This week in our Fire & Security industry news round-up we cover a successful debut of Intersec Saudi Arabia, the Tagmaster & CA Traffic acquisition and ….
Intersec Saudi Arabia 2017 debut
Tagmaster acquires CA Traffic
Tagmaster, a leading supplier of advanced RFID products and ANPR cameras for vehicle identification within traffic and rail solutions, is acquiring CA Traffic Ltd (the leading traffic monitoring company, offering an array of sensor products) from Hill & Smith Holdings PLC for a total cash consideration of £3M.”Tagmaster is excited about this important step in our growth strategy and we will together with CA Traffic become a stronger player in the traffic solutions market.”
(Security World Hotel, 01/05/2017)
Global electronic access control market is booming
According to the report published by researchandmarkets.com, the global electronic access control (EAC) market (valued at $ 4.7 billion in 2015) will expand at a compound annual growth rate (CAGR) of 9.3% through 2024, driven by increasing need to achieve enhanced physical and data security at various residential, commercial, industrial and government and defense facilities. The access control as a service (ACaaS) segment has been identified as the most promising segment in the overall access control market across the world.
(Security Sales & Integration, 03/05/2017)
Axis Communications Financial Results and the state of Global Video Surveillance
Axis Communications recently reported a very positive Q1 2017 performance with net sales increasing by 29% and profit increasing by 53% with operating margin growing to 11.6%. Additionally, R&D spending grew 30%, showing that they are continuing to invest in product developments and advancements. This would suggest that it has not yet been adversely affected by Hikvision’s strategy of going for volume through relentless price reductions and seemingly little concern for profitability.
Qatar fire safety systems & equipment market’s growth
The latest report published by 6wresearch predicts that the Qatar Fire Safety Systems & Equipment market will reach $245M by 2023, growing at a CAGR of 6.2% during 2017-23. As the host country for FIFA World Cup 2022, Qatar is expected to witness growth in the fire safety systems & equipment market owing to a large number of construction activities across all the verticals. Suppression Systems holds a major share in the market.
(Security World Hotel, 03/05/2017)
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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