This week in our Fire & Security industry news round-up we cover growth in Perimeter Security Market, surveillance cameras improving banks’ customer service, home video surveillance being more and attractive to consumers and more…
Physical Security Market improved growth in 2018
The latest report by Memoori on the Physical Security Business shows that the total value of world production of Physical Security products at factory gate prices in 2018 was $31.55Bn, an increase of 7.% on 2017. This year Video Surveillance had the highest rate of growth at around 8.7% a significant increase on 2017, despite the fact that the last quarter of 2017 the pricing “race to the bottom” was not dead. In 2018 Video Surveillance products at $17.57 billion had a share of 55.6%, Access Control at $7.45 billion a 23.6% share and Intruder Alarms and perimeter protection at $6.72 billion had a 21% share.
The success of 2018 Fire Door Safety Week
The campaign, which is run by the British Woodworking Federation (BWF), Fire Door Alliance and Fire Door Inspection Scheme in partnership with the Home Office’s National Fire Safety campaign, draws attention to widespread neglect of UK fire doors and raises awareness of the vital role this form of passive fire protection in protecting lives and property. According to the organisers, Fire Door Safety Week 2018 campaign is the most successful yet, winning the backing of more than 350 individuals, organisations and businesses, and reaching millions through press coverage and social media.
(IFSEC Global, 15/11/2018)
Rise in terror attacks drives Perimeter Security Market’s growth
According to the MarketsandMarkets’ latest report, a Perimeter Security Market is expected to grow to US$196.6 billion by 2022, up from $110.6 billion in 2017, at a compound annual growth rate (CAGR) of 12.2% between 2017 and 2022. Market growth is primarily attributed to the rise in terror attacks worldwide. Increasing technological developments in video surveillance are also fuel-ing the demand for perimeter security systems and services, as is the increased usage of the Internet of Things (IoT) and smart technologies. In North America, which is expected to hold the largest share of the global market.
Importance of SD cards in video surveillance
SD cards can make a significant contribution towards end-users achieving maximum benefit from their video surveillance systems. The migration from analogue to IP network based video surveillance solutions has created a common scenario where the recording and storing of images can be quite remote from a camera’s location. SD cards will help keep data safe in the event of network disruption. In this respect, to avoid any gaps in what may be crucial video evidence, it is recommended before buying, to take a close look at a camera’s specifications to check it has an Auto Recovery Backup.
(Security World Market, 11/11/2018)
Surveillance cameras improving banks’ customer service
Banking and security have always gone hand in hand. It’s impossible to imagine a bank without it. Surveillance cameras have long been used here, providing monitoring and real-time coverage of all areas within a bank. But those technologies are also being used to help banks at a business level, improving customer service, among other things. With clever surveillance, the bank can see the image of the person withdrawing the money and, with data from the ATM system, overlay the transaction information over the footage. With the advent of deep learning technology, this can also go further. Analysis of the image data can alert operators to any potential criminal activity.
Home video surveillance is more and attractive to consumers
IHS Markit latest research shows that sales revenue of standalone network video-surveillance cameras reached $966 million globally in 2017 and is estimated to grow to $1.1 billion US by the end of 2018. The United States was by far the largest country for these camera types, representing about 48% of unit shipments in 2017. “Acceptance of video surveillance for the home has grown, in part because people now have more control over their surveillance systems”.Some of the biggest trends creating change in consumer video cameras today include improvements in camera resolution and the transition to 4K, analytics and battery-powered cameras.
(Security World Market, 15/11/2018)
Middle East’s fire safety market is on the rise
Due to new government regulations around life safety and fire protection along with large-scale infrastructure investment, the Middle East’s fire safety systems and equipment market is expected to be worth US$3 billion by 2024, growing at a compound annual growth rate of nearly 8%. The 6Wresearch’s report stated the regional market witnessed a slight decline during 2014-2016, however from 2017 demand has picked up, aided by recovering oil prices and government economic diversification initiatives aimed at reviving the construction sector. Additionally, revised fire and life safety codes, such as those rolled out by the UAE Civil Defence in 2016, has helped growth in passive fire-rated products in new buildings and infrastructure.
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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