September 4, 2026
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Correction Seen in Global Video Surveillance Market, Due Largely to China

Arecent report by Novaira Insights cites a correction in the global video surveillance industry in 2022, due largely to a sharp decline in the Chinese market in the wake of COVID-related lockdown measures.The correction however is likely to be transient as China recovers, putting economic development and related projects back on track, the report added.

Video surveillance has long been a growth industry. But it took a downward turn last year, according to a recent report by Novaira Insights, which cited a 3.4 percent decline in the global video surveillance market in 2022. This, however, was largely due to a sharp decline in the Chinese market, which dropped 18.6 percent last year, the report showed.

According to the report, the China drop was primarily due to lockdowns causing restrictions on business during 2022 waves of the COVID pandemic. “In the public sector, Chinese government spending was diverted away from areas such as video surveillance, and towards battling COVID-19 and supporting the economy during the lockdowns,” said Josh Woodhouse, Lead Analyst and Founder of Novaira Insights. “China is estimated to have remained the world’s largest regional market for video surveillance equipment, accounting for 44 percent of the world market in 2022. However, this is a reduction from the previous year when it accounted for 52 percent.”

He added that outside China, most markets continued to grow, with the market in the world excluding China growing 13.2 percent in 2022.

As for this year, with China reopening and COVID-related restrictions lifted in most countries in the world, projects and other developmental efforts are back on track. This will be a positive development for the global video surveillance market, which the Novaira Insights report said will grow 11.8 percent this year, making it worth over US$27 billion in 2023.

Impact on Video Surveillance

Like other industries, China’s video surveillance market felt the pinch of the lockdown measures and the resulting business inactivity. Perhaps nowhere can the lockdown impact on China’s video surveillance market be more revealing than Hikvision’s 2022 financial report, which reported 2022 video equipment sales of 65.9 billion RMB, a 1.12 percent growth from 2021’s 65.1 billion RMB. This contrasted sharply from the 16.9 percent growth between 2020 and 2021. 2023 Q1 revenue was also down 1.94 percent year-on-year.

Return to Growth Imminent

Indeed, various positive developments in the video surveillance/security market, both in China and rest of the world, give us reason to be optimistic. Perhaps H1 reports to be released by security companies later this year will provide further insights into how strong the market will fare in 2023 and 2024. Stay tuned for asmag.com’s 2023 Security 50 compilation to be released in November for more information and details.

Milestone Systems Welcomes New Chief Revenue Officer

Milestone Systems, a provider of open platform video management software, is very pleased to announce the appointment of Morten Illum as its new Chief Revenue Officer (CRO).

Morten Illum brings extensive experience and a strong track record in channel sales across regions. His leadership in driving transformation, coupled with his deep knowledge of the tech industry makes him an invaluable addition to the Milestone Systems team. Morten has consistently demonstrated his ability to drive revenue growth, forge strategic partnerships, and build high-performing sales teams.

Thomas Jensen, CEO of Milestone Systems said, “I am thrilled with Morten Illum’s appointment as our CRO which represents a significant strengthening of our company” He added, “Morten’s strong competences with channel sales and international organizations, his extensive background in the tech industry, as well as his proven track record in developing sales, creating the right structure for scalability, and driving business transformation, will be instrumental in Milestones ongoing transformation journey. I look forward to collaborating with Morten to drive Milestone’s growth and success.”

For the past eight years, Morten Illum has spearheaded the growth of HPE Aruba, a Hewlett Packard Enterprise company, doubling the business within a five-year period.

Morten Illum said, “I am delighted to join Milestone Systems as the Chief Revenue Officer.” He added, “Throughout my career, I have witnessed firsthand the transformative power of technology, and firmly believe that Milestone Systems has a huge potential. I am truly excited to become part of the Milestone team, contribute to the growth journey and unlock the immense potential that lies ahead.”

Over 62,000 Cameras Installed in Bangkok in 2022

According to the latest findings from 6wresearch, the government in Thailand is planning to install more video surveillance cameras to reduce the crime rate in Thailand. More than 62,000 security cameras were installed in Bangkok alone in 2022 to strengthen the security in the city.  Based on these findings and other aspects of their research, analysts at 6wresearch are predicting that Thai video surveillance market revenues are projected to grow at a strong CAGR of 12.7 percent during the period 2023-2029.

