White paper - The impact of COVID-19 on physical security markets

Analyst Opinion 07 May 2020 Jon Cropley Josh Woodhouse Oliver Philippou Anna Sliwon-Stewart Bryan Montany Tommy Zhu

The economic consequences of the coronavirus pandemic will undoubtedly hit the professional video surveillance, intruder alarm and electronic access control markets hard. Despite the gloomy overall outlook for the global market, there are a small number of new opportunities for vendors in regards to specific verticals and technological trends.

The economic consequences of the coronavirus pandemic will undoubtedly hit the professional video surveillance, intruder alarm and electronic access control markets hard. The greatest impact has been felt in new construction projects, which have stalled across the globe in the wake of the downturn. Global supply chains for crucial components of security equipment have been threatened, and demand has been negatively impacted across most vertical markets. It is almost certain that the global market will decline in 2020, though the rate of this decline will depend greatly on the length and extent of measures necessary to combat the pandemic.

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The Analyst Team

Oliver Philippou

Research Manager, Physical Security

Oliver is responsible for the core strategy, personnel, research, analysis, and commercial planning of the physical security technologies portfolio. As an authoritative voice in the security group, he covers the significant and sensitive field of physical security, focusing on video surveillance.

Oliver joined the company in May 2011 and has authored many research projects on various physical security equipment and end user markets. He has also led custom research engagements and strategic consultancy projects for some of the world’s largest technology providers and established new syndicated research on emerging and transformative technologies. His numerous reports contain timely updates and thoughtful guidance on current hot-button subjects, such as video surveillance, the role of AI in physical security, and cloud video surveillance. Oliver holds a master’s degree in program and project management from the University of Warwick in England.

Oliver Philippou

Bryan Montany

Senior Research Analyst, Physical Security

Bryan is a senior analyst with Omdia’s physical security group and is responsible for maintaining and updating the content of the Access Control Intelligence Service. Over the past five years, Bryan has emerged as a leading voice in identifying new trends and market developments impacting market demand for physical electronic access control equipment and services.

Bryan began his career as an analyst in 2017 after he transitioned from a previous background as an attorney. In addition to his annual coverage of the access control market, he has previously written syndicated reports covering building automation equipment, HVAC equipment, physical identity and access management (PIAM) solutions, access control as a service (ACaaS) solutions, biometrics, and smart buildings. Bryan is also a leading resource for custom research engagements and consultancy projects with access control and building automation projects for several of the world’s most prominent vendors. He is based in Raleigh, North Carolina, in the US.

Bryan Montany

Tommy Zhu

Senior Analyst, Physical Security

Tommy is a leading analyst responsible for the APAC video surveillance market. His research interests include cloud, storage, video IoT, big data, etc. Tommy travels regularly around regional markets such as China, Oceania, and Southeast Asia to research the markets and provide his latest insights to the security industry.

Tommy joined the company in March 2018 and is currently based in the Shanghai office. Prior to joining the company, Tommy worked with manufacturers and system integrators in the broadcasting and television industry and in ICT project implementation and management roles for several years. He holds an MBA from the University of Georgia in the US and a Bachelor of Engineering in automation engineering from the Communication University of China.

Tommy Zhu

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White paper - The impact of COVID-19 on physical security markets

The Analyst Team

Oliver Philippou

Bryan Montany

Tommy Zhu

Geographies Show all

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