PHYSICAL SECURITY MARKET ANALYSIS

Key Developments

• In August 2022, Uber partnered with ADT to incorporate ADT's mobile safety solutions into the Uber app, providing U.S. users the ability to contact ADT's monitoring specialists by phone or text for live assistance. This integration of ADT's 24/7 professional monitoring under Safe by ADT enhances security for millions of gig economy workers and customers.
• In March 2022, Ouster Inc., known for advanced sensor technology, and Hexagon AB, a leader in security systems, introduced their joint security solution, Ouster×Accur8vision. This innovative video surveillance software enhances security for critical infrastructures such as residential properties, airports, and commercial buildings, bolstering existing systems with advanced threat detection capabilities.
• In February 2022, TUCHWARE, a leading provider of IoT-based solutions in physical security and surveillance, introduced its latest innovation, the XS series smart lock. This advanced technology lock integrates cloud computing solutions to enhance security and convenience.
• In December 2021, Axis Communications, AB, a Swedish company serving private sectors and governments globally, introduced its body-worn camera designed for enhancing the security of government officials. These cameras offer multiple benefits including liability protection, personal safety, and operational efficiency.
• In September 2021, Intel Corporation announced its adoption of a software-based IoT platform for managing both physical security and virtual device access. This system guarantees that only authorized personnel can access devices using keys or access credentials.