Page 50 - CIJ Oct 2024 Digital Edition

FACILITY MANAGEMENT

Security Market Trends Synopsis

for 2024

The security industry is undergoing a transformative phase in 2024,

driven by technological advancements, evolving client needs and
labour market challenges. As the physical security landscape continues
to evolve, companies providing manned guarding services must adapt
to remain competitive and deliver enhanced value. Siddharth Dahiya,
CEO, Peregrine Guarding (Tenon Group) outlines the trends shaping
the manned guarding sector in 2024 and the roadmap to transforming
the industry’s landscape.

Technology is complementing
1. Technology the human element in guarding, 3. Demand for
Integration in Manned creating a hybrid approach which Specialized Guarding

Guarding enhances both effectiveness and Services
While manned guarding cost efficiency. As security threats become
traditionally relies on human 2. Labor Shortages and more diverse and complex, clients
presence, the integration are seeking guards with specific
of technology has become Workforce Challenges
increasingly essential. In 2024, The manned guarding industry is expertise tailored to the industry
security companies are leveraging facing a persistent labour shortage, needs.
advanced tools to improve compounded by the nature of the Key specialized services include:
efficiency, responsiveness, and job and competition from other • Healthcare and Hospital
overall safety. Key technology industries. Key workforce trends Security: Guards trained in
trends include: include: managing hospital environments
• AI-Powered Surveillance: • Increasing Wages and Benefits: are in high demand areas, due
AI-enhanced video analytics Companies are offering higher to heightened concerns about
systems are helping guards salaries and better benefits to
monitor large spaces, detect attract qualified personnel. public health and safety.
anomalies and respond to • Training and Upskilling: Guards • Event Security: Guards at large-
threats more effectively. are trained to operate advanced scale events are trained in crowd
• Drones and Robotics: Drones systems and develop skills in control, access management and
and autonomous security technology, conflict resolution identifying potential security
robots are being deployed to and situational awareness. threats.
monitor perimeters, especially • Workforce Management • Critical Infrastructure
in large areas, offering increased Technologies: Scheduling,
coverage and real-time data performance tracking and Protection: Guards assigned to
collection. workforce optimization critical infrastructure require
• Mobile Guarding Solutions: software are being used to specialized training to address
Mobile apps are revolutionizing manage large security teams unique security challenges. By
reporting and incident efficiently. The labour shortage offering specialized services,
management, enabling guards to is forcing companies to innovate companies can meet the specific
communicate with control rooms in how they attract, retain, and needs of high-risk industries and
and log incidents on the go. manage talent. secure lucrative contracts.

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