PUNE, India—Demand among government agencies, large enterprises and tech establishments is expected to push the global physical security market, currently worth about $55 billion, to a value of $85 billion by 2018, according to a new report by the research company MarketsandMarkets.
AUSTIN, Texas—The drive for open standards in the access control market continues to trail a similar push in video surveillance, potentially limiting growth, but global access-control revenues are still expected to rise from $2.1 billion in 2011 to $2.3 billion by the end of 2013, according to a new report by IMS Research.
MIAMISBURG, Ohio—Matrix Systems, an access control and security solutions provider, is implementing an array of strategies designed to increase efficiency in manufacturing and R&D, and to further improve customer service, according to a company statement.
WASHINGTON—With immigration reform gaining momentum in Congress, the Security Industry Association is calling on lawmakers to approve biometrics on identity cards to ensure the highest level of security at U.S. entry points.
BALTIMORE—Securityhunter, a designer and installer of security systems for commercial and government entities, was awarded a contract from the U.S. Navy to install physical security and access control systems, according to a news release.