mind, companies will begin paying more attention to who’s going in and out of the office building. Reasons for this enhanced scrutiny of visitors is primarily due to caution surrounding COVID-19, with 83% of leaders and 84% of employees citing the risk of spreading COVID-19 as the top reason it is important to have a system in place that manages and tracks guests. Other reasons included protecting confidential information (65% of leaders and 55% of employees) and avoiding physical harm to employees (61% of leaders and 62% of employees).

Business leaders also agree that it is imperative to consider the intersection of data security and work from home standards. Fortunately, it appears that the introduction of hybrid work has resulted in a step in the right direction for workplace data protection. In fact, while 81% of leaders said their company has offered employees training on data security, the overwhelming majority (86%) said it was offered as a result of the COVID-19 pandemic, indicating a trend towards enhanced data security.

Unfortunately, while leaders are offering this training, only 61% of employees said their company offers this training, indicating a communication gap between leadership and their employees. By communicating these trainings to employees, leaders can help reduce the risk of security threats including phishing and ransomware attacks.

Naturally, while the Securing the New Hybrid Workplace data study takes a holistic look at the top trends of hybrid work, some individual countries presented data that is particularly intriguing. Some top findings of key international trends and takeaways include:

  • 65% of employers in Japan say they have offered data security training for the hybrid work model, but only 36% of employees agree, indicating a potential gap in communication or training execution.
  • Businesses in Saudi Arabia (89%) and the United Arab Emirates (87%) are by far the most willing to consider hiring talent that resides anywhere in the world. Businesses in the United States and Singapore are the next most likely to hire talent anywhere in the world, both with 73% of leaders indicating they would be willing to hire global talent.
  • Businesses in Indonesia are particularly likely to implement cutting-edge security technologies into their business practices, with 75% of employers saying they have utilized one-time passwords and 69% indicating they utilize biometric authentication.
  • Of the countries surveyed, respondents from Germany indicated the lowest productivity impact due to network access or login delays with 49% reporting that they have never had an issue, and 27% reporting only 1-3 incidents. By comparison, in the United Kingdom, only 25% reported no issues, with 34% reporting 1-3 incidents.

Securing the New Hybrid Workplace is a study of 1,500 business leaders and 1,500 employees in the United States, Canada, United Kingdom, Australia, Germany, Saudi Arabia, United Arab Emirates, Indonesia, Japan and Singapore. The data was gathered and distributed by Entrust in 2021.

The study examines new data surrounding hot topics including best practices for hybrid work, office visitor management systems and how hybrid work affects workplace security. To learn more visit www.entrust.com/lp/en/securing-the-new-hybrid-workplace.

Physical security for data centres to hit $1bn by 2026

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The data center physical security market is expected to grow at a CAGR of over 7.42% during the period 2020−2026, to hit sales of $1,045.9m by the end of the forecast period.

That’s according to a new report from Arizton Advisory & Intelligence, which says:

  • The global physical security market is growing due to an increase in data center investments owing to increasing digitalization and the adoption of cloud services by enterprises as a result of the COVID-19 pandemic.
  • The physical security market for data centers is highly fragmented, with multiple local and global vendors offering solutions, along with system integrators, who have expertise in design, installation, commissioning, and maintenance of physical security systems.
  • North America leads the market in terms of physical security systems, with around 45% of the overall market share followed by APAC and Europe.
  • Hyperscale data center operators prefer multiple layers of security, and majority of data centers are implementing a minimum of five-layer security design. There is a growing demand for multi-factor authentication and CCTV monitoring, as well as advanced BMS systems to monitor and manage hyperscale data centers.
  • With an increase in edge data center deployment that are mostly deployed in locations nearer to the customers and at rural locations, the requirement for physical security will also increase. Data center operators adopt increased physical security measures such as access point restrictions, use of fences, and trenches to protect against natural calamities, and careful selection of material for enclosures.
  • Asia faces significant natural calamities; hence, data centers in Asia need to develop disaster recovery and business continuity plans (BCP). It is imperative that robust physical security systems are installed in the region.

The report estimates that over 300 colocation facilities were under construction or opened in 2020, and this number is increasing as operators are finding higher demand from customers across verticals for colocating their data center needs.

The development of greenfield data centers by enterprises is moving toward modular deployments, which include prefabricated containment systems or containerized data center facilities.

The infrastructure vendors that dominate the modular data center space include Schneider Electric, Vertiv, Eaton, Huawei Technologies, and Rittal.

The majority of data centers are mostly restricted to urban locations and prominent sites such as Texas, New York, Virginia, London, Stockholm, Frankfurt, Paris, Dubai, Mumbai, Osaka, Sydney, Melbourne, and Auckland. In recent years, these locations have attracted considerable investments, and more data centers are planned for 2021 and beyond.

In terms of physical security, North America is a major location for investments in products and services. Many facilities boast five or six-layered physical security to protect data. For instance, CoreSite Realty’s Chicago data center (CH2) data center facility is equipped with CCTV’s, IP-DVR security officers 24/7, access key cards, biometric scanners.