Brivo releases 2024 Global Security Trends Report

March 20, 2024
The access control company’s new research suggests AI and technology integration are critical to security modernization, but CSOs need the budget and authority to make changes.

Although the role of the chief security officer is evolving at many corporations, but often they lack the appropriate budget or authority take advantage of new technologies, asserts the most recent Global Security Trends Report released by Brivo.

The 2024 Top Global Security Trends Report published by the global cloud-based access control and smart building technologies provider, provides details on some of the biggest trends in physical security based on the responses of 850 security professionals across the U.S., U.K. and Europe.

Teams in financial services, technology & IT, manufacturing, retail and more were included. The full report is available for download here.

There is a desire by organizations to integrate new security technology with existing systems to better manage people and facilities, and there are also high expectations of AI technology, with a need for greater skills and access to data.

The obstacles facing CSOs, however, poses a challenge to upgrading security systems. Brivo found:

  • 36% of security teams lack confidence in their system’s ability to keep their employees and facilities safe, with this rising to almost 50% in front-line roles.
  • Ease of integration with other systems was a bigger barrier to adopting new technology than budget constraints.
  • 60% of large enterprises in the U.S. will invest over $1 million annually in AI over the next three years. 
  • 74% of security professionals see the CSO role as increasingly important in organizations but agree that increased authority and budget are needed to meet security objectives.
“This year’s report has a lot to be optimistic about,” said Steve Van Till, founder and CEO of Brivo, in a statement with the report’s release Wednesday. “The security industry wants to embrace new technologies, and there is investment and belief in new advances. At the heart of these changes will be the CSO, and they will need support to make this a success.

“Security integrators have an opportunity to be trusted advisors to the CSO,” he added. “Getting technological change right and integrating it into the greater organizational strategy will require strong partnerships.”