Honeywell has announced that it has achieved a breakthrough in quantum computing that accelerates the capability of quantum computers and will enable the company to release the world’s most powerful quantum computer within the next three months.

To accelerate its development, the company also announced it has made strategic investments in two leading quantum computing software providers, Cambridge Quantum Computing (CQC) and Zapata Computing, and will work together to develop quantum computing algorithms with JP Morgan Chase. Together, these announcements demonstrate significant technological and commercial progress for quantum computing and change the dynamics in the quantum computing industry.

Within the next three months, Honeywell plans to bring to market the world’s most powerful quantum computer in terms of quantum volume, a measure of quantum capability that goes beyond the number of qubits. Quantum volume measures computational ability, indicating the relative complexity of a problem that can be solved by a quantum computer. When released, Honeywell’s quantum computer will have a quantum volume of at least 64, twice that of the next alternative in the industry.

In a scientific paper, Honeywell has demonstrated its quantum charge coupled device (QCCD) architecture, a major technical breakthrough in accelerating quantum capability. The company also announced it is on a trajectory to increase its computer’s quantum volume by an order of magnitude each year for the next five years.

According to the company, this breakthrough in quantum volume results from Honeywell’s solution having the highest-quality, fully-connected qubits with the lowest error rates. “Building quantum computers capable of solving deeper, more complex problems is not just a simple matter of increasing the number of qubits,” said Paul Smith-Goodson, analyst-in-residence for quantum computing, Moor Insights & Strategy. “Quantum volume is a powerful tool that should be adopted as an interim benchmarking tool by other gate-based quantum computer companies.”

Honeywell Chairman and Chief Executive Officer Darius Adamczyk said companies should start now to determine their strategy to leverage or mitigate the many business changes that are likely to result from new quantum computing technology.

“Quantum computing will enable us to tackle complex scientific and business challenges, driving step-change improvements in computational power, operating costs and speed,” Adamczyk said. “Materials companies will explore new molecular structures. Transportation companies will optimise logistics. Financial institutions will need faster and more precise software applications. Pharmaceutical companies will accelerate the discovery of new drugs. Honeywell is striving to influence how quantum computing evolves and to create opportunities for our customers to benefit from this powerful new technology.”

Honeywell first announced its quantum computing capabilities in late 2018, although the company had been working on the technical foundations for its quantum computer for a decade prior to that. In late 2019, Honeywell announced a partnership with Microsoft to provide cloud access to Honeywell’s quantum computer through Microsoft Azure Quantum services.

Honeywell’s quantum computer uses trapped-ion technology, which leverages numerous, individual, charged atoms (ions) to hold quantum information. Honeywell’s system applies electromagnetic fields to hold (trap) each ion so it can be manipulated and encoded using laser pulses.

The global market for do-it-yourself (DIY) standalone network security cameras has been predicted to surge by 80 percent by 2024—a rapid pace of growth that is attracting new competitors and challenging the positions of the current market leaders.

Worldwide revenue for such cameras, which represent a pillar of most smart home ecosystems, is set to soar to $3.6 billion in 2024, up from $2 billion in 2019, according to the latest Consumer & DIY Video Surveillance report from Omdia, the new research company formed as a result of the merger between Informa Tech and IHS Markit technology divisions. The related market for video doorbells is also experiencing rapid growth, with worldwide rising to $750 million in 2024, up from $492 million in 2019.

“Brands such as Wyze, Xiaomi, Hikvision and Ring have quickly risen through the ranks to threaten Arlo and Nest as the market leaders in terms of unit shipments for standalone network cameras,” said Blake Kozak, principal analyst at Omdia. “Due to its competitive camera pricing, Arlo remained in the top spot as of 2019. However, the company’s status will be further tested as competition intensifies in 2020.”

Historically, Nest and Arlo have been the market leaders in standalone network cameras. For example, in the United States in 2017, Arlo commanded a 31 percent market share of global unit shipments, while Nest held a 10.2 percent share. However, as of 2019, Arlo’s share dropped to about 26 percent and Nest to 8.9 percent.

Contributing to the decline in market share for Arlo and Nest is the growing number of brands that offer products with technical specs similar to the top brands. However, these products come with free features that would otherwise incur a monthly fee from the leading brands.

With the new competitors undercutting the established market leaders’ pricing, the initial manufacturer’s suggested retail price (MSRP) is also playing a major role in the erosion of the top-players’ market shares. This factor, in combination with the significant increase in the total number of competitors, has placed added pressure on the industry leaders, such as Arlo and Nest.

Face recognition spurs brand recognition

Moreover, brands such as Swann, Lorex and Night Owl are starting to offer advanced features such as facial recognition, auto-tracking and battery-operated cameras that pair with network video recorders (NVRs). These features will add to the competitive pressure in the standalone network camera market through 2020.