As one might expect, in 2020 the Thai video surveillance market witnessed a decline, owing to various restrictions imposed by government causing a halt in the construction sector as the pandemic negatively impacted the construction market due to factors such as delay in projects, labour shortage, supply chain delay and increased material costs. Around 290 Large scale government projects were vastly affected with the total value of 6.6 billion US dollars.

2023 Growth 5 Percent

However, the market has returned to its growth trajectory in 2022 & 2023 as after the contraction it grew at 4 percent in 2022 and is expected to grow at 5 percent in 2023, owing to robust demand from home improvement and renovation in the residential sector and new hotel room openings along with huge urbanisation in form of smart cities across the country.

Focus on Smart Cities

And now, the research shows that the Thai government has come up with a concept of smart cities. In the year 2022 they had 15 smart cities all over the country, with an agenda to have one of their Thai smart cities in the list of the world top 10 smart cities by 2037. Two of the key aspects of these new smart cities are Smart Environment and Smart Governance, in order to increase security and safety for its citizens and foreigners visiting the country.

Transition towards IP surveillance technology is also spurring the demand for video surveillance systems principally in hotels and several convenience stores, shopping malls and outlets. Also, rising tourism industry propelling growth in hospitality and commercial sector in Thailand will increase the requirement for video surveillance market in Thailand especially in major urban cities such as Bangkok, Pattaya, Phuket and others.

Double-Digit Growth in the Public Safety Drone Market

The public safety drone market is valued by Marketsandmarkets at USD 1.1 billion in 2023 and is projected to reach USD 2.0 billion by 2028, at a CAGR of 13.0%, according to the research company’s latest findings. The public safety drone market has emerged as a dynamic and rapidly growing sector, revolutionising the way public safety agencies respond to emergencies and ensure the safety of communities.

With the increasing adoption of drones in various public safety applications, including disaster management, search, and rescue operations, surveillance, and incident response, the market has witnessed significant growth and technological advancements. By harnessing the power of drones, public safety organisations can revolutionise emergency response efforts, minimize risks, and better protect and serve the communities they serve.

Rotary wing drones more agile

Based on the platform, the public safety drone market has been classified into fixed-wing, rotary-wing, and hybrid-wing. The rotary wing segment is projected to grow at the highest CAGR during the forecast period. This is due to rotary-wing drones being extremely manoeuvrable, with the ability to hover, rise, descend, and fly in any direction. Because of their agility, they can negotiate complicated environments such as metropolitan areas, heavily populated regions, or limited spaces, making them ideal for search and rescue missions, law enforcement operations, and disaster relief efforts.

Small Drones Will Lead the Market

Based on the Platform, the public safety drone market is classified into Microdrones (250gm-2Kg) and small drones (2kg- 25Kg). Small drones are expected to lead the markets during the forecast period due to small drones are lightweight and portable, making them quick to deploy and providing immediate aerial surveillance and situational awareness during emergency situations. They have lower acquisition costs and require less infrastructure for deployment, such as runways or hangars. Small drones can be used to minimize risks to law enforcement officers and public safety personnel. They can assess hazardous situations remotely, monitor dangerous areas, and gather information before sending personnel into potentially high-risk environments.

Fully-Autonomous Will Be in the Near Future

Based on operational mode, the public safety drone market has been classified into semi-autonomous and fully autonomous. The semi-autonomous segment of the public safety drone market is projected to grow at a significant rate during the forecast period. The growth of this segment can be attributed to the cost-effective usage of public safety drones in several applications ranging from border management to surveys. Also, semi-autonomous public safety drones deliver high manoeuvrability and are equipped with advanced technologies. They have comparatively low maintenance costs.

Asia Pacific Region is expected to have the highest CAGR in the public safety drone Market during the forecast period. This can be attributed to innovations in UAV technology, low-cost manufacturing of UAV parts, and increased demand for patrolling at crowded locations.

