The security solutions market was valued by Marketsandmarkets at USD 257.9 billion in 2019 and is projected to reach USD 397.6 billion by 2024 at a CAGR of 9.0% during the forecast period.

The research company says that key factors contributing to the growth of the security solutions market include growing crime rates and terrorist activities globally, increasing consumer awareness and security concerns and willingness to pay for security systems, rapid development in wireless technologies for fire detection, and escalating demand for do-it-yourself and spy cameras.

The security solutions product market for fire protection systems is expected to hold the largest share in 2019 says the company’s recent report. Enterprises across the world have increased their spending on fire protection measures to protect their infrastructures as well as to reduce risks to human lives. New intelligent sensors have networking capabilities, in which a group of sensors and detectors can communicate easily through control units, leading to increased efficiency in fire protection systems.

The market for security services is expected to hold a larger size of the market during the forecast period. Products such as video surveillance systems, access control systems, and fire protection systems are implemented for various application areas such as commercial, residential, government, transportation, retail, and banking and finance industries. For the smooth and continuous working of all security products, various services such as maintenance and integration services are required. Security systems are useful only when they are properly engineered, designed, installed, serviced, and maintained.

The highest CAGR on a geographical basis for the market during the forecast period lies with the APAC region, as many governments have laid down the safety norms for various sectors; the execution of these policies would create a significant demand for security systems in the future. Furthermore, the technological and economic advancements in the APAC region are expected to drive the overall demand for security solutions market.

ADT, Honeywell, Johnson Controls, Bosch, Hikvision, Dahua, Axis, Secom, UTC, Assa Abloy are just a few of those cited as being amongst the major players this latest report on the security solutions market.

The increasing number of consumers preferring a more effective and convenient way to secure their property has caused the rapid growth of the global smart home security market. According to PreciseSecurity.com research, the expanding trend will continue in the following years, with the worldwide shipment of home monitoring and security devices reaching more than 307 million units by 2023.

The global smart home devices market reached nearly 815 million units’ shipments this year. According to 2019 data, it is forecast to grow at a five-year CARG of 14.4% and reach 1.34 billion items in 2023.

The most significant part of that amount or 339.8 million units are coming from the video entertainment category alone. However, the surveys confirm that home monitoring and security devices are the sections expected to grow the most between 2019 and 2023.

In 2018, this segment of the market recorded 97.7 million sold units. During the next twelve months, the same part of the market reached 156.6 million purchased units. The recent surveys indicate that home monitoring and security equipment like smart locks, surveillance cameras, and video doorbells will account for 22.1% of the global smart home devices shipments in 2023 with a CAGR of 18.4%.

Smart Video Doorbells Expected to Reach $1.4 Billion in Spending by 2023

The statistics show that video doorbells are one of the most common purchasing decisions among smart home shoppers worldwide. This relatively young segment of the smart home market is forecast to reach $1.4 billion in spending globally by 2023.

Recent surveys show that video doorbells are most wanted smart home devices in U.S. broadband households as of 2019. Nearly 4 million video doorbells were sold in the United States during this year, with a forecast to reach 5.6 million units by 2023. Other ordinary items among U.S. smart home shoppers were smart speakers with voice assistants, smart light bulbs, and smart smoke detectors.

Genetec, a leading technology provider of unified security, public safety, operations, and business intelligence, has released new research that reveals as many as 68.4%­ — or almost 7 out of 10 — cameras are currently running out of date firmware.

Installing the latest firmware isn’t just about receiving new features, it also ensures that your devices are up to date with the latest cybersecurity measures.

“Our primary research data points to the fact that more than half of the cameras with out-of-date firmware (53.9%) contain known cybersecurity vulnerabilities. By extrapolating this to an average security network, nearly 4 out of every 10 cameras are vulnerable to a cyber-attack,” says Mathieu Chevalier, lead security architect at Genetec.

The research conducted by Genetec also showed that nearly 1 in 4 organizations (23%) fail to use unique passwords, relying instead on the same password across all cameras from the same manufacturer, leaving an easy point of entry for hackers once only one camera has been compromised.

Research was conducted on a sample of 44,763 cameras connected to systems that are part of the Genetec opt-in product improvement program.

Despite many new surveillance cameras now requiring installers and end users to enter a new password or admin credentials upon installation, there are customers out there older equipment that never updated their passwords, which could potentially compromise other critical data and systems that reside on their network, according to the company.

“Unfortunately, our research shows that the ‘set it and forget it’ mentality remains prevalent putting an entire organization’s security and people’s privacy at risk. All it takes is one camera with obsolete firmware or a default password to create a foothold for an attacker to compromise the whole network,” adds Chevalier. “It is critical that organizations should be as proactive in the update of their physical security systems as they are in updating their IT networks.”

