The ‘20s are here and security integrators have come roaring in with expected revenue growth of 19 percent this year, in the wake of 16 percent last year.
Security integrators expect their brilliant business performance of 2019 to continue into 2020, according to results of SDM’s Industry Forecast Study, a report published each year since 1982.
CPI Security has found that doing all functions in-house is the key to providing a first-class employee experience, staying on top of the latest technologies and keeping customers happy and engaged — all of which drive growth.
The venue for the 14th annual Axis Connect & Converge Conference (ACCC) was symbolic of the theme conveyed by host Axis Communications throughout the two full days of the meeting.
As one of six distinct security-related divisions of a global powerhouse, this year’s Systems Integrator of the Year draws on the history of not one, but two long-standing companies, along with a deep commitment to its employees and customers, and a strong understanding of technology to distinguish itself from the competition.
As one of six distinct security-related divisions of a global powerhouse, this year’s Systems Integrator of the Year draws on the history of not one, but two long-standing companies, along with a deep commitment to its employees and customers, and a strong understanding of technology to distinguish itself from the competition.
With a smart home market that is staying strong, if still in flux, now is the time for reinvention if security dealers want to find their groove and meet opportunity head-on.
Is the smart home market maturing and stabilizing, showing a clear path forward for security dealers wanting to capitalize on the new desires of homeowners to interact with many areas of their home life, including security? Not exactly. But there are definitely signs that it has moved to another level of adoption and interest, making the time ripe for action on the part of those who want to adjust their business model to capture opportunities and revenue in this fast-growing space.
Security integrators ranked on the 2019 Top Systems Integrators Report collectively grew at least 14 percent last year. Demand is abundant and stemming from every market sector.
Security integrators describe the 2018 market for integrated security systems as “strong,” “hot” and “accelerated” — all apt terms, given that the nation’s largest integrators grew their systems integration revenue by at least 14 percent last year.
When asked about their biggest challenge in the coming year, security integrators and manufacturers alike often say the same thing: attracting workers.
Security integrators and manufacturers see renewed interest from end users in the features, benefits and use cases access control can provide, and are starting to see an uptick in retrofits and upgrades.
For decades the dominant story in access control has been that it was a victim of its own success: that is, customers were reluctant to change out what was still working — even 15 or 20 years on — and didn’t see the benefit in spending the money to upgrade, even for significantly new or different features.
While many security dealers on the SDM 100 Report describe 2018 as an “average” year, the numbers show 5 percent growth in RMR and some peculiar market forces at work that may be shifting generalist dealers to become specialists.
Technology advancements, updated codes and communication needs are driving the fire market forward, leading to a very bullish outlook for 2019 and beyond.