Key Players

DJI and Autel Robotics both from China, Skydio Inc and Teledyne Flir of the US, and Parrot Drone SAS from France, are cited as key players in the public safety drone market by the analysts. These companies have mainly resorted to contracts to drive their growth along with launching technologically advanced and cost-effective products.

Embracing a Diverse Security Landscape

ISAF Security Exhibition is undergoing a transformative evolution to encompass a wider spectrum of the Security Sector. Driven by the evolving needs of the industry and exhibitor preferences, this annual event, renowned for its adaptability, is expanding its product focus. In addition to its traditional electronic systems, ISAF is incorporating a diverse array of software products. This strategic pivot aims to cater to a broader audience while aligning with the ever-changing dynamics of the industry.

Scheduled to take place from September 14 to 17, 2022, at the Istanbul Expo Center, ISAF International is set to be a paramount event in the security calendar. To streamline the visitor experience, online registration is available, enabling attendees to bypass queues. The email confirmation received upon registration will serve as a virtual ticket, ensuring swift entry to the exhibition. Anticipated as a convergence of electronic systems, software innovations, and industry experts, the upcoming ISAF exhibition is poised to make a lasting impact on the security landscape.

For inquiries and further details, please visit the official ISAF International website. https://www.isaffuari.com/en/isaf-security/

G4S Wins Two New Contracts With UK Government

G4S Secure Solutions UK (SSUK) has won two five-year contracts from the Government Property Agency (GPA) to provide integrated security and technology services to a significant number of departmental buildings across London and the North of the UK.

G4S SSUK will deliver services across a minimum of 18 London sites and 21 buildings in the North; including four in Scotland and one in Northern Ireland. There is a possibility the number of sites will increase in line with the GPA’s ‘Places for Growth’ programme. The contract will start on 1 October 2023.

The core security services across all of the sites will include duties such as surveillance and alarm monitoring, visitor management including access control, emergency response, keyholding patrol teams and car park management, voice announcement system operation, and in some cases flag flying duty.

The integration of security and technology will use data and analytics to ensure security officers are deployed to higher risk locations, and record security incidents. Incident reports will also be digitally recorded and shared promptly with the customer.

Eddie Hirst, Business Development Director Major Projects for G4S SSUK, said: “G4S SSUK has decades of integrated security experience especially in delivering requirements for customers covering recognisable and sensitive sites all across the country. We’re really excited to be able to play our part in supporting the Government’s Levelling Up and Places for Growth agenda by retaining and creating extra jobs in locations around the north of the UK.”

All of the nearly 300 members of staff who are employed by the incumbent contract holders will be offered the opportunity to TUPE to G4S SSUK and any new recruits will, like the current staff, be required to be Security Check (SC) cleared. Those who do TUPE to G4S SSUK will benefit from access to professional development opportunities during their working hours, including webinars, training courses and knowledge-sharing sessions for industry leaders via the G4S Academy.

ASSA ABLOY launches Aperio® KL100: a new wireless access solution for lockers and cabinets brings improved security to valuables

London, August 2023 – Access control should not stop at doors: In shared spaces, valuables and other personal items deserve the same protection as offices, treatment rooms or server racks. Many access solutions are limited to the door environment. This is where the new AperioÒ KL100 comes in: It integrates seamlessly with more than 100 access control systems, bringing security to many access points beyond just doors.

 Managing the security of additional access points outside a security system increases risk, complexity and workload. The battery-powered Aperio KL100 solves this problem. It secures lockers, cabinets, cupboards, drawers. Almost any small opening quickly becomes an integral part of an access control system.

An Aperio KL100 fitted at these points gives personal valuables, medicines, sensitive documents, retail stock, sports kit and more the security they deserve. It deters unauthorized access and theft.

With two different lengths and several CAM options, the KL100 is a straightforward retrofit solution. It suits almost any locker, cabinet or drawer, whether wooden or metal. Powered by one battery, this wireless lock consumes very little power — it only “wakes up” when a credential is presented — and needs no specialist maintenance.

In line with every device in the Aperio range of battery-powered locks, this protection does not require the hassle or inflexibility of physical keys.

An Aperio KL100 can be operated with mobile keys via Bluetooth Low Energy and NFC, as well as smartcards and fobs using all major RFID technologies. For added user convenience, the device accepts multiple credential technologies simultaneously, in parallel, so security managers can roll out mobile keys at their own pace.

