January 25, 2006—The push for radio frequency identification (RFID) as a standardized process in supply chain management has experts predicting the technology’s deployment will grow 25 percent by 2008, according to the annual Lehman Brothers Security Industry Report.
Other technologies projected to grow significantly by 2008 include smart cards and token cards (20 percent growth); video surveillance (15 percent); homeland security detection equipment (15 percent); and electronic and photo access control systems (10 percent).
The security services side of the market continues to undergo consolidation, the report says. “Risk mitigation, manned guarding and security systems integration have replaced the larger alarm monitoring industry as areas involved in the most active consolidation,” the report adds.
The report details other trends in security technologies, including:
- The first real US and foreign government orders for biometric systems, which are critical for creating the reference sites and beta tests that will be required for eventual major commercial adoption;
- Video systems that are increasingly reliant on software and networking systems to create “smart video” systems; and
- The increased role of larger suppliers for equipment consolidation by large companies that want to centralize security functions.
The report’s industry estimates are based on Lehman Brothers research, with secondary research from Sandra Jones and Co., Barnes and Associates, SDM magazine, ACCESS CONTROL & SECURITY SYSTEMS magazine, Freedonia Group, Intl. Biometric Group, FirePro, Frost and Sullivan, Automated Identification Manufacturers, USBX Advisory and Venture Development Corp.
For information on purchasing he report, visit the Sandra Jones and Co. Web site.
