Another year has flown by and it’s safe to say that there have been ups and downs in 2018. In this week’s special Fire & Security news edition, our Fire & Security recruitment team picked hottest industry news stories of 2018 including skills shortage in engineering that slows down market growth, catastrophic events driving growth of the Mass Notification market, GDPR, US Border Security and more…
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; picked by Josh Platt)
According to IHS Markit, mass-notification system (MNS) software used in emergency communication, the primary segment used during a catastrophic event, is expected to hit $293.1 million by 2021 in Americas (growing at CAGR of 6.8% from 2017 to 2021) and in EMEA is expected to grow at a CAGR of 11.4% from 2017 to 2021, reaching $41.6 million in 2021. In the Americas, hurricanes, tornadoes & earthquakes are occurring more frequently, so unimpeded mass communication during these events is critical. In EMEA the growth is driven by heightened terrorist activity, and US-based multinational companies moving to Western Europe.
(Security World Market, 01/03/2018, picked by Martin Fahey)
In a study published in the Journal of Paediatrics, researchers from the Center for Injury Research and Policy and the Sleep Disorders Center at Nationwide Children’s Hospital in the United States found that a sleeping child was about three times more likely to be awakened by a smoke alarm playing a human voice than one with a regular tone. The alarms using the mother’s voice awakened 86-91% of children and prompted 84-86% to “escape” from the bedroom, compared with 53% awakened and 51% escaped for the tone alarm. “These new findings put us one step closer to finding a smoke alarm that will be effective for children and practical for parents.”
(IFSEC Global, 30/10/2018; picked by Jaimie Dickson-Davies)
According to the latest research by Marketsandmarkets, the global smart stadium market size is estimated to be worth $4.6 billion in 2018 and is expected to reach $12.50 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.1% during the forecast period. Such an impressive growth is mainly driven by the upcoming national and international sporting events, stringent security regulations by sports governing bodies, and increasing adoption of IoT technologies for efficient management of stadium infrastructure.
(Security World Market, 11/04/2018, picked by Jake Cooley)
In the new age of internet shopping, the retail industry has been struggling to stay relevant. At the same time as rising internet shopping is the rise of ‘shrinkage’ caused mostly by shoplifting and employee theft. In 2014/2015, global shrinkage was 1.23% of total retail sales globally. Owners of small stores have certain constraints to their operations, needing to keep costs to a minimum. Security systems, though, can be instrumental in reducing shrinkage and good quality monitoring can now be achieved using lower cost surveillance equipment. New affordable and flexible cameras can cover a wide area. Using this, owners can see a lot of a store with just one camera.
(Security World Market, 20/07/2018, picked by Akeim Morgan)
The design, installation and maintenance of CCTV systems must now balance security for their buyers against important protection of personal freedoms. CCTV surveillance plays a demonstrable role in helping to deter, detect and prosecute, using evidential quality images, but after 30 years of relatively unchecked public space surveillance, there is an increasing emphasis on privacy issues. With stronger GDPR data protection legislation taking effect on May 25, there is rising concern surrounding the need to reassure the public. The focus is now turning towards checks and balances, including tangible reassurances over the security of personal data contained with the images themselves.
(Professional Security Magazine, 17/05/2018, picked by Karolina Samsel)
US Border Security market’s growth
The latest research by Visiongain predicts that the US Border Security market is set to grow to $10, 270m by 2029. Border security is delivered through an entire spectrum of capabilities that range from private and civilian to military and secret. Visiongain believes that the largest growth opportunity in U.S. Border Security lies within UAV, UGV’s, UMV’s, Biometrics Systems, and Surveillance equipment. The US Border Security market has five technology type submarket categories: Perimeter Surveillance and Detection Systems, Biometrics and ICT Systems, Unmanned Systems, Manned Platforms, Physical Infrastructure, Support and Other Services.
(Security World Market, 13/12/2018)
Our bi-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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