The demand for physical security solutions among small and medium-sized businesses (SMBs) is surging. As these businesses grow, so do their security needs, which range from protecting assets to ensuring employee safety. Unlike residential security systems, SMB-focused solutions cater to commercial spaces such as offices, warehouses, and retail stores, addressing businesses’ distinct risks. In this article, Harshada Dive shares Allied Market Research’s findings on the global physical security market.
Advancements in technology have made these solutions more affordable and easier to install, even for companies with limited budgets. Integrated systems offering real-time monitoring and remote access allow SMBs to respond quickly to potential threats while staying compliant with industry regulations. According to Allied Market Research, the global physical security market is expected to grow at a compound annual growth rate (CAGR) of 6.5%, highlighting the rising demand for effective security solutions in this sector.
Smart Technologies Transforming SMB Security
The rise of cloud-based access control has been a game changer for SMBs, allowing for remote management of entry points while reducing hardware costs. Scalable subscription models further help businesses adjust security as they expand. AI-powered surveillance systems from companies like Verkada and Avigilon are also aiding the physical security by reducing false alarms and improving monitoring accuracy, enabling faster responses.
Integrated systems driven by the Internet of Things (IoT) are also becoming essential. By combining surveillance, access control, and alarms into one platform, SMBs can have a complete view of their security landscape. User-friendly mobile platforms are making it even easier for businesses with limited staff to manage security in real time.
However, with more connected systems comes the threat of cyberattacks. Manufacturers are increasingly building in encryption and multi-factor authentication to secure both physical and digital assets, a necessary step to ensure complete protection for SMBs.
Matrix and i-PRO Lead Industry Innovation
At InnoMetro 2024, a global event for rail transportation, Matrix showcased security solutions designed for metro rail systems, highlighting its ruggedised IP cameras and RDSO 6.0 compliant models developed for Indian Railways. Matrix’s solutions, which combine high-quality video with robust, hack-proof features, demonstrate the adaptability of advanced security systems for both critical infrastructure and smaller enterprises.
This year, i-PRO also unveiled its AI-powered Corner Camera, designed for high-security environments like correctional facilities. The camera’s compact size, durability, and advanced AI capabilities—such as Privacy Guard and People Detection—are setting new standards in surveillance, making it a key innovation for facilities needing top-tier security.
Why SMB Security Is Booming
As Allied Market Research notes, the SMB sector is seeing substantial growth in physical security solutions. With cutting-edge technology making security systems more accessible and cost-effective, SMBs can enhance their protection without compromising on flexibility or efficiency. By embracing AI, IoT, and cloud-based solutions, businesses are not only safeguarding their operations but also future-proofing their security against evolving threats.