6 Major Security Industry Trends in 2023

From game-changing technological advances to a stronger emphasis on strengthening data privacy, there is no doubt that 2023 is the year of innovative trends in the security industry. Are you keeping track of these trends so far? If not, then now is the perfect time to catch up on the major security industry trends that are set to reshape the sector. 

In this post, we will get into detail about why it pays to learn the current trends and discuss the six major security industry trends to watch in 2023. Without further delay, let’s get started. 

Why You Should Stay Updated on the Major Security Industry Trends 

The threats to security are increasing day by day. As such, it is important for the security sector to improve security measures constantly. One way to achieve this is by simply staying up-to-date on the current trends that impact the security landscape. 

Whether you are new in the security industry or not, having sufficient knowledge of the current trends in the industry can guide you in innovating your products and planning strategies best suited for your target consumers. In addition, adopting current trends can help drive business competitiveness and maintain relevance in the changing business landscape. 

Major Security Industry Trends in 2023 - Analyzed

With a market size valued at $119 billion in 2022 and an expected Compound Annual Growth Rate (CAGR) of 8% from 2023 to 2030, it’s safe to say that the global security industry is one of the most competitive markets today. Hence, it is vital for security agencies to stay informed on the trends to make decisions that can help them get ahead of their rivals.  

If you are ready to embrace the major trends in the security industry today, make sure to read this post until the end.

1. 24/7 Imaging Technologies 

Despite the installation of security cameras in many establishments, security at night remains a persistent concern due to insufficient lighting. Thankfully, modern technologies stepped in to address this issue, offering innovative solutions to enhance night-time security measures.

At present, many security agencies are turning to bi-spectrum fusion technology that utilizes two sensors to combine infrared (IR) and visible-light imaging. This technology helps security companies to obtain footages that have vivid colors and clear details, even if there is limited light. Artificial Intelligence (AI) is also being employed to improve imaging capabilities through advanced machine-learning algorithms. These technologies have enabled security agencies to capture sharp images of security footage even at night when light is scarcely available. 

2. Artificial Intelligence of Things (AIoT) 

The Artificial Intelligence of Things, or in short, AIoT, is a trend in the security industry that has been picking up speed in recent years. Essentially, it combines the Internet of Things (IoT) and Artificial Intelligence (AI) to protect and monitor risks on devices and networks. It integrates machine learning algorithms with the data in surveillance devices, enabling real-time data analysis, people recognition, and more. 

There are various applications of AIoT in the security sector today. These applications include:

1. Digital Twin
2. Surveillance and Video Analytics 
3. Smart Alarms and Intrusion Detection
4. Cybersecurity 
5. Autonomous Security Robots

3. Increased Emphasis on the User-Friendliness of Devices and Systems

Many industries, including the security sector, are facing workforce shortages, rising labor costs, and economic difficulties. In response to these, security agencies are investing in improving the user-friendliness of their devices and systems for efficiency and reduced costs. 

One of the popular ways in which security agencies are improving the user-friendliness of their devices is by developing mobile apps. Security companies today are utilizing simplified mobile applications that are easy to use for many individuals, reducing the need to hire specialists and spend on labor costs. Additionally, security devices, particularly surveillance cameras, can now be connected over wifi networks using digital devices. This encourages more flexible and convenient security monitoring that doesn’t require agencies or users to spend on highly sophisticated devices. 

4. Sustainability

While the security sector is not a key contributor to carbon emissions, the sector is not safe from the effects of climate change. Hence, the sector is expected to implement sustainability efforts to help heal the environment. 

In recent years, we have observed an increase in the number of security agencies opting for solar-powered security cameras and recyclable materials for packaging security devices. Many security companies are also favoring products with longer life expectancies and efficient energy use. 

5. Strengthened Cybersecurity With Zero Trust and Enhanced Data Privacy Measures

As the world becomes more technologically advanced, online threats are also becoming more prevalent. Hence, many security agencies are currently implementing Zero Trust and enhancing data privacy measures. Zero Trust is a cybersecurity measure that aims to prevent data breaches. The Zero Trust approach advocates the principle of "never trust; always verify" when it comes to connected systems. According to Zero Trust, the security of a complex network is constantly exposed to both external and internal threats. 

In order to implement Zero Trust, security agencies generally utilize the Network Access Control (NAC) system to monitor who and what is attempting to access a network. After that, they segment the network and create policies to protect them. 

In addition to Zero Trust, security agencies are also enhancing data privacy measures to protect their customers from online threats. Data privacy helps individuals to control what information to share with the public and which ones to keep personal and secure. To strengthen data privacy measures, many security agencies utilize more complicated encryption to protect consumer data from intruders. By encrypting data, only those with the decryption key or password can access or modify the data or files. 

6. The Cloud 

"The cloud" is a term used to refer to servers and the software and databases in them that are accessible via the Internet. Its use has been prevalent among many businesses today, and security agencies are no exception. 

Operating over the cloud allows security agents to move vital computing and data storage to a central location that can be easily secured. It also allows improved accessibility as users can easily manage and access their files on any devices connected to the internet, no matter where they are. Consequently, this allows security agencies to reduce costs as they won’t have to hire additional IT personnel to maintain databases. Cloud services also offer disaster recovery functionality minimizing the likelihood of losing essential data.

Stay on Trend With the Ultimate Security Agency Management Software

If there is one thing that most trends in various industries have in common, that is certainly technology. Integrating technology into different aspects of business has been a vital move for many industries to keep up with the trends in the fast-changing world. Have you adopted technology in your security agency so far? If you haven't, StaffConnect is here to help you bridge the gap.

StaffConnect is a business management software developed to streamline time-consuming tasks and automate repetitive processes. It helps in boosting your productivity and efficiency as well as saving time and effort so you can focus more on things that can help your business grow further. Some of the must-try features of StaffConnect include GPS check-in and out, calendar integration,payroll, data collection functionality, a communications hub, and more. 

Take the first step towards integrating technology into your business and stand out among your competitors. Try out StaffConnect for free here.