In recent years, equipment vendors and service providers in the physical security industry have evolved their business models from selling discrete products to a more solution-driven strategy. Fundamental to this transition has been a greater focus on the end user. Instead of promoting standard devices across different vertical markets, manufacturers, systems integrators and consultants are working together to build solutions designed to meet the specific requirements of each customer. Consequently, understanding the demands of a physical security end user is more important than ever before. What is their opinion of cloud or artificial intelligence technology? Why did they choose their service provider? What would make them change providers? Where do their security budgets come from, and will they increase in the future? Rising rates of chronic diseases, requiring more frequent visits to health care professionals, alongside an aging population, has driven demand for new hospitals and health care facilities. The goal of this white paper produced by the Security Industry Association (SIA) and IHS Markit, one of the world's leading research firms, for SIA members is to help service providers and equipment suppliers assess the opportunities and challenges inherent in this market growth and evolution. This paper will:
- Quantify the market opportunity for physical security equipment and services in the health care market in the United States
- Discuss the main trends and market drivers impacting the physical security industry in health care with a focus on transformative technologies
- Present the results of a survey of 50 health care physical security end users in the U.S., covering topics such as technology acceptance, service provider decisions, regulations and budget planning
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