Featuring supplier news, product launches, events, our own articles, and more, read our Fire & Security industry news round-up for the week ending 11/11/16
Fire & Security industry news round-up for the week ending 11 November 2016
Global Smart Security Market growth
According to the latest report announced by Research and Markets, the global smart security market is expected to grow at a CAGR of 22.58% during the period 2016-2020. The growth is said to be driven mainly by the rise in violent activities. Wireless IP surveillance products are playing the main role in within the market.
(PR Newswire, 08/11/2016)
The future of Physical Security Business
Memoori released their newest report on Access Control, Intruder Alarms and Video Surveillance Market during the period 2016 – 2021, which predicts the growth at a CAGR of 5.65%, which is not very optimistic considering that the market managed to grow by a CAGR of 7.83% during an unstable period from the end of 2010 to today. The future also doesn’t look bright for western manufacturers of video surveillance products…
Housing associations and The Data Protection Act
The Data Protection Act (DPA) states that data recorded for the purpose of identifying suspected criminals must be of sufficient quality to achieve this goal. “It appears that many systems used to protect property, staff or tenants may not be fit for purpose and are breaching data protection legislation, putting companies at risk of fines, bad publicity and even criminal sanctions.”
(IFSEC Global, 10/11/2016)
Maritime Safety Market forecast
Increasing maritime awareness, rising number of incidents pertaining to piracy & terrorism, and compliance to regulatory standards & guidelines are the main factors driving the Maritime Safety market which is expected to grow from$16.71 billion in 2016 to $23.67 billion by 2021 at an estimated CAGR of 7.2%. The detectors technology and systems segment is expected to play a main part in the market’s growth.
(PR Newswire, 09/11/2016)