This week in our Fire & Security industry news round-up we cover a growth of Perimeter Security & African fire markets, analysis & trends in Global Smart Cities and more…
Perimeter Security Market is on the rise
According to the latest research, the perimeter security market is expected to hit $196.60 billion by 2022 from $110.64 billion in 2017 at a CAGR of 12.2% during the forecast period. The market’s growth is driven by the increasing concern for protecting business assets, employees & customers, the increasing technological developments in video surveillance, the increasing usage of Internet of Things (IoT) and smart technologies such as intelligence monitoring.
(PR Newswire, 31/08/2017)
Growing investment in IoT platforms for commercial buildings
IoT is clearly not only a hot topic, but a hot investment opportunity not only for the venture capital market, but also for the various players across the supply chain. Strategic investors, VC and PE firms are expecting to capitalize on the projected growth in the market. Investment in IoT platforms for commercial buildings has continued to rise unabated since 2015.
10.2% growth in African Fire Market
Specialists at 6wresearch are projecting the African fire safety systems and equipment market to grow at a CAGR of 10.2% during 2017-23, with South Africa, Nigeria, and Egypt leading the way in this increased demand on the African continent. Further, government initiative for economic diversification has additionally spurred the market on for fire safety systems and equipment. Fire sprinkler systems in the fire fighting systems and equipment segment holds the majority of the share in the market.
(Security World Market, 30/08/2017)
Global Smart Cities Market Analysis & Trends
Latest industry research expects the Global Smart Cities Market to reach approximately $2452.62 billion by 2025, growing at a CAGR of around 24.4% over the next decade. Some of the prominent trends that the market is witnessing include growing demand for integrated security and safety system for enhancing public safety and increasing demand for system integrators.
(Business Wire, 29/08/2017)
Cloud computing tackles emerging cyber threats
Cyber threats and ransomware attacks are no match for cloud computing design-built from the ground up for information technology security. In physical security, particularly access control, the history of hacking formerly focused solely on stopping unauthorized users from duplicating or cloning information housed on cards and other devices. Now, it’s all about stopping criminals from gaining access to or attacking a customer’s network and its data through vulnerabilities in their physical security systems.
(Security Systems News, 30/08/2017)
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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