This week in our Fire & Security industry news round-up we cover CSL’s latest acquisition, the growth of facial recognition market, the success story of the data-sharing at the shopping centre and more…
CSL acquires IQIP
CSL has announced the acquisition of IQIP, a Netherlands-based provider of IP-based security and telecommunication services. IQIP will give CSL a stronger platform for providing regional support and the acquisition reflects CSL’s growth ambitions across Europe. “We are delighted to be joining the CSL Group,” said IQIP CEO Bert van den Berg. “This deal provides IQIP with a great opportunity to provide our partners and their customers with more product choice and greater organisational stability.”
(IFSEC Global, 08/12/2017)
Facial Biometrics Market is growing
The latest research Data Bridge Market Research predicts that the Global Facial Recognition Market accounted for $4.1 billion in 2016 and is going to grow at a CAGR of 15.48% during the forecast period of 2017 to 2024. Facial Recognition is a biometric process of identifying an individual by capturing images and then comparing it with existing information. It is a technology widely applicable in homeland security, and military, banking, financial services, and insurance, healthcare, retail, and others. On the other hand, misinterpretation of some emotions may hamper the market say the researchers.
(Security World Market, 05/12/2017)
Intersec focusing on biometrics
On the topic of Biometrics, the Market in the Middle East is expected to grow at a CAGR of 19.35% over the period 2014 – 2019. In the lead up to the next Intersec show in January 2018 in Dubai, the organisers are offering visitors the opportunity to scan through the latest developments in biometric technologies at the event, as this particular field is predicted for strong growth in the Middle East in coming years. Several major players in biometric security are going to exhibit at Intersec 2018 including Panasonic, Suprema, Hanwha Techwin, TBS, Virdi, Vantage and many more.
(Security World Market, 05/12/2017)
Urban population growth drives Global Fire Safety Market
Rising urban population is spurring the infrastructure development and with strict monitoring and implementation of fire safety codes for buildings the market is set to grow globally, especially across the Middle East, Africa and Asia-Pacific regions. According to 6wresearch, the Global Fire Safety Systems and Equipment market is projected to grow at a CAGR of 7.4% during 2017-23. The growth is mainly driven by increasing fire hazards, growing awareness towards loss from fire incidents and huge spending in construction activities globally.
(Security World Market, 06/12/2017)
Software improving the Growth of Physical Security
Software packages across the Physical Security industry are numerous covering many different functions; Many overlapping each other causing confusion for end users and resulting in a fragmented business. There is a need to rationalize this business in order to meet the needs of clients, and fit into the World of the Internet of Things (IoT) and Artificial Intelligence (AI), ultimately delivering the high growth that is forecast. Software packages that extend across the business include Video Management Software (VMS), Intelligent Video Software, Physical Identity Access Management (PIAM), Access Control Management Software, Physical Security Information Management (PSIM).
The success of data-sharing initiative at Westfield Stratford City
A teenage victim of sexual exploitation is now in the custody of child protection authorities thanks to a data-sharing initiative.The National Business Crime Solution (NBCS), a not-for-profit that enables data sharing between law enforcement and business, launched an initiative at Westfield shopping centre in Stratford, East London aimed at addressing business-related crime.“The story of how this vulnerable young person came to be shoplifting has brought into sharp focus why safeguarding intervention requires sensitive and considerate handling when dealing with victims of child sexual exploitation.”
(IFSEC Global, 05/12/2017)
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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