Featuring supplier news, product launches, events, our own articles, and more, read our Fire & Security industry news round-up for the week ending 20/05/16
Fire & Security industry news round-up for the week ending 20th May 2016
Tyco Security Products acquires Innometriks
Tyco is strengthening its position in the federal access control market by acquiring ID Authentication Specialist Innometriks. “We are very excited to be joining the Tyco family. Its leadership position in the access control market allows us to expend financial resources and channel reach” says CEO of Innometriks.
(Security Sales & Integration, 16/05/16)
Security appliance market is growing
According to the recent report by Technavio, the global security appliance market is expected to grow impressively over the next few years. Companies like Bosch Security Systems, Honeywell Security, Tyco, Check Point Software Technologies and Fortinet have been identified as the key vendors in the market.
(Security World Hotel, 16/05/16)
Progress in developing lips reading technology
Low frame rates and small images are a huge challenge in automated CCTV lip reading but it doesn’t stop scientists at the University of East Anglia to continues their intensive work on the subject. Lips reading technology would allow to deciphers speech where the audio isn’t clear enough.
(Source Security, 17/05/16)
Technology advancement in the field of Internet of Things, sensors, mobility and cloud leads to an impressive growth of Smart Cities market. According to the report “Smart Cities Market by
Solution and Service for Focus Areas – Global Forecast to 2020″ the market is expected to grow by 58% over the next 4 years.
(Security World Hotel, 19/05/16)
Hikvision to acquire Pyronix
One more major acquisition was announced this week – UK-based intrusion alarm specialist Pyronix has just became a part of Hikvision group. “This acquisition represents a huge opportunity for Pyronix, Rotherham, and the region. The foreign direct investment that this will bring to the UK will be huge. Hikvision has big plans for the growth of Pyronix and the continued development globally.”
(IFSEC Global, 19/05/16)