Authored by staff writers from Brivo and Security Info Watch and published on January 3, 2024, this report briefly discusses the rising demand and preference for cloud-based solutions in physical space management and access control systems within an evolving market. This was written to address how companies are facing a variety of internal barriers. Such examples that were covered include lack of budget, uncertainty over the potential tangible and intangible ROI, and pain points such as upgrade challenges (hardware to subscription-based), communication infrastructure, and remaining current in a fast-paced landscape that remains top of mind for decision-makers. External factors like business trends (Ex. demographics and COVID-19) and user expectations also come into play when making long-term business investment decisions.

Keywords: Access Controls, Artificial Intelligence (AI), Audio/Video, Cloud & Data Analytics, Computer/Network Hardware, Control & Monitoring Equipment/Sensors, Cybersecurity/Privacy, Identification Systems, Intelligent Building, Large Building Controls/Automation, Post-COVID-19, Property Management, Voice & Speech Recognition, CapEx Injections, Rapid Elasticity