The researchers suggest that product differentiators in 2020 are likely to include new features such as enhanced colour-night vision, audio analytics, edge-based analytics and agnostic storage options, such as the cloud, secure digital card (SD) or network-attached storage (NAS). Furthermore, many more brands are set to join Apple’s Secure Video, which will offer a secure and less expensive alternative for video storage compared to many options available today.

All things considered, Omdia predicts that 2020 will be another exciting year for the consumer and DIY video surveillance market.

In the latest from the security merger and acquisition block, Motorola Solutions purchased U.K.-based video solutions provider IndigoVision, marking the US communications giant’s second video-related acquisition after Avigilon.

The deal, expected to take effect in May 2020, is worth 30.4 million pounds or approximately US$37.2 million, translating into 405 pence per IndigoVision share or 129 percent premium over the company’s 177p closing price on the “last practicable date,” according to a March 17 filing by IndigoVision, which stands at No. 38 on a&s’s 2019 Security 50 compilation.

Both companies cite the deal is mutually beneficial. Notes Pedro Vasco Simoes, Chief Executive Officer of IndigoVision: “The access we will now have to Motorola Solutions’ range of innovative technologies will create new opportunities for IndigoVision and enable us to bring an exciting proposition to the market that allows us to further deliver on our goal of delivering safety, security and business intelligence.”

John Kedzierski, Senior VP for Video Security Solutions at Motorola Solutions, says: “We share IndigoVision’s commitment to providing next-generation, end-to-end video security solutions that enhance safety, security and efficiency. IndigoVision’s end-to-end offering, global presence and customer base will complement our existing and growing presence in video security and analytics.”

This of course is not the first acquisition of an end-to-end video solutions provider by Motorola, which has sought to add to its range of radio communications equipment portfolio video solutions and products to reach more vertical markets and end users. That rationale prompted Motorola in 2018 to make the $1 billion acquisition of Avigilon which has boosted Motorola’s offerings with cameras, VMS’s and storage devices.

Although the IndigoVision acquisition came at a much less cost, it’s nonetheless equally significant in terms of boosting Motorola’s standing in the video surveillance business. For starters, IndigoVision has quite a strong presence in EMEA compared to Avigilon which gets most of its revenu from North America. As indicated by its 2019 financial statement, IndigoVision’s 2018 EMEA revenue totaled $19.4 million, versus $13.1 million for North America and $7.9 million for APAC.

Further, Motorola sees further growth opportunities especially in the area of command center software platforms. This is a main reason why Motorola chose IndigoVision, which in 2019 itself acquired AgoraSys, a Portuguese spinout from the University of Lisbon which provides a unified command and control software platform that integrates different security systems from multiple vendors, including IndigoVision’s own Control Center video management software.

 IndigoVision stands to benefit as well by receiving “the support and resources” of Motorola, which says there are “excellent opportunities to replace current third-party manufactured IndigoVision products with Motorola Solutions products,” according to the filing. Further access to the US market is also cited: “The IndigoVision Directors also consider that the acquisition will provide IndigoVision with improved access to the US market in a way that would not otherwise have been available to it as an independent business,” the filing noted.

Milestone Systems’ Board of Directors announces that Lars Thinggaard, President and Chief Executive Officer, has decided to leave the company. As a result, the Board has started an open search to appoint a successor to Mr. Thinggaard. During the intervening period, Lars Larsen, Milestone Systems’ Chief Financial Officer, will serve as Interim CEO.

Following the announcement, Lau Normann Jørgensen, Chairman, Milestone Group, said: “I am very grateful to Lars for the energy, vision, and heart that he has dedicated to Milestone employees and the community partners. Please join me in wishing Lars the absolute best in all his future plans and endeavours.”

Lars Larsen, Chief Financial Officer and interim CEO said: “I would like to echo Lau’s thanks, Lars has played a crucial role in the development of Milestone. Looking ahead, Milestone is a strong company and well positioned to continue as a leader in the open platform video management software business.”

Lars Thinggaard has been President and CEO of Milestone Systems for 17 years and before this as a member of the non-executive board. For the last six years, since the company’s acquisition by Canon Group in 2014, he has led Milestone as a standalone company in the Group. Under his leadership, Milestone has developed into a growth company with a strong team and a great future.

The global physical security market size is expected to reach USD 171.0 billion by 2027 and is anticipated to register a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research, Inc.

Increasing awareness about securing the perimeter in developing economies has led to a rise in deployment of IP-based cameras in residential societies as well as commercial complexes and offices. Furthermore, the research analysts suggest that increasing terror threats, border disputes, and refugee crises are driving the adoption of stringent safety measures, thereby driving the physical security market growth.

