Security Technology

“The biggest vulnerability we all have is that we tend to follow the same patterns of thinking.” – Dr Pippa Malmgren

Security technology today is more important than ever with increasing pressures arising from rapidly expanding cities, threats from terrorism and the impact of large-scale natural disasters.

Currently, more than half of the world’s population lives in densely populated cities, straining infrastructure and presenting challenges to governments. Besides this, there were over 15,000 acts of terrorism globally in 2018 according to IHS Markit, and more than 400 large-scale natural disasters that caused tremendous economic impact and loss of life.

Governments worldwide continue to invest in technology to more effectively manage growing cities, fight terrorism and mitigate damage from natural disasters. Global spending on physical security solutions is expected to accelerate steadily over the near term at a compound annual growth rate of 7% through 2021, when revenues will reach nearly $42 billion, according to IHS Markit.

Major trends in the space include:

  • Artificial Intelligence (AI) and use of Smart technologies
    • Increased adoption of data analytics and deep learning
    • Internet of Things (IoT), predictive analytics and automated alerting
  • Greater collaboration between law enforcement and communities to solve crime
    • Leveraging open source intelligence such as social media monitoring
    • Build-out of Next Generation emergency response networks
  • Increased focus on cybersecurity
    • Cybersecurity is being viewed as an enabler and support in digital transformation
    • Recent compliance pressures on organizations have made continuous risk assessment critical for operations and planning
  • Shift to service models
    • Demand for product flexibility and scalability (Access control as a service (ACaaS), video surveillance as a service (VSaaS) and other SaaS platforms
    • Increasing interest and openness towards cloud and leveraging its capabilities

The dynamic nature of the security industry has made the sector ripe for disruption. From aggressive price competition and vendor consolidation to the introduction of 5G, IoT & Big Data, multiple elements are shaping the market. Therefore, strategic insight, analysis and guidance are critical to maintaining an edge.

We help our clients develop go-to-market strategy as well as understand market dynamics, technology trends, the competitive environment and end-user needs. Our expertise in the security industry includes:

  • Emergency Response Center Software
    • Computer-aided dispatch (CAD) and incident management software
    • Geographic information systems (GIS)
    • Records management software (RMS) and others
  • Narrowband Communications / Mobile Radio Technologies
    • APCO Project 25 (P25)
    • Digital Mobile Radio (DMR)
    • Terrestrial Trunked Radio (TETRA)
  • Physical Security Equipment
    • Access control
    • Intruder alarms
    • Video surveillance
  • Safe and Smart City:
    • Security management software
    • Predictive policing
    • IoT sensors and more

For further information: Security Magazine

Our expert: Alexander Richardson

 

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Alexander D. Richardson

Commercial Advisory Unternehmensberatung GmbH
Pettenkoferstraße 44
D – 80336 München
+ 49 89 20355314
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