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Automated fingerprint ID market to grow to $8.49B by 2020

The latest market research released by Marketsandmarkets on Automated Fingerprint Identification Systems shows that the market is expected to be worth USD 8.49 Billion by 2020 at an estimated CAGR of 21.0% between 2015 and 2020. The transformation and technology evolution from the manual process to digital process and the growing investments in the government and enterprise sectors to support e-governance applications should help drive the AFIS market during the forecast period.

Business News

Shanghai is just one of the cities participating in the introduction of the new ISO standard for Smart Cities

Smart Cities must be based on a proper foundation

Today the population is growing at an almost alarming rate and this issue is putting great pressure on the infrastructure of many cities.  It is only when communication, energy, safety, security and mobility of goods and people function seamlessly, that cities can offer their citizens quality of life and a flourishing economy. For city planners, the answer to these challenges, according to Siemens Building Technologies Division, is the “smart city.” The foundation of which is based on uniform standards for intelligent, secure and resilient infrastructure solutions.

Business News

IHS predicts further acquisitions ahead

As we reported last week, Johnson Controls and Tyco International  plan to merge with a deal that is still subject to approvals by regulators and shareholders, and due to close at the end of 2016.  The combined company will be known as Johnson Controls plc and it forecasts revenues of $32 billion in 2016.  Research specialists IHS predict that following this latest merger announcement we may see more acquisitions within the security system integration segment of the market.

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