Companies in fast-moving industries tend to want half or more of their revenue to come from products released in the last three or so years. The logical extension of that philosophy is the demise of product "cash cows" that remain in a company's portfolio for many years. Where better to witness the shortening life cycles of technology products than in the smart phone market, where most of us buy into the hype of the "latest and greatest?" But does acceleration of new product introductions translate into shorter product life cycles in the field? We asked this week's Expert Panel Roundtable: What is an acceptable life cycle for a physical security system? Is there a trend toward systems being replaced more, or less, often?
Our Expert Panel Roundtable points to several factors that can impact the changing lifecycles of components and systems in the physical security market. They include development cycles of manufacturers, use of automated verification systems, surge protection and even open platforms. Manufacturers and customers may be at odds on the subject, as one panelist hints. But given the rapid rate of technology change, shouldn’t we expect an accelerating trend of systems becoming outdated long before they “wear out?”