Easy hardware integration for greater efficiency and convenience

The Aperio KL100 is designed for minimal disruption to furniture. A tiny footprint and wire-free operation ensure it’s fitted quickly without causing damage or visual impact.

Yet within this small package is a powerful device which integrates seamlessly with any new or existing access control and security system — from over 100 different manufacturers and counting. Existing user credentials do not need to be replaced.

A KL100 may be connected Online, Offline or via OSS compliant integration — and switched between them at any time. Online management enables real-time control over every KL100 lock, with easy access rights administration and instant availability of audit trails for any opening or user — which makes incident investigation fast and accurate.

The Aperio KL100 Locker and Cabinet Lock joins a family of trusted wireless, battery-powered devices which includes cylinders, escutcheons, handles, security locks, server rack locks and more.

With its contemporary, low-profile design and power provided by a single, standard lithium battery, the KL100 is the modern choice for securing any site’s valuables and sensitive small spaces.

To learn how easy it is to extend access control with the AperioÒ KL100, download a free brochure at https://assaabloy.com/emeia-blueprint/market-product-assets/aperio/aperio-kl100/assets/documents/collateral/Screen_AA_Aperio_KL100_Brochure_06_2023_ENG_EMEIA.pdf

Revamping the most versatile speed gates on the market: EasyGate SPT and SPD bring new security features and multiple design options

PRAGUE, 10. August 2023 — Security solutions don’t have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demostrated their Art of Security philosophy in practice — and confirmed their position as one of the industry-leading manufacturers of premium speed gates and turnstiles. Their EasyGate product line is now even sleeker and more chic, with improved security features for even stronger protection against unauthorised access.

EasyGate SPT and SPD have long been the staples of Cominfo’s portfolio. One would say they would be considered untouchable because they’re so popular. Don’t change what works, they say. “I couldn’t disagree more! Constant innovation and improvement is key if you want to stay relevant,” says Jarmil Vlček, the CEO of Cominfo.

To make their CEO’s words come true, Cominfo presented new versions of their EasyGates earlier in 2023. The SPT and SPD EasyGate models now set the standards even higher, both design- and security-wise. Frameless integration of card collector and lane light navigation makes the design of the speed gates sleek and elegant, with no visual disturbance whatsoever. Hidden lock covers and narrower profile of Passage Light and S-beam sensor covers further enhance the chic appearance of the design-conscious speed gates.

Lowered edge of the glass wing contributes to stronger security and prevents unauthorised access. Customers can opt for flag-shaped glass wings for their speed gates, to further enhance security and access control.

“To satisfy the demand for entrance solutions in places where space is limited, we’ve developed a shorter version of EasyGates — the EasyGate SPTs and EasyGate SPDs. These are our mostcost-effective speed gates, perfect for areas where you can’t afford to waste even an inch of the space,” adds Jarmil Vlček.

With regard to the Art of Security philosophy, Cominfo excels at making their speed gates blend with surroundings seamlessly, often taking the visual experience to another level. Design of their speed gates is modular — clients can choose the front shape of the cabinet, material of the side panels, various surface finishes, and many other features. Cominfo is able to truly customise their EasyGates; even cladding them in marble, for the sake of matching them perfectly with the interior.

“Our customers are thrilled to hear that almost any feature of our speed gates can be customised. The lights navigating the user through the speed gate can be made in various colours — distinctive enough to be noticed but pleasing to the eye at the same time. We can even match the various sounds of our audio signalisation of the speed gates to other sounds present in the building, in order not to create an unpleasant cacophony of sounds in a bustling lobby,‘‘ explains Jarmil Vlček.

As appearance- and design-conscious as Cominfo is, their speed gates are primarily controlled access solutions — reliable and well-secured. All EasyGate models are equipped with technology preventing unauthorised access, be it tailgating, cross-over, jump-over, and climb-under attempts. Robust construction, high-quality components and industry-leading Magnetic Direct Drive motor guarantees exceptional longevity and little to no maintenance. The motor itself withstands 25 million cycles before failure.

