Trends & Industry Issues

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The good news is that the big takeaways were mostly positive, in spite of going on year three of a worldwide pandemic, ongoing supply chain issues, a looming recession and inflation issues.

Continual developments in NVRs owing to increased penetration of security surveillance devices in residential and industrial settings are driving market expansion, according to Fact.MR.

When it comes to product availability problems, integrators need to focus on what they can control by leveraging risk mitigation strategies.

The U.S. market is projected to be increasing at a compound annual growth rate of (CAGR) of 17.2% during the forecast period.

Brivo, a provider of cloud-based access control and smart building technologies, released its 2023 Top Security Trends Report which identifies user experience and convenience as rapidly emerging drivers behind the adoption of new physical security solutions.

At the recent Barnes Buchanan Conference, held February 9-10 in Palm Beach, Fla., financial lenders, investors, security dealers and monitoring companies came together to discuss the state of the industry from a financial perspective. 

According to Future Market Insights, the global concealed weapon detection systems market is anticipated to expand at $1.2 billion by 2031.

Despite continuing battles with the supply chain, spiking inflation and other obstacles, the video sector remains on a robust, upward trajectory. 

The U.S. is projected to remain the most dominant smart home market with an absolute dollar growth opportunity of $9.8 billion through 2032, according to Future Market Insights. 

Hikvision and Dahua have been roiled in controversy for several years as part of the United States government’s ongoing efforts to protect national security by ensuring potentially compromised technology.