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physical security

Data centre physical security set for boom

960 640 Stuart O'Brien

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

960 640 Stuart O'Brien

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

960 640 Stuart O'Brien

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.

Physical security market to grow 6.5% by 2027

960 640 Stuart O'Brien

The Global Physical Security Market size was estimated at $78.23 billion in 2020 and expected to reach $83.87 billion this year, followed by a Compound Annual Growth Rate (CAGR) of 7.54% from 2020 to 2026 to reach $121.01 billion.

A new report published by ResearchandMarkets, analyses the competitive landscape in terms of markets, applications and geographies, describing the optimal or favourable fit for vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies.

The report identifies the following market dynamics:

Drivers

  • Increasing instances of terror attacks
  • Shifting focus from traditional solutions
  • Protection to business assets, employee, and customer
  • Adoption of IoT and cloud-based data storage
  • Ongoing developed of smart cities
  • Enforcement of government regulations and compliance

Restraints

  • Limited use of advanced technologies
  • Integration issue among security solutions

Opportunities

  • Collaboration between contract security provider and physical security vendors
  • Technological development in video surveillance
  • Use of IP-based HD video for video surveillance
  • Emergence of automated drones for security patrolling

Challenges

  • Integration of logical and physical components
  • Device vulnerability and chances of system being hacked

COVID pandemic increased the importance of physical security

960 640 Stuart O'Brien

75% of security and FM professionals say the COVID pandemic increased the importance of physical security in their organisations, while 60% say they either see a need for immediate cloud-based technology upgrades or are considering it in the near future. 

That’s according to a survey conducted by Brivo from November 2020 to January 2021 among more than 500 US-based physical security and facility management professionals, exploring the physical security impacts from COVID, specifically the challenges facing organisations as they look to reopen their doors.

The survey also took a look at the technology, cloud, and data utilization trends shaping the physical security landscape for 2021.

“Property technology has evolved rapidly in the past year with a major shift in how security and facility management leaders recognize the benefits that cloud technology can provide to them,” said Steve Van Till, CEO and founder of Brivo. “Accelerated by the trend toward working offsite during the pandemic, organizations need the ability to remotely manage security and access control, and see what’s going on in real time, without being on-site. This is accomplished through the cloud.”

The pandemic put security and facility managers in the position of needing to protect health and safety in addition to their usual responsibilities for people and physical assets. Businesses with a primarily remote workforce had to monitor and manage access to empty buildings that were more vulnerable than usual. Nearly 30% of respondents said they did not have centralized security solutions in place and struggled during the pandemic to manage day-to-day operations. 

Another critical weakness for many respondents was leveraging data for physical security — 70% admitted they have problems with data, ranging from too much, too little, or a lack of understanding how to use it. Brivo recognized the need for better analytics to interpret physical security data and launched its new Data Explorer business intelligence tool last year as part of Brivo Access, its 4th generation cloud platform.

Looking ahead, the survey found that technology integrations are a key area of focus for businesses in 2021. 61% of respondents agreed that integration was the most important goal for them this year. An additional 26% indicated that it is imperative to have technology that will assist in enforcing contact tracing, social distancing, and healthy building compliance requirements. These trends will likely continue as more organizations prepare to bring employees, customers, and students back to work and school in 2021. 

“Last summer we launched Facility Safety Features to help reduce the spread of COVID. We’ve since helped more than a thousand customers with their return-to-work efforts leveraging Brivo Visitor reporting, personnel control, contact reporting and self-screening,” said Van Till. “As the hybrid work force continues to become the norm, we’re launching occupancy tracking as well so that organizations can see how space is being used and adjust their plans accordingly.”

Impact of COVID-19 on physical security market revealed

960 640 Stuart O'Brien

A new report delivers what it calls the best estimate of the global market for physical security products going forward to 2025, based on two scenarios.

In March 2020, The World Health Organization declared COVID-19 a global pandemic. Within a few weeks, it was clear that the pandemic was highly likely to cause the world’s worst recession in the last 100 years. In June 2020, the World Bank published a baseline forecast envisioning a 5.2% contraction in global GDP in 2020.

The report from ResearchandMarkets says that, at this time, COVID-19 has been having second spikes in Q3 / Q4 and several countries are experiencing rolling lockdowns and believes its 2nd scenario looks more feasible where global markets take around a year to return to some normality and mass global adoption of a vaccine is achieved within 18 months. The publisher believes this has a probability of 65%.

