Smart Security Tech

Proactive security solutions for the physical world

Overview

Physical security has historically been slow to adopt automation and technology compared with its cyber counterpart. This is now changing, as cloud-based surveillance tools and video analytics platforms have emerged. These tools integrate with existing camera systems and apply technologies such as AI, facial recognition, and cloud computing to help users extract more from security videos, supporting real-time analysis or future investigations. These solutions also help proactively identify suspicious behavior, while traditional solutions were more reactive and primarily used to record crime.

Businesses are leveraging cloud-based surveillance, analytics, and access control solutions that integrate with existing traditional camera systems to deliver real-time remote monitoring and access control. For consumers, do-it-yourself (DIY) security kits are trending; these can be installed without professional help and feature remote monitoring and notifications to detect abnormal activity.

*Note: Additional sections (such as market sizing and incumbents) can be provided on request.

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Overview

Cybersecurity incidents have dominated headlines over the past few years, with pipeline hacks driving gas prices up or privacy breaches that set corporations back millions of dollars. Physical security, on the other hand, has often been overlooked in favor of cybersecurity but is an equally important component in any organization’s security setup.
All the cyber protection solutions in the world will only go so far if a bad actor can simply walk in and access critical systems. Security technologies such as closed-circuit television (CCTV) cameras and “dumb” sensors have been around for a while now, but require human guards at all times to monitor and detect unusual behavior. Because these tools operate offline and independently of each other, they are limited by the capabilities of those monitoring them and the underlying infrastructure.

Cloud-based solutions; the brain to the eyes

Compared to its cyber counterpart, physical security has been slow to adopt automation and technologies such as AI and cloud computing. This is now changing, as cloud-based surveillance tools and video analytics platforms have emerged; they integrate with existing camera systems and apply technologies such as AI, facial recognition, and cloud computing to help users extract more out of security videos to support real-time analysis or future investigations. These solutions also help identify suspicious behavior proactively in contrast to traditional solutions–which were more reactive–that only record crime. 
With the cloud having replaced traditional recorders and systems, scaling to new locations and expanding storage to ingest all the footage requires significantly lower cash outlay. Some solutions go a step further, leveraging edge computing to store and process footage at the edge, resulting in reduced latency and lower bandwidth consumption. Even access control systems are now moving to the cloud, consolidating what was traditionally an on-site, physical process to something that can be managed from virtually anywhere. These systems can alert users for any unusual access behavior, enabling them to take corrective action.
These solutions are available to both businesses (B2B) and consumers (B2C). For consumers, Do-It-Yourself (DIY) security kits are trending; these can be installed without professional help and feature remote monitoring and notifications to detect abnormal activity.

The smart security ecosystem

security_ecosystem
Source: Compiled by SPEEDA Edge based on various sources
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