CCTV Systems

The security solutions mergers and acquisitions (M&A) market experienced robust growth in 2023, surpassing the previous year’s performance. The sector’s resilience and the evolving economic landscape have contributed to a flurry of consolidation activities, with private equity-backed buyers driving much of the momentum. As the industry gears up in 2024, experts anticipate continued growth, and stakeholders are advised to strategize their exit plans carefully. The M&A market witnessed a surge in consolidation activities, particularly in the systems integrator (security and fire/life safety) segment, driven by private equity-backed buyers. Residential end market participants attracted significant interest, fueled by strong demand from homeowners. In the commercial end market, rising construction values heightened acquirer appetite for targets with robust industrial surveillance capabilities. Improving Outlook for Several Security Sectors Despite an unpredictable macroeconom...

AUSTIN, Texas – Global identity solutions provider HID has released its 2024 State of the Security Industry Report, which gathered responses from 2,600 partners, end users, and security and IT personnel worldwide, across a range of job titles and organization sizes representing over 11 industries. The 2024 State of Security Report “delves into the underlying concerns driving upcoming innovations and the technologies that underpin them, helping security leaders to be proactive in adapting to evolving challenges,” according to the company announcement. Inside the HID 2024 State of Security Report Conducted in the fall of 2023, this year’s survey reveals six themes: 1. Mobile identity is expected to be ubiquitous in the next five years Given the widespread use of mobile devices, momentum continues to build around their use in support of identity. Within the next five years, surveyed end users state that nearly 80% of organizations will deploy mobile IDs. Industry partners are even...

WHITE PLAINS, N.Y.—WeSuite, a software manufacturer of sales management tools for technology sales and service providers, will introduce a new Business Forms Module and email-based automated approval of presale estimates at ISC West in Las Vegas, April 10-12, 2024. Both features will be available to users of WeSuite’s web-based platform, QuoteAnywhere, without the need for configuration or management via WeEstimate software. As WeSuite continues to invest in its QuoteAnywhere solution, these features are two of many that will make it the most robust for security professionals. “It’s very important to us to be in touch with our clients and understand their challenges and changes within their businesses. In the past several years, we’ve seen increasing demand for a fully functional web-based sales platform that lets our clients do everything they need from an iPad or tablet,” states Tracy Larson, president and co-founder of WeSuite.   “The introduction of our new Business Forms Mod...

Nearly 50 security industry executives met on Capitol Hill March 5-6 for the 2024 Security Hill Day to help educate policymakers about our $110 billion industry that provides nearly two million jobs throughout the United States and Canada and advocate for key policy and legislative priorities. From artificial intelligence (AI) and school security to workforce development and tax policy, Security Hill Day serves as crucial advocacy tool for the security industry. Related: Optimism Reigns in SIA Security Market Index, Despite Concerns About Global Events While attendees of Security Hill Day covered a wide range of relevant policy priorities, as with most industries, AI remained the hottest topic in meetings on the Hill and with congressional speakers. In the halls of Congress, the future of AI in the United States has become the most discussed topic in recent memory. On the forefront stands Rep. Jay Obernolte (R-Calif.), an advocate in both the private sector and  Congress f...

Ensure you are designing the most effective transmission network The job of the Security Integrators at the highest level is simple, design a security system that utilizes the best products from multiple manufacturers, while being cost-effective and that accomplishes a security-related task, be it surveillance, access control, intrusion and so much more. Simple on paper, but it never seems to be that simple. The common element or the piece that keeps it all together is the transmission system. Most transmission is Ethernet-based. The Promise of Ethernet is the ease of integration. IEEE 802.3 standards confirm everything is supposed to operate seamlessly, but that’s rarely the case. But what type of Ethernet media? Do you need fiber optic for extended distance and superior bandwidth? Are you using existing coaxial cable and Cat 5e and need a longer transmission distance? Is there a part of the design where you can’t add cable and wireless Ethernet is a better option? How are you going ...

PLANO, Texas — Global security systems provider acre security recently unveiled a comprehensive report on the latest trends in visitor management systems. The research, conducted in collaboration with Censuswide, “highlights significant insights into the adoption of visitor management solutions in mission-critical  industries, such as financial services and pharmaceuticals ,” according to the company announcement. Related: The Evolution of the Security Industry and the Impact of Cloud Access Control Valued at $1.43 billion in 2023, the global visitor management system market is anticipated to reach $3.47 billion by 2032, according to acre security. “There are diverse and converging trends driving this market growth, reflecting the evolving needs and challenges of various industries as they look to close the gaps on security processes,” the company announcement says. The growth in visitor management deployments is “driven by a preference for customizable solutions ...

The security industry appears strong starting off strong, with 84% of respondents in the Security Industry Association ( SIA )’s January-February 2024 Security Market Index  (SMI) describing conditions at their companies in positive terms. In the latest SMI report, nearly one in four participants said conditions were “excellent,” while more than three in five said they are good. These numbers are largely unchanged from the November-December 2023 survey . “We are excited to see the security industry continue to thrive as we all prepare for ISC West in April,” says SIA board of directors chair James Rothstein in the association announcement. “The new and enhanced products and emerging technologies that we will see at that show and going forward will not only improve safety and security for businesses, organizations and residences, but will also provide an impetus for continued growth,” he says. More Security Industry Market Insight The SMI “measures security industry executives...