It’s the first Fire & Security industry news round-up of 2018! We hope you enjoyed our weekly summaries of the Fire & Security market throughout 2017, and this year looks like its carrying on just as it ended with plenty of news of acquisitions, an improvement in video surveillance, and an update on the smart city.
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.
Happy New Year!
Triple acquisition for Securitas
Securitas is already strengthening its global position in 2018 by kicking off the new year with a trio of acquisitions. Firstly in Germany, Securitas has acquired all shares in the security solutions company Süddeutsche Bewachung. In France, they have acquired all shares in the electronic security company Automatic Alarm. And Finally, the technology and installations company Johnson & Thompson in Hong Kong. With this acquisition, Securitas strengthens its position to deliver value-added security solutions to customers in Hong Kong.
(Security World Market, 05/01/2018)
Addsecure acquires the alarm communications business
Addsecure also has started off 2018 with a kick. Last month Addsecure announced that its target is to become the leading company in its field in Europe when acquiring Swedish Contal Security. Now Addsecure is strengthening its Nordic presence further by acquiring the alarm communication technologies business of Finnish Prevent 360, majority-owned by private equity firm Intera. As part of the transaction, the company announced that the current local Prevent 360 team will become part of the Addsecure organisation and that a new entity, Addsecure Oy, is being established.
(Security World Market, 04/01/2018)
Video Surveillance is overcoming a challenging landscape
The competitive environment has been challenging for Western and Asian manufacturers as the two major Chinese manufacturers Dahua and Hikvision continued to drive down prices in order to rapidly gain market share and volume and pulled in many much smaller competitors to enter the ‘race to the bottom”. There are now encouraging signs to show that the race is over for at least for the time being. According to the newest report by Memoori, the world market for Video Surveillance products was $15.87 billion in 2017 and will grow at a CAGR of approximately 7.5% to 2022 when it will reach $22.78 billion. Product prices have fallen dramatically in the last 24 months and this has been a major factor in restricting revenue growth.
Security system integrators market’s growth
Marketsandmarkets’ latest report predicts that the security system integrators market is expected to grow from USD 9.76 billion in 2017 to USD 14.72 billion by 2022, at a CAGR of 8.6%. the major forces driving the security system integrators market are rising network complexities due to mergers and acquisitions and third-party application deployment, lack of skilled cyber security professionals in enterprises, growing security needs for Internet of Things (IoT), Bring Your Own Device (BYOD) trends, and increasing adoption of cloud-based services. Network security is expected to have the largest market share and dominate the security system integrators market from 2017 to 2022.
(Security World Market)
Smart Cities markets in 2018
Lack of funding has been one of the main issues within the smart city market; however, new public and private initiatives are tackling this problem — fostering market growth for 2018 and beyond. Few initiatives were launched in 2017, but more are expected to come in the following years. Australia and other governments recently launched national challenges and funding in order to speed the growth of their smart city sectors. The report by IHS Markit reveals that options are quickly expanding in the market, thanks to narrowband-Internet of Things (NB-IoT) and Long Term Evolution category-M1 (LTE Cat-M1) deployments.
(Security World Market)
Fitting sprinklers in hotels is irresistible
“Had sprinklers been fitted they would have controlled the fire or extinguished it and prevented the loss of two lives” says the British Automatic Fire Sprinkler Association’s press release following the fire at Cameron House Hotel in Loch Lomond, Scotland. Two young men lost their lives and another 200 guests were evacuated and the hotel suffered extensive damage. The fire happened on the same day that Dame Judith Hackitt published the interim report on building regulations commissioned in the wake of the Grenfell fire.
(IFSEC Global, 03/01/2018)
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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