Governments across different countries and regions are taking up smart city initiatives to enhance their infrastructure and are hence deploying improved security systems. Additionally, modernising the existing infrastructure with robust security measures and strengthening the security of government agencies have been some of the top priorities for governments across developed countries. Organisations are increasingly concerned about employee safety and are hence setting up systems to prevent unauthorized access, further driving the demand for physical security solutions.

Grand View finds that China accounted for the largest share of the Asia Pacific market in 2019. The market in China has been strongly supported by the growth in new construction projects and smart city initiatives. Furthermore, the presence of technology giants such as Hangzhou Hikvision Digital Technology Co., Ltd and Dahua Technology Co., Ltd is another factor contributing to the market growth. Companies in the market are focusing on strategic partnerships and acquisitions to enhance their product and service offerings. In August 2019, Dahua Technology Co., Ltd entered into a strategic alliance with Pepper to offer enhanced security to its video as well as non-video IoT services to protect against unauthorised access of data. The partnership, says the researchers, would allow the incorporation of Pepper’s intelligent solutions into Dahua Technology Co., Ltd’s hardware.

Further key findings from the study suggest that video surveillance dominates the physical security market with a value of USD 33.1 billion in 2019 as these systems enable real-time continuous monitoring and help lower chances of theft. Additionally, system integration is anticipated to dominate the market through the forecast period owing to factors such as stringent regulations and demand for cost-effective systems. The residential segment on the other hand is anticipated to register the highest CAGR of more than 7.0% over the forecast period due to growing numbers of consumers taking measures to protect their assets from potential threats.

Key companies cited as playing an active role in the market include, Hangzhou Hikvision Digital Technology Co., Ltd.; Honeywell International, Inc.; Johnson Controls; Robert Bosch GmbH; and ADT. These players focus on adopting strategies such as mergers and acquisitions to enhance their market presence.

ASSA ABLOY has acquired Biosite, a provider of biometric access control to the UK construction industry.

“I am very pleased to welcome Biosite and their employees into the ASSA ABLOY Group. Biosite is a strategic technological addition to the ASSA ABLOY Group. The company will reinforce our current offering within solutions for access control and will provide complementary growth opportunities,” says Nico Delvaux, President and CEO of ASSA ABLOY.

“Biosite offers biometric access- and workforce management solutions to the construction sector; maximizing security and safety whilst providing full visibility to material-, design plans- and people flow on the construction site. Combining hardware, software and services the company is a very good fit with ASSA ABLOY Global Solutions,” says Christophe Sut, Executive Vice President and Head of Global Technologies business unit Global Solutions.

Biosite was founded in 2010, has some 140 employees and the main office is located in Solihull, UK.

Sales in 2019 amounted to about GBP 14 million and the acquisition will be dilutive to EPS from start.

Border control deployments of biometric kiosks, e-gates, video surveillance cameras and fingerprint, iris and face recognition devices will combine to create total revenues of $3.5 billion by 2025, according to global tech market advisory firm, ABI Research.

The demands for higher levels of security, authentication and passenger processing speed in border control have caused identity management to evolve rapidly, forcing an influx of new biometric technologies.

“Not only are these new technologies bringing forth a wide spectrum of monetization strategies for service integrators and stakeholders, they also are creating a new set of challenges,” explains Dimitrios Pavlakis, an industry analyst at ABI Research.

Border control authorities are heavily investing in biometrically enhanced authentication and security measures. These investments are increasing return on investment (ROI) and helping stakeholders develop better-honed monetization strategies. These include streamlining identity management and passenger flow, decreasing processing time, automating passenger authentication, improving the overall experience, and developing new interoperable platforms and services.

New biometric hardware devices like handheld, immigration ID/authentication biometric device add-ons, access control and workforce management have also found their way into border control. Total revenues of biometric devices as well as e-gates, kiosks will reach $1.6 billion by 2025, including passenger registration and authentication, immigration, access control and workforce management.

Additionally, new biometric services allow governments and law enforcement to cooperate with international agencies through shared interoperable platforms and enhance their surveillance and counter-terrorism operation intelligence options across all land, air, and sea borders.

Global surveillance camera shipment revenues for border control will reach $1.9 billion by 2025 due to the push to strengthen border security via new video analytics, behavioral analytics, machine learning and machine vision technologies.

While biometric technologies are currently enjoying an increased penetration rate, border authorities and stakeholders must balance several conflicting variables. “These variables include supporting law enforcement, balancing biometric surveillance operations and interoperable services, decreasing operational latency, automating authentication, and streamlining passenger flow. All while complying with governmental mandates, regulations, data protection standards, and dealing with infrastructure upgrades and cybersecurity investments,” Pavlakis adds.

