This week in our Fire & Security industry news round-up we cover an acquisition of Guavus by Thales, a growth of fraud detection and prevention market, challenges of video storage and more…
Thales is acquiring Guavus
Thales strengthens its positioning in one of the key technologies at the heart of digital transformation of its customers, by acquiring Guavus, one of the pioneers of real-time big data analytics. Guavus is perfectly suited to help Thales address the growing needs of an increasingly connected global ecosystem. The company has built a recognised industrial “big data” platform particularly adapted to real-time analytics and designed to be easily implemented across any number of new markets.
(Security World Hotel, 14/09/2017)
Fraud detection and prevention market is growing
According to the newly published report from Marketsandmarkets, the fraud detection and prevention market (FDP) is expected to grow from $16.62 billion in 2017 to $41.59 billion by 2022, at a compound annual growth rate of 20.1%. The researchers suggest that the number of fraudulent actions is not particularly on the increase, but the degree of lost revenue is, and it is this factor that is driving the demand for FDP solutions. The authentication solution is expected to have the largest market share in the FDP market in 2017.
(Security World Hotel, 13/09/2017)
Video analytics: Asian cities vs US and Europe
“By 2020, spending on video analytic technology in Asia Pacific will surpass the US and European markets because of rapid adoption of smart cities for urbanisation and economic growth”. Advances in video analytic technology could also enable governments to detect suspicious objects and record number plates. Controversially, China has already upped its use of video facial recognition technology in some cities, with authorities using it on the streets, in subway stations, at airports and border crossings, to influence behavior and identify lawbreakers.
(Tech Wire Asia)
Real-world challenges of video storage
Video surveillance can create one of the most challenging workloads for any storage system. When all of the variables are taken into account—number of camera channel streams, type of video format, frame rate, video compression, and length of the recordings—the amount of data can quickly become unwieldy. Factor in the number of days, weeks, or years the content must be retained and the data management problem is considerable. Finally, add the need to manage, analyze, and search through thousands, and possibly, hundreds of thousands of files for retrieval, and you have a challenge that can overload most appliance and IT-based storage solutions.
(Security Watch Info)
Security cameras helped to capture a man robbing hurricane-evacuated home
A man was arrested over the weekend in connection with the burglary of an evacuee’s home in Stuart, Fla. The homeowner, who was in a shelter at a local elementary school, checked his security cameras on his mobile and saw the suspect in his backyard. He then alerted police who responded and discovered the suspect had broken the hurricane-impact windows and stolen $1,000 worth of property from the house.
(SDM Mag, 12/09/2017)
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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