Access Control Trends Shaping Tomorrow's Security

Let’s talk about security strategy! 

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We hosted our event, “Navigating The What, Why, and How of The Modern Workplace,” with Lee Odess, the go-to voice of the access control industry. 

Lee mentioned that access control is slowly getting integrated with video surveillance. Is that a technical alliance, or are we sitting on one of the biggest game-changers that will completely change how we experience security? 

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Not only this, but we are also seeing hardware costs bow down. Why? Traditional security relied heavily on costly hardware components like access control readers. However, these hardware prices are decreasing due to recent technological advances. 

This is where margin stacking also jumps into the picture. Companies traditionally made their profits from selling hardware. "Margin stacking" is a new trend where the focus shifts from high-margin hardware to innovative software solutions, like Software-as-a-Service (SaaS) models, creating a different revenue structure.

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This is just a small part of the picture. We’ve divided this blog to cover all the insights we’ve gathered!

Integration of Video and Access Control

The conventional boundaries between video surveillance and access control are dissolving, giving rise to a paradigm shift in security solutions, according to industry expert Lee Odess. For example, the integration could revolutionize lobby security by combining high-assurance access control with video systems, ensuring convenience and safety.

Margin Stacking Conundrum

Traditional business models centered around hardware are evolving. Lee Odess predicts a downward trend in hardware prices. The industry is experiencing a transition towards software-as-a-service (SaaS) models, where the value proposition lies not just in the hardware but in the capabilities enabled through software. This evolution prompts a crucial question: How will businesses adapt to these changes and redefine revenue streams in a software-centric landscape?

Embracing Disruption due to Market Assumptions and Changes

The market is witnessing significant disruptions, with companies seeking innovative solutions beyond conventional security. Data analytics and workflow automation are the name of the game. There is a broader shift towards multifunctional access control systems. The infiltration of major players like Amazon into the market, with a unique focus on package delivery automation, further emphasizes the industry's transformation into a feature of larger value propositions. How will these disruptions impact the traditional players, and what strategic adjustments are required to stay ahead?

Focus on User Experience

Traditionally, security measures often came at the cost of user convenience. However, we are now at the cusp of witnessing a renewed focus on providing positive user experiences without compromising security. We explore advancements that prioritize user experience, from frictionless access control to tailored security measures. This shift reflects a fundamental change in how companies approach security solutions, considering both effectiveness and user satisfaction.

Building Connected Communities with Online and Offline Integration

The importance of integrating online and offline experiences in the access control industry remains understated. Companies recognize the need to build virtual and physical communities to stay closely connected with customers. With the focus on a mobile-first, cloud-first, and AI-first approach, the industry aims to enhance user experiences. 

Single Pane of Glass

The concept of a "single pane of glass" (SPOG) is gaining prominence, where companies position themselves as providers of comprehensive security solutions. The demand for well-documented APIs and seamless integration drives companies to focus  on delivering comprehensive, interoperable architectures. Lee Odess discusses the importance of offering integrated solutions that bring together various subsystems and applications. This trend towards integration and strategic partnerships raises questions about the future of open systems. 

Crafting tomorrow’s security

In the unfolding chapters of tomorrow's security narrative, Lee Odess provides not just insights but a compass to navigate uncharted waters. The integration of video and access control emerges as a trend. The descent of hardware costs signals an industry shift, with SaaS models taking center stage in revenue structures. Amidst the disruptions, it is becoming apparent that security is no longer a siloed function. The key takeaway is clear: in decoding security evolution, businesses are undoubtedly presented with challenges but also armed with insights with which they can reshape their security strategy.