Not only can Cominfo integrate any access control technology into their speed gates, they do so without disturbing the elegant sleek design. Frameless, flush-mount, seamless — those aren’t just buzzwords but actual outcomes when it comes to technology integration at Cominfo. Anything goes — be it checking in with a wave of a hand, or an elevator coming automatically to take you to your floor once you pass the speed gate.

EasyGate SPT and SPD are hi-tec access solutions that never compromise user experience. Their throughput capacity allows comfortable passage of 60 people per minute. EasyGates won’t let you down in high-traffic areas, such as busy airports, train stations, public buildings, large office spaces, and cultural venues.

Sustainability is another trendy expression and more than just a buzzword for Cominfo. “We care about the line of business we’re in. We manufacture our speed gates in Czechia, the heart of Europe, as we like to call it. Our materials come from local sources and 99% of them are recyclable. Moreover, our speed gates boast with the lowest electricity consumption when in standby mode,” adds Vlček.

From London to Prague, over Kuala Lumpur to Sydney. Access to architectural landmarks in these towns is guided by Cominfo speed gates. High-quality, state-of-the-art technology, and flexible design are values that construction companies, architects, and engineers want to see fulfilled. Cominfo does just that.

BH Telecom Launched Its Security Operation Center

BH Telecom has successfully launched its Security Operation Center (SOC), in collaboration with its partners. The SOC is a centralized 24/7/365 solution responsible for continuous monitoring, evaluation, and protection of digital resources, with the aim of protecting information, infrastructure, and business operations from cyber attacks.

In line with global trends in information security and the current geopolitical situation, protection against cyber attacks has emerged as one of the crucial elements in every company’s operations. Recognizing these risks is important both in private and public companies, since the potential damage caused by even the simplest security incident should not be overlooked.

With the assistance of the SOC, companies can now proactively and promptly respond to potential attacks, safeguarding their data, finances, and reputation. Some of the key advantages of the BH Telecom’s SOC solution include a highly redundant network infrastructure and a reliable new vSAN Cloud platform. Additionally, BH Telecom’s has years of experience in continuous monitoring, real-time response, 24/7/365 availability, investigation of suspicious activities, knowledge and expertise of internal and partner IT professionals, and an integrated quality system certified according to ISO 9001 and 27001 standards.

BH Telecom is also the first holder of an industrial security permit in the field of telecommunications in Bosnia and Herzegovina.

Introduced last year, the testing phase has been successfully completed and the solution commercially launched in the first quarter of this year. It already has first users whose infrastructure was quickly and seamlessly integrated into the SOC service, without compromising the security of their business information and/or personal data.

In the coming period, BH Telecom plans to further enhance the flexibility of the SOC service and make it more accessible to users, allowing more companies and institutions to utilize part of its functions or the entire SOC service for affordable monthly fees, tailored to their specific needs and risk management processes.

Smart Building Market Size to Surpass USD 408.21 Billion by 2030, exhibiting a CAGR of 22.8%

As per the report by Fortune Business Insights, the global Smart Building Market size is projected to reach USD 408.21 Billion by 2030, at a CAGR of 22.8% during the forecast period.

Pune, India, July 19, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights, global smart building market size was valued at USD 80.60 billion in 2022 and is projected to grow from USD 96.96 billion in 2023 to USD 408.21 billion by 2030, exhibiting a CAGR of 22.8% during the forecast period. Increasing Smart City Projects to Drive the Market Growth. Fortune Business Insights™ mentioned this in a report titled Smart Building Market Forecast, 2023-2030. Smart buildings contain an advanced control system that controls building operations, such as air conditioning, lighting, ventilation, heating, and other systems, consisting of sensors, microchips, and actuators.

Request a Free Sample PDF:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/smart-building-market-101198

Key Industry Development:

November 2022: Qualcomm Technologies, Inc. in partnership with Siemens Smart Infrastructure for 5G networks for smart buildings. This partnership focuses on advancement of digitization of building automation by developing new and smarter smart devices in the future.

