EYE-ON-TECH LOOKS AT SOME OF THE LATEST NEWS, VIEWS AND DEVELOPMENTS IN THE WORLD OF SUPPLY CHAIN SECURITY
The recently-published IHS Markit Physical Security Equipment & Services Report estimates that the global market for physical security equipment totalled US$29.2 billion in 2016.
This represents a $1.6 billion or 5.8% increase over 2015. Included in this estimate are the following equipment types: video surveillance, access control, intruder alarms, entrance control (pedestrian and vehicle), consumer video surveillance, mobile video and body worn cameras, and enterprise storage.
Looking forward, IHS Markit forecasts that the world market for physical security equipment will grow at a compound annual growth rate (CAGR) of 7% to 2021. By 2021, the physical security equipment market is expected to total US$41.7 billion annually.
Geographically, there are significant differences in terms of where future growth is expected to come from. China, the largest single market for physical security equipment in terms of revenue, accounted for 29% of the global market in 2016.
General Data Protection Regulation (GDPR) requirements, deadlines and facts
On 25 May 2018, the General Data Protection Regulation will come into force and any B2B or B2C organisation is expected to have measurements in place to comply with this regulation. But do we really know what this regulation is about? Have our organisations taken the necessary steps to protect data from external parties whilst being processed within our companies? I found this article on the net and wanted to share it with you as we head into the year 2018.
GDPR is a regulation that requires businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states. And non-compliance could cost companies dearly. Here’s what every company that does business in Europe needs to know about GDPR.
Perimeter Security market is expected to reach $224.89 billion by 2023 with a CAGR of 13%
Factors such as the rising number of perimeter intrusions, increasing urban infrastructure across the globe, strict government rules and rising technological advancements in perimeter security are fueling the market growth. However, high investment cost and maintenance requirements, lack of technical expertise and awareness are still restricting the market at a time when the development of next-generation integrated systems is providing ample opportunities for market growth.
Hikvision introduces Smart Parking Management Solution
Hikvision, which claims to be one of the world's leading suppliers of innovative video surveillance products and solutions, is set to make life easier for parking operators with their ‘state-of-the-art Smart Parking Management Solution’. They say this solution will masterfully improve the efficient management, security and profitability objectives of parking operators.
Genetec announces Traffic Sense—a unified traffic operations platform driven by advanced analytics
Continuing in the parking domain, a hot topic for TAPA EMEA and its members, let me share with you another smart way of analyzing traffic flow…
Traditional advanced traffic management systems require extensive custom integration and development, and are slow to adapt to changing environments. Traffic Sense, on the other hand, is reportedly designed to seamlessly integrate new and emerging technologies, reducing customers' total cost of ownership and shortening implementation cycles significantly. Traffic Sense enables traffic centres to adapt and automate responses to current challenges, such as roadworks, new developments and changes in drivers’ behaviour.
FLIR Thermal Bullet Camera has built-in human and vehicle recognition analytics
FLIR has introduced the FB-Series ID, the latest fixed bullet thermal security camera in the FB-Series family. The FB-Series ID features video analytics that are capable of classifying human or vehicular intrusions, making it well-suited for narrow-to-wide area perimeter detection and sterile-zone monitoring.
Combined with FLIR’s custom automatic gain control (AGC) and digital detail enhancement (DDE), the FB-Series ID provides high quality image contrast and sharpness to improve analytic performance, resulting in fewer false alarms, according to the company.
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Wishing you all a great year-end break and a very safe and secure 2018.