Based on its Scenario 2, growth will recover by Q3 2021, and by the end of that year it will have grown by nearly 3%. However, different rates of growth apply in each of the 3 businesses and geographic territories. The analyst forecasts the market will reach over $42Bn by the end of 2025 at a CAGR of 6% over the next 5 years.

China continues to increase its share of the physical security product market. The Chinese market has grown rapidly through a boom in new construction and ‘Sharp Eyes’ surveillance projects driven by the public sector. However very little of this vastly expanding market is accessible to overseas manufacturers, nor is it likely to be in the foreseeable future, with ongoing political and trade tensions between the US and China.

Key Impacts of Covid-19 Pandemic on Physical Security:

  • Above all the COVID-19 outbreak will force suppliers to radically rethink how they operate their business, in particular resilience to externalities. In parallel, there will be lessons to learn on having a more coordinated and resilient supply chain. The Video Surveillance business is too dependent on Chinese OEMs and component manufacturers. With many of these factories closed for the first two months of 2020, it caused temporary supply chain issues.
  • The pandemic has created a demand for new solutions to help control the spread of the virus. Physical security products have risen to the challenge, helping to implement social distancing protocols through existing access and video systems with AI-powered analytics. Thermal cameras have also been deployed to measure people’s temperature, with demand being strong. However, their usefulness has been questioned, with the World Health Organisation saying that on its own temperature screening “may not be very effective”.
  • The report estimates that the total value of world production of Physical Security products at factory gate prices in 2020 will be $31.7Bn, a decline of over 7.5% on 2019. Sales declined over the first 3 quarters of 2020 as a result of COVID-19. This has stopped 11 consecutive years of growth.

COVID-19 to push physical security market value beyond $150bn

960 640 Stuart O'Brien

The global physical security market generated $78 billion in 2016, and is expected to generate $153 billion by 2023, registering a CAGR of 10.3% over the period.

That’s according to the latest report from Allied Market Research, which says COVID-19, an increase in terrorism activities, surge in awareness regarding personal security, and technological advancements are driving the growth in the market.

However, it cautions that concerns regarding privacy and lack of physical & logical security integration could hinder the market growth. On the other hand, high demand in smart cities will create new opportunities in the coming years. 

Specifically, it says the impact of the COVID-19 pandemic will be felt in the following ways:-

  • 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.

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. 

Top players of the global physical security market analyzed 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.

Global physical security market to hit $120.3bn by 2025

960 640 Stuart O'Brien

The global physical security market size is expected to grow from $84.2 billion in 2018 to $120.3 billion by 2025, equivalent to a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period.

A new report from ResearchandMarkets says rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, and increasing use of Internet Protocol (IP)-based cameras for video surveillance are expected to drive the overall growth of the physical security market across the globe.

However, violation of privacy related to physical security systems and services is expected to restrict the growth of the market.

The Services segment is projected to lead the physical security market during the forecast period. The reports says Physical security services play a vital role in enhancing the existing video surveillance system by integrating digital video surveillance with network and IT systems.

This integration enhances property safety and reduces loss from thefts. Moreover, the service segment is being continuously affected by the introduction of the integrated Social, Mobile, Analytics, and Cloud (SMAC) solutions, which need proper monitoring.

Based on organization size, the Large Enterprises segment is expected to lead the physical security market in 2020. These enterprises were the early adopters of physical security solutions and services, as they have a larger revenue pool to spend and a larger infrastructure to be protected. High spending on security, followed by the high need for securing large assets is leading large enterprises to contribute to a higher market share in the physical security market.

Meanwhile, business and recreational travellers demand safe and secure hotel accommodation with responsive and friendly customer service. Hence, the Residential segment faces the challenge to manage security without violating the privacy of their guests, comfort, and travel experiences.

In residential premises, the implementation of access control and video surveillance security systems is growing. The residential properties are installing access control systems to prevent invasion and burglary. There is also an increasing demand for access control systems. Residential properties are increasingly adopting electronic lock-based access control systems. The demand for electronic products is growing with the increased home automation trend.

Overall, the APAC physical security market is projected to grow at the highest CAGR during the forecast period. This growth is primarily driven by the rising adoption of access control systems in Small and Medium-sized Enterprises (SMEs), hospitality businesses, airports, ATMs, banks, residential buildings, and religious places, among others are expected to drive the physical security market.

