Identity Management
The Legislative Balancing Act For Facial Recognition Technology
April 26th, 2022Exploring The SALTO Group Business and M&A Strategy
March 18th, 2022
Honeywell Building Technologies Business 2021 Examined
In this Research Note, we examine the Building Technologies business of Honeywell, based on their 2021 10K Report, investor presentations and building technology-related activities throughout 2021. Honeywell Building Technologies (HBT) is the smallest of 4 reportable segments with $5.5 billion revenues in 2021, which represents just 16% of Honeywell’s diversified business areas across Aerospace, Performance Materials and […]
Will the Pandemic Drive More Growth for Access Control as a Service?
Memoori’s World Market 2020-2025 Report on the Physical Security business shows that all types of organizations across the world are investigating how they can leverage the cloud, as it is proving to be a very attractive proposition. We estimate that in 2019 ACaaS investment was worth $620 million and of this approximately 40% was installed […]
Access Control & Identity Management Withstand the Worst of COVID-19
Memoori has charted the performance of the Access Control business during the last decade, witnessing demand for products expanded by a CAGR of 8.2%; and at the beginning of 2020 reaching sales of $8.7Bn. It has been problematic to size the market with confidence in 2020 because the COVID-19 pandemic has not yet been controlled […]
Will the COVID-19 Pandemic Drive Further ACaaS & VSaaS Growth?
When we published our 2019 World Report on Physical Security at the end of last year, we forecasted an annual growth rate of 15% from 2020 to 2024 for both Access Control as a Service (ACaaS) and Video Surveillance as a Service (VSaaS). But by the middle of April 2020, the COVID-19 pandemic has caused […]
Major Trends in the Global Access Control Market 2019
Memoori’s 2019 Physical Security report shows that the market for Access Control products reached over $8Bn this year, a growth of 8.2%. We forecast that by 2024 the world market will be worth over $12Bn, a CAGR of 8.48%. Demand has been driven by growth in IP Networking products, Access Control as a Service (ACaaS), […]
World Sales of Physical Security Products in 2019 was $34.3Bn but Global Demand is Unbalanced
Our new annual report shows that total value of world production of Physical Security products at factory gate prices in 2019 was $34.3Bn, an increase of 8.5%. Of the 3 product categories covered in the report, video surveillance had the highest rate of growth at 9.7% over the last 3 years and accounts for 56% […]
High Levels of Physical Security VC Investment Continue into 2019 with $355m Raised So Far
This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. Memoori has tracked over 100 emerging players, who are providing physical security solutions tailored to commercial and industrial buildings, out of over 600 smart building startups, according to our recent Startups Report. Since Jan 2018, about 75 new entrants have gained VC investment […]
Public Key Infrastructure could Emerge as De Facto Credential for IoT Devices
You can’t just walk into a secure building and start tampering with the air conditioning or access control systems without proper authorization, such as a pre-registered ID from a trusted company. On the cyber-side of our smart buildings, however, security failings mean that hackers can virtually stroll into the building and access whichever system they […]
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