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What do security 50 companies expect to see in 2021

What do security 50 companies expect to see in 2021
COVID-19 has hurt the physical security industry in 2020. But companies are eagerly looking forward to 2021 when they expect demand to pick up.
Growth, regardless of what happened in 2020, is what most security companies expect. But what would drive this growth is the real question. The pandemic has disrupted traditional demand. Are we going to see a return to pre-COVID demand, or should we look forward to something more?
 
"From what we have observed over the past months, we're positive that the market will continue to grow," said Ray Mauritsson, CEO of Axis Communications. "People have a fundamental need to feel secure and surveillance systems – be that in a private or a public context – can help to create a safer and more secure environment. Many of the technologies that have come to the fore during the pandemic – from contactless access control solutions to people counting technology in retail – will still be relevant and deliver value following the pandemic."
 
Joon Jun, President of the Global Business Division at IDIS, shared similar thoughts, expecting to see continued growth in 2021. However, it's difficult to make precise predictions with so many variables and economic recoveries at different stages globally, including the progress and efficacy of vaccination programs.
IDIS on security 50
Joon Jun
President
Global Business Division
IDIS

Demand for COVID-19 solutions to wane

Jun said that the demand for temporary, pandemic-specific solutions would likely flatten in the coming year. However, it should be noted that the enhanced security and protective measures implemented in response to the pandemic will likely influence new, higher standards for facilities of all types.

"The need for increased automation and efficiency will be critical for some customers, while they will also continue to look beyond initial price points and at the lifecycle costs of their solutions," Jun added. "The adoption of deep learning analytics will be a force multiplier in lowering operating costs by reducing false alarm responses and operator fatigue. Already AI-assisted notifications for object and loitering detection give security teams greater situational awareness, improved detection, and verification, together with faster responses to threats and incidents.  Metadata is also helping to speed up investigations from hours to minutes dramatically."

More of analytics on the way?

The manufacturers we talked to made it clear that there is more to come in terms of innovation. For example, next year, IDIS will launch Fall Detection Solution for retailers, mall operators, logistics centers, and warehouse operators. In these verticals, slips, trips, and falls are frequent, resulting in injury and lost productivity, expensive insurance claims, and time-consuming investigations.

Jun added that there would be the continued demand for multi-layered cybersecurity in video surveillance – an area that was already top of the agenda before the pandemic and one that will continue well into the future.


Safety concerns to persist

The discovery of a vaccine could lower the demand for solutions like thermal cameras. But some companies don't expect the complete withdrawal of pandemic-related solutions. The only difference would be that they may appear more as part of an extensive integrated system.

"Convergence will be a key trend that could continue to drive growth in many areas in 2021, and I look forward to seeing how new technologies and solutions for temperature screening, mask detection, and flow control can create value to end-customers," said Keen Yao, VP of Hikvision Digital Technology. "I believe that these technologies are immensely helpful for our customers and can help them improve their operational efficiency. Of course, the challenge now is how these new technologies can be accepted by the market. For example, how the technology is deployed to users' scenarios, which may need to wait for the market's response, acceptance, etc."
 
Yoon Chang-Soo, Head of MEA and APAC Sales at Hanwha Techwin, added that COVID-19 increased the needs for AI technology in the video surveillance market and significantly aided efforts to make the technology more popular in the field. In the era of COVID-19, there is a growing demand for operational efficiency, which will further develop edge-based AI technologies (object detection and classification) and specialized vertical solutions (Face Mask Detection, Occupancy Monitoring Application).

"The development of 5G will enable AIoT [Artificial Intelligence of Things] to expand from consumer-oriented applications to industrial-level applications," said Fu Liquan, Chairman and President of Dahua Technology. "Sensors, cameras, network infrastructure, big data, cloud, and AI technologies will be the key and core drivers of AIoT. In the past, surveillance mainly focused on basic security services. Now it can reduce costs and increase efficiency, playing a visual management role in various industries and segments."

What would companies need the most

The flexibility of devices is the key, according to Thomas Lausten, CEO of MOBOTIX.  Businesses worldwide are preparing for the next months and maybe years with COVID-19, but they must consider the time after the pandemic as well.

"As such, it is crucial to ensure that technologies are flexible enough to be carried out after COVID-19 for a different type of solution and to be installed in different applications," Lausten concluded. "A security solution today is more than only a surveillance tool, but it is an investment into a smarter future and therefore must be flexible and versatile enough to satisfy different needs, for different requests at different times."

While the current situation demands mainly thermal installations, these applications can be reused for fire prevention purposes if body temperature detection may eventually no longer be needed. Significantly, production facilities benefit from intelligent thermal cameras that can detect potential fires before creating immense damage. Thermal installations can also help prevent intrusion at buildings. This is a demand that is and has always been present. Eventually, being flexible enough to think of applications outside the box would define the company's performance.
 


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