Security systems are expected to witness increasing adoption in APAC as the countries in the region are emerging economies with a growing number of manufacturing bases, and there is also a constant risk of terror threats in the region.

Physical security market worth $120.3 billion by 2025

960 640 Stuart O'Brien

The physical security market is expected to grow from $93.5 billion in 2020 to $120.3 billion by 2025, equivalent to a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period.

New analysis by MarketsandMarkets pinpoints the major drivers as the rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems, increasing use of Internet Protocol (IP)-based cameras for video surveillance, implementation of mobile-based access control, and adoption of Internet of Things (IoT)-based security systems with cloud computing platforms.

The reports says systems integration is becoming an increasingly important part of a physical security strategy, as it involves the collective use of a variety of components or subsystems as one large system. System integrators provide solutions based on the size and complexity of the security to be provided. As such, it says the demand for integrators of security systems is growing rapidly, owing to the deployment of diverse security strategies in organisations of all sizes across the globe.

In general terms, the large enterprises segment is expected to hold the highest market share. The report asserts that these enterprises were the early adopters of physical security solutions and services, as they have larger revenue pool to spend and a larger infrastructure to be protected.

These customers operate across multiple locations in different geographies, hence they require a solution, which offers elevated integration capabilities and is capable of large-scale seamless integration of security operations. In addition to the complexity and requirements, large enterprises are at high risk for breaches and other cyber and physical crimes. The combination of the complexity and high risks require large systems that are fully integrated and can utilize the best and the most reliable technology.

In addition, MarketsandMarkets highlights that physical security systems and services play an important role in the retail vertical and that security is one of the top priorities for retailers globally. In retail, it is crucial to ensure workplace safety, prevent business interruption, and avoid financial loss. The number of retail stores and malls in urban areas has increased drastically over the last few years. Investing in access control systems as a solution for security needs provide numerous long-term benefits, such as reduced retail losses, maximized store profits, lowered insurance rates, and most importantly decrease in the number of theft cases.

Finally, in terms of geography, APAC is set to grow with the fastest CAGR during the forecast period as the countries in the region are emerging economies with a growing number of manufacturing bases, and there is also a constant risk of terror threats in the region.

The market in APAC has high growth potential, owing to the increased security concerns, especially in India and China, and governments in these countries have started investing heavily in security. Furthermore, emerging economies are working toward improving their infrastructure, which is further expected to lead to the high growth of the Physical Security Market.

The rising adoption of access control systems in SMEs, hospitality businesses, airports, ATMs, banks, residential buildings, and religious places, among others are expected to drive the Physical Security Market.

Physical security market to grow 7% by 2023

960 640 Stuart O'Brien

The Physical Security Market is projected to grow from $84.1 billion in 2018 to $119.4 billion in 2023, equivalent to a Compound Annual Growth Rate (CAGR) of 7.3% for the period.

That’s according to research from ReportsandReports, which says a combination of rising incidents of terror attacks, technological advancements and deployment of wireless technology in security systems is driving deployments across the globe.

Other factors cited include increasing use of IP-based cameras for video surveillance, implementation of mobile-based access control, and adoption of Internet of Things (IoT)-based security systems with cloud computing platforms.

The reports says the services segment is projected to lead the physical security market during the forecast period, playing a vital role in enhancing the existing video surveillance system by integrating digital video surveillance with network and IT systems.

The APAC Physical Security Market is projected to grow at the highest CAGR, primarily driven by the rising adoption of access control systems in Small and Medium-sized Enterprises (SMEs), hospitality businesses, airports, ATMs, banks, residential buildings, and religious sites.

It also lists the top key players in the Physical Security Market as:-

  • ADT Inc. (US)
  • Bosch Building Technologies (Germany)
  • Cisco Systems Inc. (US)
  • Honeywell International Inc. (US)
  • Johnson Controls International plc (US)
  • Anixter International Inc. (US)
  • Genetec (Canada)
  • Secom Co. Ltd (Japan)
  • G4S plc (UK)
  • Pelco by Schneider Electric (US)
  • Zhejiang Dahua Technology Co. Ltd. (US)
  • Kastle Systems (US)
  • Hikvision Digital Technology Co.Ltd. (China)
  • STANLEY Convergent Security Solutions Inc. (US)
  • Axis Communications (Sweden)
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