This week in our Fire & Security industry news round-up we cover the acquisition on icomply Ltd by Veracity and the impressive growth of Passengers Screening and Global IoT Security markets.
Fire & Security industry news round-up for the week ending 20 January 2017
Veracity acquire icomply Ltd
The UK command and control security software company, has been acquired by Veracity, the IP video transmission, storage and display product company. “With this acquisition, we extend our technical capability and broaden our target market. We will progress the icomply concept to the next level while maintaining an independent and multi-vendor approach which is at the core of its unique value.” says Group CEO of Veracity. icomply will be maintained as a separate business and its operations will be expanded including an imminent move to larger premises near Leeds.
(Professional Security Magazine, 19/01/2017)
Passenger Screening Market is booming
According to the latest research by Frost & Sullivan, the passenger screening market currently worth $1.74 Billion, and will reach over $11 Billion over the next 5 years on the strength of futuristic products, as well as system maintenance and upgrades. There is a large market for service providers that can ensure quick parts replacement during maintenance checks as service of the screening systems used at checkpoints can be a challenge due to high passenger rates during seasonal travel.
(Security World Hotel, 18/01/2017)
Trends in the security technology market
In his latest interview with Detektor TV Magazine, industry specialist Martin Gren discusses the Internet Security of Things as one of the main trends in the physical security market and the segmentation of the market being one of the most interesting things that is happening in the industry right now. “I think it is important to take more of an integrated approach to the end user, making sure that you have a package solution that end users really need, not just selling products”.
(Security World Hotel, Detektor TV Magazine, 16/01/2017)
Impressive growth of the global IoT security market
Industry experts predictions seem to be confirmed by the latest market research by Technavio that expect the global IOT security market will experience rapid growth and will post a CAGR of close to 48% during the forecast period between 2017 and 2021. The growth will be driven mostly by the increasing adoption of cloud-based services. With this growing trend of cloud technology, becomes imperative for service providers to make the use of cloud platform secured against any unauthorised access. The APAC region is expected to dominate the market in the future because of the high adoption of IoT security solutions among SMEs.
(Security World Hotel, 17/01/2017)
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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