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FARE HYBRID: At the Forefront of Emerging Trends in Physical Security and Access Control!
Date: 04/11/2024
In an ever-changing world, physical security must adapt rapidly to new technological trends. In particular, in recent years, the market has witnessed tremendous growth and evolution of technologies in the face of new risks and increasing demand for advanced security systems. FARE HYBRID platform stands out as an innovative solution in the access control industry, integrating the latest technologies to ensure not only security but also unprecedented operational efficiency.
Let's discover together how this cutting-edge platform makes the most of market trends that will influence growth in the physical security and access control industry:
1.Growing demand for integrated security solutions
The physical security market is experiencing a shift toward more integrated security solutions. With the increasing sophistication of security threats, many organizations are looking for comprehensive security solutions that incorporate various security components into a single system. Integrating multiple systems, such as access control, video surveillance and alarms into a unified system, provides more effective security measures and reduces the complexity of managing security operations.
2. Growing Adoption of Cloud-Based Physical Security Solutions
Cloud-based physical security solutions are becoming increasingly popular among organizations worldwide, offering advantages such as flexibility, scalability, and cost-effectiveness that traditional security systems cannot match. With cloud-based systems, users can access security data in real-time from any location and device, with faster response times. Additionally, cloud-based security solutions offer more secure data storage, disaster recovery options, and are easier to maintain.
3. Modernization of Access Control Systems as a Priority for Technology Investments
Access control, a critical sector within the physical security market, is expected to grow further from $10.4 billion in 2024 to $15.2 billion by 2029, at a compound annual growth rate (CAGR) of 7.8%. One of the main drivers of this growth will be the adoption of security systems based on cloud infrastructure. In this regard, many companies will transition to hybrid cloud models, enhancing security from doors to networks, supported by ongoing innovation and cybersecurity updates. Additionally, there will be greater demand for open access control solutions, as companies today more than ever want the flexibility to add and connect the best technologies available. This will include building management systems, life & safety solutions, human resource management software, mobile credentials, and more. Integrating access control with these different technologies can boost operational efficiency in terms of sustainability and scalability, making the management of flows smoother and more accessible.
4. Focus on Person-Centered Physical Security Systems
Traditionally, physical security systems have always been focused on protecting assets rather than people. However, there is a shift toward person-centered physical security solutions. The focus is increasingly on user experience and the safety of employees within organizations. With this shift, physical security systems must balance safety with user convenience and comfort. For example, systems that incorporate biometric authentication reduce the need for employees to carry access badges or remember passwords, offering a smoother user experience.
5. Growing Importance of Cybersecurity in Physical Security
With regard to NIS2 (Network and Information Security Directive 2), the new EU directive focused on network and information security designed to improve cybersecurity across the EU through the adoption of fair and harmonized measures among member states, areas such as perimeter control, physical access to premises, critical infrastructure management, and visitor management become crucial technical measures for the protection of information systems. In particular, technologies like encryption and authentication can preserve system integrity, ensure secure communications, and allow access to critical areas and sensitive data only to authorized individuals.
6. Increasing Role of Artificial Intelligence
Market estimates indicate strong growth over the next five years, highlighting the growing role of artificial intelligence. Due to its ability to analyze large volumes of data in real-time and learn quickly from them, AI offers numerous applications in the physical security market, such as advanced video analytics that can detect specific entities and identify people, for example, through facial recognition, from video streams coming from security cameras. AI can also integrate with other security systems, providing a coordinated response to incidents. For intrusion applications, once an intruder or a suspicious object is detected, access to certain areas can be blocked, or security personnel can be notified. AI can enhance the efficiency of security operations by reducing the workload of operators and allowing for more effective management of information flows. This leads to a significant reduction in operational costs and optimization of response capabilities to potential threats and false alarms.
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