Market Insight: Building Security And Safety Investment Trends 2023

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Executive Summary

Security and safety concerns have always been a critical component of how organizations run their businesses and facilities. However, many leaders are recognizing that more needs to be done to manage risk and address evolving threats. Verdantix interviewed 303 senior real estate and facilities management decision-makers at mid to large enterprises across 13 countries and 13 industries for our 2023 global corporate smart building technology survey; of these, 83% plan to improve both their physical and cyber security postures. This report provides directional highlights from the study to help property and business leaders benchmark their intents in addressing security, and aid technology and service providers in understanding investment plans across varied market segments. 
Security is a rising concern for facilities and real estate leaders
Technical innovation is changing the security game
The drive towards integrated security platforms continues
Cyber security demands more attention from facilities leaders
The market is primed to expand its use of third-party security and safety services
Figure 1. Real estate and facilities management portfolio initiatives planned for the next 12 months
Figure 2. Organizational plans to enhance building security, 2022 and 2023
Figure 3. Organizational plans to enhance physical building security by geographic region
Figure 4. Organizational plans to improve cyber security risk management by geographic region
Figure 5. Impact of technology innovation on real estate and facilities processes over the next five years  
Figure 6. Impact of technology innovation on security and safety processes by geographic region
Figure 7. Spending plans on integrated building security platforms
Figure 8. Spending plans on integrated building security platforms by geographic region
Figure 9. Spending plans on integrated building security platforms by industry
Figure 10. Use of commercial software for select facilities and real estate processes
Figure 11. Use of commercial software for building cyber security by geography
Figure 12. Use of commercial software for building cyber security by industry
Figure 13. Planned use of security and safety service providers over the next three years
Figure 14. Planned use of security and safety service providers by geographic region
Figure 15a. Planned use of physical access and security service providers by industry
Figure 15b. Planned use of cyber security service providers by industry
Figure 15c. Planned use of fire and safety service providers by industry

About the Authors

Sandy Rogers

Sandy Rogers

Principal Analyst

Sandy is a Principal Analyst in the Verdantix Smart Buildings practice. Her current research agenda focuses on the intersection of IT and OT digital strategies and technologie...

Claire Stephens

Claire Stephens

Research Director

Claire Stephens is a Research Director at Verdantix, leading research into technologies and services shaping the real estate and the built environment, encompassing ...

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