This week in our Fire & Security industry news round-up we cover skills shortage & Brexit slowing fire industry growth, an importance of AI in the Video Surveillance market, a new smart home system that identifies everyone in the house and more…
Skills shortage in fire engineering slows down the market growth
A study into the UK fire market reveals that enquiries for goods and services post-Grenfell have grown strongly and companies already struggling to find suitably qualified engineers are now having to ramp up recruitment further to fulfill orders. There is “still a huge skills shortage in the industry as a whole and need to entice more people into the fire and security industry to grow.” A global shortage of components, meanwhile, makes it more challenging for providers to meet growing demand, as well as eroding profit margins.
(IFSEC Global, 10/10/2018)
Growth in body-worn cameras drives demand for digital evidence market
According to the latest research by IHS Markit, the global installed base for law enforcement and police body-worn cameras is forecast to increase by nearly 30% in 2018, exceeding 1.5 million body-worn cameras in use worldwide. With a greater number of body-worn cameras in use, and an associated increase in potential evidence collection, the capabilities of underlying digital evidence-management systems are becoming an increasingly critical factor in the ability of law enforcement to effectively manage and interpret huge repositories of digital evidence, which then increases a demand for the digital evidence-management software market.
(Security World Market, 17/10/2018)
Importance of AI in the Video Surveillance Market
Current law enforcement systems are increasingly unable to cope with the sheer volume of surveillance material captured and stored every day. AI video surveillance could change everything. During forensic investigations, law enforcement and security personnel can utilize AI enabled search functions to track people and events in a fraction of the time and with far greater accuracy than would be possible with a human alone. All this isn’t as simple as just buying an AI system and giving it access to video streams, however, each AI needs to be trained and customized for their unique environment and set of circumstances.
Buyer-supplier relationship – key components & barriers
The latest research from the Security Research Initiative focusing on effective buyer-supplier relationships aimed to identify and discuss the factors in the buyer-supplier relationship that can impact negatively on the relationship, and ultimately on the success of the contract. According to the research, key components to the successful relationship are trust, good communication, aligned aims, objectives and ethos, and affording appropriate priority to security. In terms of barriers, buyers admitted that they sometimes lack insight on their own needs & it is easy to be overwhelmed by the complexity of security. Meanwhile suppliers face real pressures in a competitive market which can lead to cutting costs, to the point it can compromise quality and lead to under-delivery.
(Security World Market, 16/10/2018)
Smart home system that identifies everyone in the house
Researchers from Massachusetts Institute of Technology (MIT) have designed a system which can identify each person in the home space, to further provide personalized home automation experience. Two tracking systems are used in the individual identification technology. The first one, called Duet, uses wireless sensors installed on a wall of 1.5 square feet. The system incorporates the floor map with annotated areas, such as the bedroom, kitchen and living room sofa. It identifies individuals based on their phone signals. The result showed that the system can identify individuals with 96% and 94% accuracy, respectively, even if people didn’t carry their smartphones or stood in the blocked areas.
UK passive fire protection products market disturbed by Brexit
The UK passive fire protection products market is estimated to be worth around £650m at manufacturers selling prices (excluding installation), according to the latest report released by AMA Research. The report finds that the market has grown by around 2% in 2017, with forecasts for 2018 at a similar level. The forecasts indicate a more subdued performance, with lower levels of construction activity anticipated as investor confidence has fallen, in the lead up to Brexit. Key drivers, such as the regulatory aspects of the fire protection sector, are expected to remain unchanged in the short term since the Hackitt Review into the Grenfell Tower disaster only covered high-rise buildings and provided no recommendations for immediate change in the technical aspects of Building Regulations.
(Security World Market, 09/10/2018)
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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