This week in our Fire & Security industry news round-up we cover China’s global physical security market domination, why we should prioritise port security, the growth of Saudi Arabian surveillance market and more…
China’s global physical security market domination
The latest report published by IHS Markit shows estimates that in 2016 the global market for physical security equipment was worth $29.2 billion, a $1.6 billion (5.8 %) increase from 2015. IHS Markit forecasts that the world market for physical security equipment will grow at a compound annual growth rate (CAGR) of 7% from 2016 to 2021. By 2021, the physical security equipment market is expected to total $41.7 billion annually. IHS Markit expects that by 2021 China will account for 38% of the global market, and will be larger than the North American and Western European markets combined.
(Security World Market, 09/11/2017)
Growth of Saudi Arabian surveillance market
Despite the decrease in Saudi Arabia’s video surveillance market worth during 2014-16, the analysts predict that over the next six years, the video surveillance market in Saudi Arabia is likely to register positive growth buoyed by increasing infrastructural projects, and upcoming hotel and shopping mall projects, along with the increasing inflow of FDI in the construction sector. According to 6wresearch, the Saudi Arabia Video Surveillance market is expected to reach $163 million by 2023.
(Security World Market, 08/11/2017)
Modern buildings = increased fire loads, reducing evacuation times?
Euralarm says that modern furnishings and the proliferation of electronic devices have increased fire loads, reducing evacuation times in many buildings. The higher fire load is also attributable to exterior wall insulation fitted to boost energy efficiency, said the trade association for the European electronic fire safety and security industry. The warning was one of three factors making fires more likely or more dangerous presented to the EU by Euralarm. Another problem noted was that the very rarity of fires engendered complacency.
(IFSEC Global, 08/11/2017)
Importance of prioritising port security
With 90% of global trade being carried out by the shipping industry, port security is of paramount importance. “Persisting threats concerning the illegal movement of individuals, weapons, drugs, and other illicit materials are driving ongoing efforts to enhance port security technology deployments.” According to Frost & Sullivan’s research, one of the strategic imperatives for success in the evolving port security market include the development of innovative cyber-resilient technologies that proactively counter constantly evolving cyber threats. “The ‘digital port’ will be a critical issue by 2023. Demand for cyber solutions that better protect networks will grow.”
(Security World Market, 10/11/2017)
Biggest ever face-recognition challenge
Everyone from government agencies to police forces are looking for software to track us in airports or spot us in CCTV images. But much of this technology is developed behind closed doors – how can we know if any of it really works? To answer this question, the Intelligence Advanced Research Projects Activity (IARPA) and the US National Institute of Standards and Technology (NIST) have been running the biggest face-recognition competition to date. The winning product can match a person’s face correctly 99.9%of the time.
(News Scientist, 09/11/2017)
How public CCTV operators can avoid fines under the GDPR
The General Data Protection Regulation (GDPR) comes into force across the EU – including the UK – from 25 May 2018. With fines for non-compliance potentially being a staggering 79 times greater than under the existing data protection regime, the stakes for organisations in a range of sectors are enormous. Security professional shared his thoughts on the implications for CCTV operators and the wider security industry with IFSEC Global, discussing the importance of CCTV gap analyses, managing authorisations and privacy by design, as well as how the GDPR could accelerate adoption rates in the surveillance-as-a-service market.
(IFSEC Global, 08/11/2017)
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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