Security

Software is Playing a Major Role in the Growth of Physical Security

Software packages across the Physical Security industry are numerous covering many different functions; Many overlapping each other causing confusion for end users and resulting in a fragmented business. There is a need to rationalize this business in order to meet the needs of clients, and fit into the World of the Internet of Things (IoT) and Artificial Intelligence (AI), ultimately delivering the high growth that is forecast. Today Whilst software has made a significant contribution to the growth of the Physical Security business over the last 10 years it is a relatively small part of the business accounting for no more than 10% of the total annual value, but growing its market share every year. Software has been delivered through security hardware manufactures for the most part and software companies that have specialized in the physical security business, unlike other Building Automation Services (BAS) where software companies external to the business have had a major […]

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