Ever-increasing vulnerabilities to crime and consistent technological advances have led to a surge in the global demand for smart buildings. Largely driven by the Energy-saving and security requirements of the occupants the demand for home automation will continue to grow at a CAGR of 9.9 percent during 2020-27 of which the security and safety segment alone is expected to grow at 10.1 percent CAGR for the next 7 years.
This post will discuss various developments in real estate security and how the sector can benefit from the same.
Why is it Important To Invest in Security Solutions?
Property needs protection at all times from trespassing, theft, vandalism, and much more. Fully occupied buildings need integrated security solutions for better management of parking lots, keeping an eye on the kid’s play areas, lobbies, and other unmanned areas. Vacant apartments attract miscreants who may cause damage to the property, steal accessories, wiring woodwork, and much more.
Additionally, when there is construction work happening on your property it is important to ensure that the workers comply with various safety regulations to avert accidents. Security solutions can ensure compliance and thereby reduce mishaps on your property. Furthermore, workers will not be there 24X7 to guard your property. When the property is vacant it is vulnerable to organized crime leading to material loss.
Conventional CCTV has been used extensively by property owners to keep their families and employees safe. However, in the past few years, there has been a gradual shift towards IP cameras. Easy access to dimly lit areas like backyards, garages, and parking lots from a centralized location is one of the key attractions of the new-age IP surveillance cameras. Additionally, they can also be integrated with devices like fire alarms, burglar alarms, and access control solutions to provide a total security solution for your property.
Mismanaged parking lots can be a major cause of dispute among the residents. Issues like unauthorized and haphazard parking are quite common. Research suggests that parking lots are also the most likely settings for a crime. All of the parking-related concerns can be easily taken care of with modern-day parking management solutions.
The real estate sector stands to gain hugely from investing in automated surveillance solutions as it keeps the occupants safe and gives them a complete peace of mind. Additionally, smart surveillance solutions also boost the valuation of the property and increase the profitability of the project for the builders.
What Should Property Developers Consider While Selecting a Building Security System?
The building security system usually involves guarding the perimeter against intrusion and giving selective access to the occupants and other visitors. Before designing the security system the property owner needs to ask, what is it that they are trying to protect and what could be the possible security threats. Having a clear understanding of the concern at hand goes a long way in choosing the right security solution.
Based on the requirement the security solution will be meticulously designed to provide a comprehensive security solution. At this stage, it is always better to involve experts who will ensure that all vulnerable spots are adequately safeguarded. While designing a security system one needs to ensure that the capacity of the system should be appropriate to meet the requirements and it should be scalable to meet future needs as well.
Currently, most real estate owners are moving away from reactive security systems to futuristic proactive and predictive security systems to help raise a red flag at the right time and prevent the occurrence of crime. A good security design will provide redundancies in case a camera fails to capture images. Keeping an eye on the latest security trends will go a long way in choosing the latest security solution for your premises.
What are the Emerging Trends in Real Estate Sector?
According to a report, India and China have the highest density of CCTV cameras in urban areas. However, close to 63 percent of these cameras are conventional analog cameras that provide reactive security and may not be very useful in the prevention of crime. That said, the security surveillance industry is steadily shifting from analog cameras to IP cameras. The Indian surveillance industry has grown at the rate of 20-24 percent in recent years.
The real estate sector is also investing in technologically advanced surveillance cameras to ensure the safety of the occupants. Like many other industries, IoT is set to revolutionize the security surveillance industry as well. Large township projects in metro cities are combining IP surveillance cameras with other security systems like alarms and access control to create proactive security solutions, improve efficiencies and increase the profitability of the property.
Additionally, the need for better security solutions has increased the demand for high-definition (HD) and Ultra-high-definition (UHD) images for evidence gathering and designing comprehensive security solutions. While better images can be attained with UHD images it could significantly increase the storage and transmission cost. However, superior encoding technology and better bandwidth availability make it possible to capture and transmit high-quality images without increasing the cost.
Cameras with better capabilities to capture images even in low light conditions will be the cameras of the future. Other multi-dimensional features like detection of smell, temperature change, and sound will help the security officers raise alarms and take corrective action. However, with increasing video surveillance presence and data capturing capabilities there will be a need for higher levels of cyber security and data privacy protection. Physical security solutions will have to be combined with cyber security for overall protection.
What are the Best Security System Solutions?
The key to making your properties safer for the occupants lies in integrating various security and peripheral devices to provide comprehensive security solutions. Technologically advanced video analytics software has made it possible to provide various solutions like parking management, weighbridge integration, perimeter security and so much more. However, as the video analytics software continues to evolve the security industry will see the emergence of better security solutions that will reduce the incidents of false alarms.
The commercial security solutions used in India and globally that will continue to dominate and evolve in the coming years are remote surveillance solutions. The convenience of monitoring multiple locations from one place reduces the manpower cost and ensures surveillance at regional and central locations.
Cloud technology and the Internet of things are reshaping the security industry as it benefits from machine learning and artificial intelligence. Cyber security is being considered to safeguard data and information.
To Sum Up
Independent house owners will have their own arrangements to safeguard their property. However, large housing societies can hardly rely on those arrangements to protect their parking lots, parks, walkways, lobbies, and much more.
Integrated security solutions help provide customized security solutions to manage your building. However, choosing the right security solution for your premises could be a daunting task. You could connect with experts at Matrixcomsec to find the best solution to meet your needs.
Matrix has been providing security solutions for over three decades for various businesses. To know more about our Security Systems speak to experts on our toll-free number 1800 258 7747 or write to us at Inquiry@MatrixComSec.com
