Featuring supplier news, product launches, events, our own articles, and more, read our Fire & Security industry news round-up for the week ending 30/09/16
Fire & Security industry news round-up for the week ending 30 September 2016
The growth of top security companies
According to the IHS Markit Physical Security Equipment and Services Report, top 15 security companies worth over $123 Billion in 2015, are predicted to strengthen their leading industry position and continue their growth with the equipment market forecast to grow at a CAGR of 8.5% to 2020, and the services market forecast to grow at a CAGR 4.5% to 2020. “The market share of the top 15 security equipment and services companies accounted for 21.4 percent of the equipment and services market in 2014, growing to 23.1 percent in 2015”.
(Security Systems News, 28/09/2016)
Middle East security market expansion
“Middle East organisations and end-users realize the impact of security and fire safety on their overall productivity and bottom lines, while regional governments have always been committed to protecting critical assets and people in the face of perceived threats along with social and commercial interests.” As reported by Frost & Sullivan The Middle East commercial security market is predicted to almost triple its value until 2020, from $3.8 Billion in 2015 to $10.2 Billion, growing annually by 24%. Huge growth potential is also expected in fire protection and homeland security markets.
(Security News Desk, 29/09/2016)
Uncooled thermal security camera models coming onto the market
When much more specialized and expensive cooled models can cost up to 5 times more, the uncooled cameras are having their prime time. Industry experts agree that for security applications uncooled models definitely have the edge over cooled: “We don’t really see any use for cooled for security because there is too much maintenance involved.”
(Security News Desk, 28/09/2016)
The end of ‘European electronic safety and security gap’?
For the last few years, Euralarm was deeply involved in developing and advancing a new European standard, prEN 16763, the document that for the first time defines the quality level of services for electronic fire safety systems and security systems, to comply with the objectives of the European Service Directive. The final vote is currently under way.
(Security World Hotel, 27/09/2016)