Biometric vendors and service integrators should take these challenges head-on, revisit the border control value chain, and customize their biometrics-as-a-service monetization strategies based on stakeholders’ ROI demands, expansion plans, and infrastructure requirements.

“Specialization is a key prerequisite, and innovative companies like Gemalto [Thales Group], IDEMIA, Collins Airspace, Gunnebo, Vision Box, Dermalog, HID Global and Aware each are developing their own unique market strategy by targeting different applications like e-gate and kiosk solutions, face/fingerprint/iris recognition hardware options, passenger management authentication, consumer and mobile biometric solutions, inter-agency data sharing, and interoperable service platforms,” Pavlakis concludes.

According to the latest information from Grand View Research, substantial growth in the hospitality sector is driving the need for enhanced security, which is expected to impel demand for smart locks between now and 2027.

The global smart lock market demand is expected to reach 34.9 million units by 2027, registering a CAGR of 21.6% from 2020 to 2027, according to a new report from the research company. Increasing consumer awareness regarding advanced and secure home solutions, along with steady rise in the adoption of connected devices, is cited as being a positive influence on the market.

Findings suggest that a growing number of residential and commercial projects, along with renovation of existing infrastructure, is expected to provide lucrative growth prospects for the industry. Smart locks can be integrated with several home automation devices, thereby providing security as well as convenience for users as they leave or arrive at home. With the growing prominence of smart locks across the residential sector, they are presumed to witness substantial demand, making mechanical locks a thing of the past.

Increased usage of smartphones globally has further paved opportunistic ways for industry participants, since they are continually launching apps to control locking/unlocking procedures. Regular innovations across the market for smart locks are increasingly driving investor interests with, say the analysts, remarkable funding contracts from key players. The industry has witnessed a considerable transformation over the past few years, with an influx of new startups, causing prominent vendors to form in-house hardware connectivity, software, and app development teams. The report suggests that this shift has resulted in market consolidation to a certain level due to numerous acquisitions across the marketplace.

Other key indicators showed that companies such as Airbnb Inc.; Couchsurfing International, Inc.; and other hospitality facilitators require homeowners to provide temporary access to guests, which has resulted in increased adoption of smart locks owing to provision of convenience to both customers and owners. In addition, the residential segment is expected to account for the largest revenue share of more than 65.0% by the end of 2027. Rising smart home penetration is resulting in a higher number of connected devices across the sector.

Geographically speaking, the smart lock market in the Asia Pacific region is expected to grow at the fastest rate over the next few years due to an increasing number of modernisation activities across the residential and hospitality sectors as well as construction of new infrastructure in emerging economies such as India.

Grand View Research analysts believe that the demand for Smart City solutions is anticipated to be on the rise, owing to a number of factors such as growing urban population and the need to better manage limited natural resources for environmental sustainability. Rapid urbanisation, ageing infrastructure, and adoption of new technology, coupled with the need for improved quality of life, are also cited as driving the market growth.

The latest study from the research company states that the global smart cities market size is expected to reach USD 463.9 billion by 2027, registering a CAGR of 24.7% from 2020 to 2027.

Smart cities address a diverse set of problems, such as efficient transportation, smart and enhanced buildings and homes, optimum energy utilisation, and better administrative services. The increasing adoption of novel technologies that complement the management of cities in the future is also a major catalyst for the market growth. The market would also benefit from initiatives taken by national and regional governments, residents, and local businesses to implement projects and tend toward cities’ problems.

The smart city market encompasses several sectors such as healthcare, transport, water, assisted living, security, and energy and their implementation varies from city to city due to the technological penetration in the region. The high amount of initial financial investments, need for the consolidation of different departments and sectors, and lack of a systemic approach may have a negative impact on the industry growth according to the analysts. Nevertheless, the market is anticipated to grow rapidly in the coming years, which would be driven by the availability of technology and an all-inclusive participation of industry stakeholders.

Other findings from the study suggest communication infrastructure and web-based services are anticipated to play a major role towards the global adoption of this type of solution. The inevitable consolidation of services, infrastructure, data, and sensors would significantly help adopt advanced solutions for these cities. The major hindrance in the adoption and implementation of these technologies include concerns regarding the privacy and security of data.

Attempts have also been made at developing consortia to support and standardise the market globally; however, this is limited to certain regions and application areas due to the lack of a systemic approach.

The smart cities market is dominated by major heavyweight companies such as ABB; Cisco; Schneider; Siemens; IBM; GEC; Microsoft; Hitachi; Honeywell; Intel; Oracle; Huawei; and Johnson Controls.