As code requirements tighten and safety initiatives advance, fire protection and security services remain in demand. It’s no surprise, then, that companies that integrate these systems are also on the rise.
One major factor driving this growth is the increasing popularity of smart technology. By combining fire alarm and security systems with connected devices, businesses can improve their overall safety. They can also streamline their operations and save on costs.
Another driver is the shift in the work world, which now finds more employers offering flexible work options. To offer this securely, businesses need more access control capabilities. They also need an easy way to keep an eye on all safety and security equipment, which could be more vulnerable to tampering.
Let’s look closer at what integrated security services are and why the market for them will stay strong for a long time:
What Are Integrated Security Services?
Integrated security services are basically service “bundles” that combine fire, life safety, and security systems installations, monitoring, and maintenance into one centralized security service offering. What types of systems are included in each offering is dependent on what each integrated security company is able to offer. These combined services can also be customized to fit the needs of the customer.
These systems integrate multiple surveillance and protection technologies, such as video cameras, access control devices, and alarm systems. This allows for seamless monitoring and response to potential threats. They can also centralize some fire protection systems with these security systems to allow for easier control. While not all systems are eligible for integration, there are different options that integrated security companies can offer that can simplify the management of the systems’ inspections.
Integrated Security Examples
Integrated security solutions are not all comprehensive. This means that not all integrated systems include property surveillance, 24/7 monitoring, alarm systems, or integration with fire safety systems. Each system may include some of those components. It depends on the building itself, the needs of the customer, and the capabilities of the company providing the services.
What are some examples of integrated systems in action? An integrated surveillance and access control system might allow a user to watch who is entering and exiting the building from a centralized device. This same device could allow him to grant or deny access. An integrated fire and security alarm system might share a control panel. This panel would allow the user or first responder to read error codes or alerts for either system in the same place. An integrated video surveillance system might include access control, a security alarm, and a 24/7 monitoring service. These enable a user to spot an intruder on cameras and deny him access with the touch of a button while calling police simultaneously.
Technology has paved the way for many new security integration trends. But, the examples above are core to the integrated security systems market and have continued improving and evolving over time. These types of systems often form the foundation for additional services that are able to be added on with today’s technology.
Why Integrated Security Solutions Are Even More Popular Now
Several things have heightened the need for integrated security solutions. One of these is the increasing frequency and severity of security threats. Another is the world’s shift to hybrid models of work. Concerns continue to grow in both the physical and digital realms. The integration of security systems allows for a more seamless and efficient operation, as all aspects of the system can communicate and work together. This can result in enhanced security coverage and response, as well as cost savings from streamlining operations.
The market is also being driven by the increasing demand for advanced technology, such as biometric and video surveillance systems, in both the commercial and residential sectors. Additionally, government initiatives and regulations are driving adoption of integrated security systems in industries such as healthcare and financial services. The demand for keyless access and intermittent traffic in office buildings and medical facilities has created a need for better ways to monitor who can enter your building at any time.
With all these factors at play, it is no surprise that the global integrated security systems market is projected to reach a value of nearly $33.9 billion by 2027.
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At AFS, we have a long track record of successful sales and acquisitions in the security industry. Our team has the expertise and resources to ensure that you get the best deal for your integrated security services business if you’re looking to sell.
Thinking about expanding within the integrated security sector? There’s a lot of opportunity to be found – and we have financing available to enable you to grow your company without the wait.
Contact us today to learn more about our services. You can fill out our confidential form here to get the conversation started. You can also call AFS owner Rory Russell directly at 800-354-3863. As a former alarm business owner himself, he understands your company’s unique value and is a trusted advisor when it comes to getting the right price for your business or capitalizing on the opportunities for growth within the current security market.