This week in our Fire & Security industry news round-up we cover newest Thales acquisition of holographic radar technology company, access control market’s forecast, the future of biometrics within the retail sector and more…
Thales acquired pioneer in holographic radar technology
Thales, a pioneer of digital technologies, has completed the acquisition of Aveillant Ltd, a Cambridge (UK) based start-up company and pioneer in holographic radar technology. This technology is ideally adapted to the growing drone market, enabling the detection, tracking and classification of very small, moving targets such as UAVs. CEO of Aveillant, added: “We are delighted to join a worldwide group the size of Thales, which will provide Aveillant with the resources and backing that is needed to accelerate its growth potential.”
(Security World Market, 14/12/2017)
Access Control Market’s forecast
Access Control has over the last 5 years become a much more attractive business. It now has come to a crossroads. There have been some intriguing acquisitions this year and together with the arrival of 2 major Chinese manufacturers into the western access control market, this could have a significant bearing on a move to more Open Standards. Access Control products and software reached $6.858 billion in 2017 an increase of almost 7% on 2016. The latest research by Memoori predicts that it will grow by a CAGR of 8.04% to 2022 making sales of $10.10 billion in that year.
Is retail sector ready biometrics?
Security has been an integral part of an ongoing revolution in the retail and hospitality sector and industry experts believe that retail is ready, now more than ever, to embrace biometrics too. Typically, these industries are very receptive to positive changes and technological adoption. In the last decades, we have seen the rise of barcode and RFID, converging digital communications, optimising logistics processes through software applications and improving customer experience through interactive and responsive devices. These are the drivers that will form the natural progression towards biometrics for the sector.
(Security World Market, 11/12/2017)
VSaaS (video surveillance as a service)
The market for cloud-connected video surveillance equipment, which is paid for on a yearly, quarterly, or monthly basis has been steadily growing, known as VSaaS (video surveillance as a service) is also forecast to exceed $1 billion for the first time in 2017. This is according to a recently published report from IHS Markit, “Video Surveillance as a Service (VSaaS) Report – 2017”. A number of providers have announced plans to target large organisations with VSaaS solutions; this will be an important factor in future market growth.
(Security World Market, 13/12/2017)
Fire union calls for ‘compromised’ Grenfell expert to stand down
The Fire Brigades Union has called for one of the key experts appointed by the Grenfell Tower inquiry to stand down because of his alleged support in the past for cuts to emergency services and deregulation. Martin Seaward, a barrister representing the FBU, told the inquiry that Steven McGuirk, a former chief fire officer in Greater Manchester, would be “conflicted” and “compromised” in giving evidence. The FBU wants this inquiry to consider the effect of deregulation, closures and cuts to the response on 14 June [at Grenfell Tower].
(The Guardian, 12/12/2017)
Vulnerabilities in banking apps
Researchers have found a security flaw that had 10 million banking app users at risk. They have developed a tool to perform semi-automated security testing of mobile phone apps. After running the tool on a sample of 400 security critical apps, they were able to identify a critical vulnerability in banking apps; including apps from HSBC, NatWest, Co-op and Bank of America Health. The researchers found that the banks had put a lot of effort into the security of their apps, however, one particular technology used – so-called “certificate pinning” – which normally improves security, had meant that standard tests failed to detect a serious vulnerability that could let attackers take control of a victim’s online banking.
(Security World Market, 12/12/2017)
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.
Eligo Fire & Security are a leading Fire & Security recruitment agency specialising in jobs and recruitment across the sector. Companies we work with include major distributors, installers, manufacturers, integrators, consultants, and end users. Take a look at our company page to find out more.
If you have a news article you would like featured in our industry news or would like to work with Eligo Fire & Security to product content please do not hesitate to get in touch.