Physical Security

Security

Exploring iLoq Financials & the Mechatronic Lock Market

February 25th, 2022
Security

Allegion Annual Report 2021 Examined

February 21st, 2022
Smart Buildings

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 […]

Security

The Rise of Open Physical Security Interoperability

Integration of building systems has been a topic of continuous discussion for over 20 years. While numerous technology silos have been brought together through top-end proprietary software, none have had the variety, robustness, or price point to make a real impact on the mass market. In the physical security segment specifically, “integration” and “IT convergence” […]

Security

The Security of Supply & Supply of Security

Despite almost two years of challenges and uncertainty posed by the COVID-19 pandemic, the global physical security market has demonstrated a remarkable degree of resilience. The pandemic is reshaping the industry, turbo-charging certain emerging business models, whilst it also continues to make our societies safer; not just from the pandemic but also from crime and […]

Security

Customers Find Security in the Cloud During COVID

There has been a steady transition towards cloud-based as-a-service business models for smart building services over the past decade. This gradual shift began to challenge long-established business models, relationships, and channels of distribution and was met with some resistance from certain segments of the industry. These cloud-based as-a-service business models require that manufacturers and systems […]

Smart Buildings

Robust Market for Smart Buildings M&A in 2021

A record number of acquisitions (286) in the smart buildings space in 2021 accounted for a 31% increase on 218 deals in 2020 and a 10% increase on the previous record of 259 transactions in 2019.  There was a robust market for mergers and acquisitions (M&A) among both security product manufacturers and systems integrators last year, […]

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