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For business owners and security professionals tasked with overseeing the safe and efficient management of offices, retail stores and similar commercial establishments, physical security and information technology security continue to rank as top priorities. Though FBI figures suggest that violent crime rates may have decreased in recent years, property crimes remain amongst the most common offenses.

Additionally, business leaders are faced with growing concerns regarding a measurable rise in sophisticated cyberattacks and large-scale data security technology breaches. Research published in 2022 found that the number of significant cyberattacks rose by as much as 38% in a 12-month period, with data published by Verizon in 2023 finding 95% of attacks cost businesses between $1 to $2.25M.

The good news is that with the latest security technology and an operational understanding of modern security concepts and principles, businesses of all sizes can protect themselves from novel threats and begin to develop proactive security systems to mitigate risks.

This guide aims to help business owners and security teams understand the future of security technology and security industry trends to aid in the development of versatile defenses. From information technology and physical security trends and new cybersecurity technologies to insights on the future of security technology for small businesses and large corporations, here’s a rundown of security tech trends in 2023.

What is security technology?

For business owners to understand how best to implement emerging security technologies, they must first learn how experts define different types of security technologies. In a broad sense, security technology is a term used to describe the specific components, devices and operational policies that organizations use to protect sensitive data, physical properties and valuable assets.

The hardware and software components included within this umbrella term range from access control and video security systems used to prevent and deter unauthorized property access to IT security technologies, such as firewalls, encryption programs and cloud security applications.

Physical security technology trends and examples

Effective and reliable physical security systems will typically include the following security tech:

  • Video security cameras

  • Access control systems

  • AI analytics software

  • IoT environmental sensors

  • On-site alarm systems

While in the past, the above security tech may have been deployed as segregated systems, unable to communicate or share data to develop informed incident responses, modern security industry trends, including security camera industry trends, have generally led teams to prioritize integrated systems managed from a cloud-based platform.

The discussion regarding cloud vs. on-premise security technology continues to be a key topic, though the ability for cloud-based systems to be viewed, adjusted and managed remotely has seen at least 90% of organizations pursue some form of cloud adoption.

Data security technology examples

As businesses of all sizes continue to migrate more essential services toward digital platforms, monitoring cybersecurity trends becomes increasingly important. The following are popular types of security data technology:

  • Firewalls

  • Encryption services

  • Multi-factor authentication (MFA)

  • Ransomware detection

  • AI data analytics systems

Traditionally, advancements in security data technology have been limited to updated versions of the existing firewall, ransomware detection and antivirus software, though cybersecurity trends in 2023 suggest an increasing interest in proactive AI solutions and machine learning algorithms.

Figures published by Forbes in 2023 show that of 600 surveyed business leaders, over 50% currently use some form of AI technology to improve cybersecurity and fraud detection systems, with supporting data from IBM finding that 64% of business executives report that they are using AI for security capabilities with 29% evaluating the implementation.

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What are the components of security technology? 

For a business security system to offer effective and reliable protection for physical and digital assets, each hardware and software element will need to be developed in line with the four main components of security technology. These principles outline how each element should function.

No matter where you may sit on the cloud vs. on-premise security technology debate, security tech professionals agree that the following to be the primary components of the latest security technology:

  • Prevention — All new security technology products must be designed and configured to prevent common threats. Examples include implementing MFA policies to mitigate the risk of lost access credentials and installing visible video security like PTZ camera systems to deter intrusions.

  • Deterrence — All active security technologies should act as obvious deterrents to criminal activity. Installing visible access control readers and smart door locks will cause intruders to reconsider trespassing, as will the presence of security gates and alarm systems.

  • Detection — The faster a security breach or intrusion event is detected, the less physical or financial damage it will cause. Security trends in 2023 mirror this principle via the increasing popularity of automated systems programmed to perform immediate incident responses.

  • Response — Despite most modern businesses having active security systems in place, around 7 million property crimes are reported each year. Though preventative measures are important, an effective security system will help staff improve incident response times.

The importance of converged security technology systems

What is security convergence?

Security convergence is a term used to describe the integration of traditionally siloed security systems, in particular, physical security devices and information security technologies. As more businesses begin to rely equally on physical and virtual systems to protect themselves from threats, potential gaps in security between these systems become increasingly concerning.

Under a converged security strategy, internal security and IT teams are instructed to implement new security technology and operational policies created in line with physical and cybersecurity best practices. This minimizes the risk of one team unintentionally exposing vulnerabilities in the opposing system and ensures that essential knowledge is shared equally between departments.

Security convergence continues to be well-represented by cyber and physical security trends in 2023, with 60% of surveyed businesses claiming to operate either fully or partially converged security systems and the adoption of integrated solutions is expected to grow in the coming years.

The factors shaping new and future security technology 

Security trends are influenced by a number of industry-specific and wider societal factors that contribute to the popularity of certain solutions and the development of future security technology. In 2023, these factors reflect changing attitudes toward work and innovations in smart technology and bring greater focus to the discussions around cloud vs. on-premise security technology.

Research suggests that the three most prominent factors influencing 2023 security trends are:

  • Remote and hybrid working — 58% of US workers have reported they have the opportunity to work from home at least one day a week, with 63% of high-growth companies operating hybrid work models. The formation of decentralized teams requires increased investments in cloud-based tech.

  • AI analytics and machine learning — 77% of companies are exploring the use of AI technology to improve operational efficiency, with key benefits found in the creation of automated incident responses and data-informed decision-making to aid teams.

  • Zero trust and MFA policies — With support from advanced access control systems and MFA, zero trust policies ensure that in-person and remote staff are frequently verified when accessing private networks to prevent significant data security technology breaches.

Future security technology is likely to involve increased reliance on converged security policies and integrated systems, with cloud-based management platforms enabling teams to view and adjust essential devices remotely. High-tech security systems, informed by AI analytics, will continue to assist teams in improving efficiency and creating automated incident responses.

These insights provide a general overview of what business owners can expect from future security technology in years to come but to help employers improve existing systems, let’s focus on the new security technology innovations currently impacting businesses across major industries in 2023.

Final thoughts on the future of security technology 

Understanding emerging security technologies and prominent cyber and physical security industry trends is often key to modern organizations developing proactive strategies and truly reliable security policies. However, business leaders, physical security professionals and information technology security experts must work together to plan the implementation of the latest security technology in line with existing systems and projected growth.

Leveraging emerging security technologies alongside trusted policies and effective security management can help businesses to future-proof their operations and improve the efficiency of daily tasks, with many cyber and physical security technology trends of 2023 reflecting this via automated processes and remote access functionality. It’s expected this will remain the case with regard to future security trends.

By assessing the physical and cybersecurity trends covered in this guide and working closely with relevant departments to develop detailed installation and integration plans, businesses of any size should be well-equipped to update and improve existing security measures. 

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