Fire & Security Industry news round up 05/05/2017

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Fire & Security, Building Services, News Roundup...

 
This week in our Fire & Security industry news round-up we cover a successful debut of Intersec Saudi Arabia, the Tagmaster & CA Traffic acquisition and ….

 

Intersec Saudi Arabia 2017 debut

The inaugural edition of Intersec Saudi Arabia took place on 2 May, with 170 exhibitors from 26 countries zooming in on the Middle East’s largest commercial security and fire safety market. With 73 per cent international participation, more than 500 brands, three country pavilions, and an enlightening three-day conference programme, Intersec Saudi Arabia caters to growing demand for an integrated platform providing crucial access to one of the world’s most promising markets.

Read more here.

(Security Middle East, 04/05/2017)


Tagmaster acquires CA Traffic

Tagmaster, a leading supplier of advanced RFID products and ANPR cameras for vehicle identification within traffic and rail solutions, is acquiring CA Traffic Ltd (the leading traffic monitoring company, offering an array of sensor products) from Hill & Smith Holdings PLC for a total cash consideration of £3M.”Tagmaster is excited about this important step in our growth strategy and we will together with CA Traffic become a stronger player in the traffic solutions market.”

Read more here.

(Security World Hotel, 01/05/2017)


Global electronic access control market is booming

According to the report published by researchandmarkets.com, the global electronic access control (EAC) market (valued at $ 4.7 billion in 2015) will expand at a compound annual growth rate (CAGR) of 9.3% through 2024, driven by increasing need to achieve enhanced physical and data security at various residential, commercial, industrial and government and defense facilities. The access control as a service (ACaaS) segment has been identified as the most promising segment in the overall access control market across the world.

Read more here.

(Security Sales & Integration, 03/05/2017) 


Axis Communications Financial Results and the state of Global Video Surveillance

Axis Communications recently reported a very positive Q1 2017 performance with net sales increasing by 29% and profit increasing by 53% with operating margin growing to 11.6%. Additionally, R&D spending grew 30%, showing that they are continuing to invest in product developments and advancements. This would suggest that it has not yet been adversely affected by Hikvision’s strategy of going for volume through relentless price reductions and seemingly little concern for profitability.

Read more here.

(Memoori, 02/05/2017)


Qatar fire safety systems & equipment market’s growth

The latest report published by 6wresearch predicts that the Qatar Fire Safety Systems & Equipment market will reach $245M by 2023, growing at a CAGR of 6.2% during 2017-23. As the host country for FIFA World Cup 2022, Qatar is expected to witness growth in the fire safety systems & equipment market owing to a large number of construction activities across all the verticals. Suppression Systems holds a major share in the market.

Read more here.

(Security World Hotel, 03/05/2017) 

 

Our weekly fire and security news round-up regularly feature 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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