This week in our Fire & Security industry news round-up we cover a future of the growth of Facial Recognition & Smart Home markets, the cost of cyber attacks, an impact of Cyber Security on Smart Building market, an unexpected end for one security robot and more….
The future of building management and fire safety
Can integrating Fire Safety Management with Building Control be achieved? Until fairly recently, automated central control of building-wide systems was found only in larger commercial buildings and expensive homes. Typically involving only lighting, heating and cooling systems, building automation rarely provided more than basic control, monitoring and scheduling functions and was accessible only from specific control points within the building itself. Whilst full integration of these technologies is some way off, automation increasingly gives access to control devices from a mobile device anywhere in the world.
(GIT Security, 20/07/2017)
The growth of Facial Recognition Market
According to the recent report by ReportsnReports, Facial Recognition Market is expected to grow at 22.53% CAGR by 2021. Increasing instances of identity threats are one of the main reasons for market’s growth. The growing popularity of online gaming and social network websites is also adding to the rising number of identity theft cases. Facial recognition market analyst says one trend in the market is an integration of facial recognition in video surveillance.
(PR Newswire, 20/07/2017)
When surveillance meets Analytics Intelligence
IHS has published the report, predicting security camera shipments continue to grow at 14.1% CAGR, reaching 190 million units in 2020, despite revenue growth having slowed to 8.1% CAGR. There are just too many cameras and video footage to be digested by human operators. Most security video footage is erased or over-written without being watched. Video Analytics (VA) Technology was once perceived as a solution to automate the utilisation of abundant video footage resources. By means of identifying and tagging the appearance of certain patterns in a video, the VA or AI system could perform search and run statistics on it.
(Security World Market, 19/07/2017)
The cost of a cyber-attack
Lloyds of London, the world’s oldest insurer, has published a 56-page report that reveals how the potential cost of cyber-attacks has spiralled in recent years. The report has warned that a major cyber-attack could cause problems that cost as much as $120 Billion (£92 Billion) to rectify. “Just like some of the worst natural catastrophes, cyber events can cause a severe impact on businesses and economies, trigger multiple claims and dramatically increase insurers’ claims costs.”
(IFSEC Global, 19/07/2017)
Smart Home Market is booming
The new research published by MarketsandMarkets™ is predicting the Smart Home Market will be valued at $137.91 Billion by 2023, growing at a CAGR of 13.61% between 2017 and 2023. The growth of the smart home market can be attributed to the significant advancements in the IoT market; increasing need for convenience, safety, and security; and rising demand for energy saving and low carbon emission-oriented solutions.
(PR Newswire, 19/07/2017)
Revised fire extinguisher servicing competency scheme document
BAFE has revised its fire extinguisher maintenance/service scheme and BAFE SP101:2017 this is now available via the BAFE website. Coming into effect from 1 October 2017 the updated scheme seeks to better define what constitutes competence in the provision of fire extinguisher services and updates the role of the fire extinguisher technician. BAFE launched a review of the scheme in April 2016 after a lengthy consultation period.
(IFSEC Global, 19/07/2017)
Cyber Security in the Smart Buildings sector
Memoori presents a brand new report, building on our portfolio of building technology related research. This independent study makes an objective assessment of the current state of the market for Cyber Security in the Smart Buildings sector. The report focuses on market sizing and opportunities for Smart Commercial buildings, providing a fresh market assessment based upon the latest information.
Security robot drowns in a fountain
A security robot in Washington DC suffered a watery demise after falling into a fountain by an office building. The stricken robot, made by Knightscope, was spotted by passers-by whose photos of the aftermath quickly went viral on social media. For some, the incident seemed to sum up the state of 21st Century technology.
(BBC News, 18/07/2017)
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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