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Lorne Stewart Group
Lorne Stewart Group

Industry Spotlight: Fire and security systems continuing to grow, BSRIA analysis claims…

A recent market intelligence study conducted by theย BSRIAย on the Global Overview Analysis of Fire and Security (GOA F&S) demonstratesย that the global fire detection and electronic security systems market is continuing to rapidly grow; with UK statistics revealingย theย fire sector recordedย at nearlyย five per cent per annum, and security expected toย increaseย byย two-and-a-half toย threeย per centย every year.

Understandablyย given recent events, terrorism has become a significant force for the security systems market and led to wider acceptance of surveillance; although a major price decrease inย CCTV camerasย was alsoย detected. In additionย to cloud-basedย security-as-a-service (SECaaS) offerings showing steady development,ย analysis indicatesย smartphones andย lighting solutionsย areย alsoย starting to appear as aย ‘human-centric’ย security solution.

Senior manager ofย Energy and Smart Technologies atย BSRIA Worldwide Market Intelligence,ย Jeremyย Towler,ย said: โ€œThe aims of this report were to acquire an overview of the essential metrics and characteristics of the market by size, segmentation, trends, drivers, forecasts, distribution channels. Worth someย $97 billion, this lucrative market will continue to attract new entrants, with innovative technologies and novel business models that can disrupt traditional business.โ€

This study forms part of BSRIAโ€™s regular multi-client reportย programme,ย and the Global Overview Analysis studies represent a value-for-money overview of the essential metrics and characteristics of the market. Bothย reports showcase the latest developments and trends in the market for building fire detection and electronic securityย systemsย products, value added services and service and maintenance.

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