A busy beginning of the year in Fire & Security industry! This week in our Fire & Security industry news round-up we cover top technology trends for 2018, a growth of Artificial Intelligence in Security & Surveillance Video Storage markets and more…
We’d love to take our news round-up to the next level this year and provide something for the whole of the security and fire industry, as well as throwing some of our own insight and expert advice. Do let us know your comments on the news round-ups and anything you’d like to read in the coming weeks.
Top technology trends for 2018
From the Internet of Things to the cloud to artificial intelligence, industries are seeing a new wave of technologies that have the potential to transform and significantly impact the world around us. For its latest white paper, business information provider IHS Markit surveyed its leading technology experts to find out how these technologies are coming together in new and powerful ways to fundamentally change businesses, fuel innovation, disrupt industries and create both threats and opportunities.
(Security World Market, 09/01/2018)
Merger & acquisition within the Physical Security Business
Based on M&A data collected over the last 17 years on the Physical Security industry, the annual report by Memoori shows a general upward trend in consolidation of the industry over this period with 4 cycles of rise and fall sometimes exaggerated by a number of billion-dollar mega deals. The total value of deals in 2017 was $6.213 billion, although this was only a one third of the $19.73Bn realized in the previous year, if we take our the Johnson Controls / Tyco merger then it’s almost double the size by value and 30% more by number of deals than in 2016. Memoori forecasts, that 2017 will be the start of a new wave of growth that will reach $7.85Bn by 2022.
Surveillance video storage market is growing
IHS Markit predicts that in 2018 over 130 million video surveillance cameras will be shipped globally. This number has increased dramatically from 2006 when shipments were less than 10 million. The increase in demand for video surveillance cameras has subsequently caused growth in associated storage requirements. The market for external storage systems (SAN, NAS and external DAS) used for storing video surveillance data is estimated to have been worth $1.7 billion in 2017. As with the video surveillance equipment market, the largest regional market for these storage systems is in China.
(Security World Market, 10/01/2018)
British prisons vs drones
Drones have become a major security problem in Britain’s prisons and are increasingly used to smuggle in drugs, weapons, phones and other valuables. A Channel Island prison has become the first in the world to use a new system designed to stop that. A group of British companies has collaborated to install a comprehensive perimeter protection package at Les Nicolles Prison on Guernsey, including the new “Sky Fence” technology. It creates a 600m shield around the prison to detect remote-controlled drones then uses a series of ‘disruptors’ – sensors to jam the drone’s computer – to block its frequency and control protocols and divert it back to where it came from.
(Security World Market, 09/01/2018)
The future of Artificial Intelligence in Security
The latest report by Marketsandmarkets predicts, that the Artificial Intelligence in security market is expected to be valued at $3.92 billion in 2017 and is likely to reach $34.81 billion by 2025, at a CAGR of 31.38% during the forecast period. High usage of the Internet and the constant need for employees to be online are contributing to the growth of this market. Another major factor driving the demand for AI-based security solutions is the shortage of cyber security professionals. Using AI-based solutions for cyber security covers much of the need for cyber security professionals.
(Security World Market, 12/01/2018)
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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