Market Insight: Physical Building Security Hovers At The Digital Tipping Point

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Executive Summary

Security, the sleeping giant of proptech, is stirring. Many organizations have traditionally approached physical security technology investments rather conservatively, seeing them as a mandatory cost of doing business. They have also typically implemented security solutions in silos, with security control and management software commonly being dedicated facets of particular device-based systems. Enterprises now require greater situational awareness from all their disparate security systems and are increasingly prioritizing integration capabilities, advanced analytics and user experience as critical decision points. As IP-based systems and Internet of Things (IoT)-connected devices proliferate across the enterprise and security space, the market is becoming more cyber-physical in nature – and with it, increasing capabilities to capitalize on data and digital innovation. The time is nigh for the software side of the security market to take off. Corporate business and facilities leaders should use this report to understand how the market for physical security is changing and to ensure they take advantage of advancing capabilities.

Table of contents

The physical security market is at a precipice of accelerating change
The fundamentally risk-averse security market is facing substantial pressure to evolve
A confluence of factors is catalysing enterprises to embrace modern security solutions
The big shift: a traditionally hardware-led business awakens to the power of software
Security technology is becoming more accessible, extensible and intelligent
Innovation in and around the edges is making security more robust

Table of figures

Figure 1. An expanding security technology landscape 

About the authors

Sandy Rogers

Principal Analyst
Sandy is a Principal Analyst in the Verdantix Smart Building practice. Her research agenda focuses on the intersection of IT and OT digital strategies and technologies, including the IoT landscape.  Sandy’s experience prior to joining Verdantix included work as a research director and technology industry analyst in IT service technologies and operations at Forrester, and at IDC covering software, vertical markets, and Web services. She has worked in competitive research and strategy consulting at Fuld & Company and developed research for thought leadership at Deloitte. Sandy holds a Business Degree in Marketing and Management Science from the University of Rhode Island. 

Rodolphe d’Arjuzon

Global Head of Research and Finance Director

Rodolphe co-founded Verdantix in 2008 and directs the firm’s research strategy across all practice areas. He also leads the Smart Buildings practice on an interim basis. Rodolphe has over twenty years of experience in technology research and strategy consulting. He previously worked for Barclays Bank and L.E.K. Consulting. Rodolphe holds a PhD in Physics from Cambridge University.

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