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What the Security Industry's Future Holds

May 18, 2020 8:27:58 AM

During these troubling times, COVID-19 has succeeded in many things, including the downturn of what previously was a booming economy. Layoffs, pay-cuts, and reduced hours are all achievements that are championed by this virus. As you may have noticed, a majority of the security industry has not suffered to the extent of others.

Why is this? While nothing is for certain, we at AvantGuard feel confident that the security industry will continue to thrive, and shortly after this disease has slowed, business will bounce back better than ever.

Safety Through Security Monitoring

This boils down to a simple physiological solution. A theory called the hierarchy of needs was proposed by the psychologist Abraham Maslow in the 20th century. This theory states that once the bottom tier of needs has been met, people can move on to the next tier and so on, so forth. 

Heirarchy

According to the theory, as can be seen in the above illustration, once physiological needs are met (air, food, water), the next tier to be met is safety. This is the category that our industry falls under, and the constant goal that our professionals strive to meet.

While our industry is not indestructible by any means, it is a necessary solution for peace of mind; something that is harder and harder to come by. This need has created much more stability for our specific market during this time of crisis.

The goal of our industry is not to capitalize on chaos, but to secure and safeguard those who have sought our help. We have seen this in the heroic actions taken by those in our field. Time and time again, we have seen dealers, monitoring stations, and miscellaneous groups offer up their services for reduced or deferred payments, increasing their product through the addition of services or goods, and even competitors band together and share ideas to help one another through the pandemic.

What the Future Holds

The coronavirus crisis will undeniably cause a lasting effect on the public. We will see new technology implemented everywhere. For example, robots could rise in popularity due to the lessening of a risk of exposure. Thermal sensors implemented in video surveillance could be another alternative that is sought after. Access control could be another form of security that becomes widely utilized, keeping those that fall under the “at-risk” category away from others, operating similarly to an app created by Google and Apple.

Wherever the world goes, just know that AvantGuard has your back. We understand and sympathize with the struggles that you and your business have endured over the past few months. To help you stay on track, our team has been working tirelessly to provide you with the proper tools to keep your business functional.

If you’re a dealer, our new dashboard will provide you with necessary account data at your fingertips. Further, our hybrid solutions for monitoring stations cover everything from marketing to operations, helping your central station function no matter the circumstances. Reach out to us today to see all the other ways we can help your business grow and succeed.

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