Avigilon Corp., a Motorola Solutions company, announces the latest version of its video management software (VMS) now incorporates facial recognition technology.

The new “appearance alerts” capability of Avigilon Control Center (ACC) 7.4 will help commercial organizations, such as educational institutions and hospitals, accelerate response times by identifying people of interest in enterprise settings, according to the announcement.

For example, the technology can alert the security team at a local high school when a banned or flagged individual has entered the campus.

People of interest are identified based on a secure, controlled watch list created and maintained by authorized users at the commercial organization.

If a potential match is found, the user is alerted within the ACC software, and security personnel can then determine whether further investigation or action is necessary.

“Our latest ACC software delivers substantial benefits to our commercial customers by offering facial recognition technology in a secure and controlled manner,” states John Kedzierski, senior vice president, video security solutions, Motorola Solutions. “The appearance alerts capability enables our customers to move from a reactive approach — staring at a wall of video feeds where critical information can be easily missed — to a proactive approach that brings important information directly to authorized users so they can make better-informed decisions.”

ACC’s new facial recognition capabilities reflect Motorola Solutions’ commitment to the responsible use of artificial intelligence as well as individual privacy rights, the announcement states. The company states that data stewardship is integral to these new capabilities, including building compliance controls into its products to support this.

For example, user authentication is required for these capabilities, audit logs of user actions are generated, data retention periods for the watch list can be specified within the application, and records can be expunged or deleted on demand as well as verified through auditing and reporting.

Data is locally hosted, owned and controlled by the business or school. The data used to train machine learning algorithms is also thoroughly evaluated, ensuring sufficient quantity, quality and diversity to ensure high accuracy and consistent performance, according to the company.

Featuring 14x magnification and the world’s most powerful image stabilization system, the new FUJINON Techno Stabi TS-X 1440 is the flagship product of the Techno Stabi binocular series

The TS-X 1440 is the new top model in the FUJINON Techno Stabi binocular series and offers outstanding optical performance with 14x magnification and the most powerful image stabilization (±6°) for this segment worldwide. The bright, clear and stabilized image provided by these binoculars makes them perfectly suited for outdoor wildlife and astronomical observation.

The binoculars are very versatile. Not only are they used for wildlife and stargazing observations, but they are also utilized by spectators at sports events and audiences at live concerts. FUJIFILM exploits its outstanding optical technologies and design concepts to meet the increasing demands in these fields of application. This results in top products of the highest quality, such as the new FUJINON Techno Stabi TS-X 1440.

The TS-X 1440 is a high-performance binocular with 14x magnification and an extremely powerful image stabilization. The superb image stabilization is achieved thanks to the application of proven and tested FUJIFILM camera lens technologies. The oscillations registered by a gyro sensor are compensated for by a precisely controlled prism in the optical beam path so that a high image stabilization of ±6° is reached.

In addition, the large lens elements, with an effective diameter of 40 mm, contribute to the extraordinary speed of the binoculars, while FUJIFILM’s unique EBC multiple coating reduces annoying lens reflections and ghosting. This coating also reduces chromatic aberration while increasing the transmission rate, resulting in an exceptionally clear and bright image.

Finally, the modern and ergonomic design of the FUJINON TS-X 1440 has been combined with a water-repellent construction to ensure that even when used on a boat or a vehicle, the binoculars are always safe to handle and work quickly, precisely and reliably every time.

Chinese technology giant Huawei filed a lawsuit against the Federal Communications Commission last week, seeking to hit back at U.S. government regulators who have made it difficult for the company to conduct business with American companies.

In November, the FCC voted to forbid American telecommunications companies from using federal subsidies to buy equipment from Huawei and ZTE due to the corporations posing security risks, The New York Times reported.

The lawsuit comes after Huawei was already placed on the Commerce Department’s Entity List, which makes it nearly impossible for U.S. companies to sell products to Huawei and vice versa. While the department has begun to grant licenses to some companies to sell tech to Huawei, many more companies will not be able to do so as long as Huawei and its subsidiaries are on the list.

Huawei already filed a lawsuit against the Commerce Department in June following the decision to effectively “ban” Huawei, which was formerly a large business partner of several companies in the security and video surveillance industries.

While Verizon and AT&T have not used the companies’ chips and other equipment for years, rural telecommunications providers have relied on it and are struggling to transition their systems to other technology.

“The F.C.C. claims that Huawei is a security threat, but F.C.C. Chairman Ajit Pai has not provided any evidence,” Huawei’s chief legal officer, Song Liuping, said during a news conference last week, according to the Times.

“Carriers across rural America — in small towns in Montana, Kentucky, and farmers in Wyoming — they choose to work with Huawei because they respect the quality and integrity of our equipment,” Song added.

Despite the obstacles to selling to and buying from companies in the U.S., Huawei’s business has remained fairly steady, according to the Times.