target audience: TECH SUPPLIER Publication date: Jan 2024 - Document type: IDC Survey - Doc Document number: # US51755123
The Worldwide Physical Security Technology Market: Results from IDC's 2024 Physical Security Technology Market Survey
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Abstract
This IDC Survey examines results from IDC's 2024 Physical Security Technology Market Survey.
The physical security technology market is evolving into a business-aware intelligence platform that not only provides an integrated threat assessment but also provides comprehensive telemetry on business operations. Of course, this requires the adoption of complex platforms and artificially intelligent analytics that can correlate multiple data sources as well as integrative technology that can present information in a single-pane-of-glass user interface.
This year's survey illustrates the degree to which users are now looking for this physical security integrative technology, but also their perception of how close vendors are to delivering solutions in this space. The good news is that users are planning around this technology being available in a few years — as opposed to immediately — and are increasing their physical security spend to prepare for such advances.
The bad news, however, is that users expect that their physical security technology vendors will have a plan for the evolution of their solutions to facilitate a pervasive physical security ecosystem. Point solutions are increasingly less attractive than platform-compatible ones.
This year's survey provides insights into the worldwide market for physical security technology, with a special emphasis on video surveillance technologies. Survey respondents represent the major global market geographies and a wide variety of market verticals. Interested parties will be able to glean valuable insights into the dynamics of the physical security technology market and will find a firm foundation for strategic planning efforts around solution development and solution implementation.