This week in our Fire & Security industry news round-up we cover the growth of facial biometrics market and its importance in the government sector, the rasing number of security start-ups and more…
Rasing number of security start-ups
The latest consumer video surveillance research by IHS Markit shows in 2015 companies that were two years old or less accounted for 6% of global consumer video-camera market revenues. By 2016, this had grown to over 9%. IHS Markit predicts that the security start-up market will grow at an average of nearly 20% per year from 2016 to 2021. Original Equipment Manufacturers (OMEs) have become “larger and more diverse,” which means they can lower their minimum-order requirements, making it easier for entrepreneurs to enter the space. “They’re able to quietly build some reasonable, respectable sales numbers and that is one of the reasons why that proportion is increasing”.
(Security Systems News, 13/11/2017)
Facial biometrics market
According to a new report from Marketsandmarkets on the facial recognition market predicts that this sector is expected to grow from $4.05 billion in 2017 to $7.76 billion by 2022, at a compound annual growth rate of 13.9%. The main reasons driving the market growth are the increased need for enhanced surveillance and monitoring in public places and the increased use of facial recognition technologies in industries, such as the government sector. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The highest potential is seen in the 3D facial recognition technology.
(The Global Security Market, 16/11/2017)
Biometrics within the Government sector
The Government sector has been one of the earliest adopters of biometrics. In fact, the early history of biometrics is profoundly linked with government initiatives, specifically in civil and criminal applications when it was established that fingerprint was the most accurate way to identify suspects. Nowadays, biometrics in government permeates more than just criminal applications. Firstly, governments have plenty of sensitive areas and resources which need to be secure. Secondly, governments are the single biggest employer in any given nation. To understand this potential one needs to appreciate the different ways it can be applied.
(The Global Security Market, 15/11/2017)
European security still at the top of UK agenda
“We are leaving the European Union but not Europe, and regional security remains top of our agenda in the face of increased Russian assertiveness. With challenges to our common security becoming more serious, our response must be to work together more closely.” Defence Minister Lord Howe has reaffirmed the UK’s commitment to European Security at a meeting this week of the EU Foreign Affairs Council. Lord Howe discussed the important role the UK plays in European security matters as we prepare to exit the European Union, and highlighted the UK’s commitment to the region as a leading member of NATO in a session attended by NATO Secretary General, Jens Stoltenberg.
(The Global Security Market, 16/11/2017)
Kings Cross fire 30th anniversary
On 18 November 1987, shortly after rush hour at around 7.15pm, a fire broke out at Kings Cross St Pancras, one of London’s busiest interchanges. A few hours later 31 people were dead and 100 were injured. Prime Minister Margaret Thatcher appointed Desmond Fennell QC to chair an inquiry into the disaster that sifted through 80,000 documents, 100 other reports and 15 videos across 91 days. Fennell, who condemned the Underground management team as “blinkered and dangerously self-sufficient”, made 157 recommendations. Only a quarter were implemented – some many years later – but they did bring about meaningful changes that improved passenger safety on the Underground out of sight. No one has died in a fire on the Tube since.
(IFSEC Global, 16/11/2017)
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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