This week in our Fire & Security industry news round-up we cover the growth of the Smart Home market in the Middle East, the analysis of the Residential Market Report providing current business metrics for security dealers, the future of Smart Cards within the Access Control Market, and more.
Fire & Security industry news round-up for the week ending 2 December 2016
Growth of the Smart Home market in the Middle East
The organisers of Intersec in Dubai, Messe Frankfurt, predict that the Middle East region will register a significant growth rate in the coming years on account of a growing construction market, high purchasing power and availability of supporting infrastructure. The region still lacks framed standard in the Smart Home market, however, with growing awareness, the standardisation process in the making, which would further spur the growth of the market.
(Security World Hotel, 30/11/2016)
2016 Residential Market Report
In its fourth edition, the report prepared by Security Sales & Integration and Parks Associates, provides current business metrics for security dealers, probes for security firms’ adoption and sale of products and devices at the edge of their core business and helps identify areas of new or increased interest. Parks Associates forecasts 2016 net sales of new security system to reach 1.9 million.
(Security Sales & Integration, 29/11/2016)
Home Security Solutions Market forecast
Recent report released by Stratistics MRC predicts the Global Home Security Solutions market to grow from $31.6 billion (2015) to $57.73 billion by 2022 growing at a CAGR of 8.9%. The factors fueling the market growth are Increase in crime rate, remote monitoring mobile devices and growing consumer awareness. Due to high crime rate in this region, Asia Pacific is predicted to have highest growth in CAGR.
(Open PR, 29/11/2016)
The end of Smart Cards? Not so soon
Smart Cards are continuously playing the leading role in the growth of access control technology. “People are used to seeing the physical badge when you’re walking around. It’s so ingrained in people that it isn’t going away anytime soon and nothing can replace that.” – according to the industry expert, it will take a culture shift to kill the smart cards. Biometrics may offer a step up in security over smart card but they are not 100% trust worthy just yet.
Our weekly fire and security news round-up regularly features supplier news, product launches, events, our own articles, and much more. Check back each week to catch up on the industry news affecting the fire & security sector collated by our team of fire & security recruiters.
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