Survey results also show that a continued focus on the customer experience remains critical for banks and credit unions when it comes to retention.
The U.S. is the most dominate RFID market in the region, forecast to increase from nearly $5.3 billion in 2018 to $9.6 billion by 2023.
The total value of world production of physical security products at factory gate prices in 2018 was approximately $31.6 billion, Memoori reports.
Overall customer satisfaction with home security systems is up 3 points from last year, according to a survey by J.D. Power.
Imperial Capital’s Jeff Kessler and Saliq Khan outline five current trends in their recent report, “Technology Enabled Services Update.”
A SIA survey of industry leaders finds that cybersecurity is expected to be the most impactful trend on physical security solutions they will face in 2019.
Smart plugs, which can be controlled by an app, allows users to turn on and off appliances that plug into a standard wall socket.
As the demand for body cameras increases, so do the requirements for sophisticated digital evidence management ecosystems, says IHS Markit.
The fastest rising category with a five-year CAGR of 39.1% will be smart speakers such as the Amazon Echo and Google Home.
Parks Associates notes voice integration and the development of AI as it relates to image and sound recognition will drive the next generation of IP cameras.