Key Takeaways

  • Surge in Demand for Safe and Healthy Workplaces to Fuel Market Development
  • Increasing Smart City Projects to Surge Market Opportunities
  • By Application Analysis: Growing Investment in Smart Technologies to Enhance Commercial Building Operational Efficiency
  • Growing Energy Consumption Concerns to Propel the Market Growth

Discover the Leading Players Featured in the Report:

“Companies leading the Smart Building Market are Cisco Systems, Inc. (U.S.), Siemens AG (Germany), ABB Ltd. (Switzerland), Schneider Electric SE (France), Endeavor Business Media (U.S.), IBM Corporation (U.S.), Legrand SA (U.S.), Honeywell International Inc. (U.S.), Johnson Controls Inc. (U.S.), Hitachi, Ltd. (U.S.)”

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2023 to 2030
Forecast Period 2023 to 2030 CAGR 22.8%
2030 Value Projection USD 408.21Billion
Base Year 2022
Smart Building Market Size in 2022 USD 80.60 Billion
Historical Data for 2019 to 2021
No. of Pages 150
Segments covered Component, Application and Geography

Browse Complete Report Details:

https://www.fortunebusinessinsights.com/industry-reports/smart-building-market-101198

SEGMENTATION

By Component

  • Solution
  • Parking Management System
  • Smart Water Management System
  • Elevators and Escalators System
  • Access Control System
  • Video Surveillance System
  • Safety System
  • HVAC Control System
  • Lighting Control System
  • Building Infrastructure Management
  • Security and Emergency Management
  • Energy Management
  • Services

By Application

  • Residential
  • Commercial
  • Hotel
  • Healthcare
  • Retail
  • Corporate Offices
  • Others (Apartments, Condos)

By Region

  • North America
  • Europe
  • Middle East & Africa
  • Asia Pacific

Drivers & Restraints

Rising Energy Consumption Concerns to Propel Market Growth

Increasing concerns about rising energy consumption globally are anticipated to support advanced and energy-efficient technology. For instance, as per the IoT and smart building 2019 report of IBM Corporation, real estate and commercial buildings use 50% of energy and water. The report further states that commercial buildings are anticipated to consume maximum energy by the year 2025. As per the study of IBM Corporation report, implementing advanced technology, such as IoT, AI, and others, has reduced energy usage by 40% and 10%-30% maintenance costs.

However, subsequent barrier to the growth of the market is the rise in the number of cyber-attacks which may sometimes led to access to personal information and confidential information.

 

Regional Insights

Growing Adoption of Intelligent Building Solutions to Boost the North America Market

North America is estimated to lead the regional revenue share during the projected period. To boost workplace operations, prominent companies in North America are shifting toward intelligent building solutions.

Europe will stand second with a subsequent market share following North America. The increasing focus on implementing efficient energy-saving technologies in commercial and residential buildings is anticipated to drive the smart building market share.

Asia Pacific is estimated to gain notable growth during the projected period. The increase in government initiatives in developing smart commercial places, localities to reduce energy consumption, and shopping malls, to minimize energy consumption is predicted to fuel the smart building market growth.

Quick Buy – Smart Building Market Research Report:

https://www.fortunebusinessinsights.com/compare-plan/101198

Competitive Landscape

Increasing Strategic Collaborations and Advancement to Drive the Market Growth

The key players in the market are deliberately entering into collaborations and partnerships to expand their market share. Such players are gaining local players across countries to grow their global presence. For managing residential buildings and commercial operations, the market players continuously invest in developing and launching new intelligent solutions and services.

 

FAQ’s

How big is the Smart Building Market?

Smart Building Market size was USD 80.60 billion in 2022.

How fast is the Smart Building Market growing?

The Smart Building Market will exhibit a CAGR of 22.8% during the forecast period, 2023-2030.

Related Reports:

Internet of Things [IoT] Market Size, Share & Growth

Smart Home Market Size, Share & Trends

Smart Cities Market Size, Industry Share

Building Integrated Photovoltaics Market Size, Share, Trends

Facility Management Market Size, Share | Growth

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a&s Adria – professional security magazine for providing total security solutions is a monthly circulating publication and a licenced representative of Messe Frankfurt New Era Business Media for Adriatic region, which consists of following countries: Bosnia and Herzegovina, Croatia, Kosovo, Montenegro, FYR Macedonia, Slovenia and Serbia.