security technology market Kuwait access market fuelled by infrastructure growth Surging IT expenditure, growing security concerns, the need to restrict unwanted access, penetration of biometric technology based access control systems and a rise in construction activities are spurring the growth of Kuwait’s access control market, according to the report, “Kuwait Access Control Market (2015–2021)”. New Delhi, India infrastructures. In Kuwait, deployment of network based electronic systems is rising, including IP video surveillance, IP technology based access control and perimeter intrusion detection systems. 100 billion US dollar on one city project According to Prijo Samuel, Senior Research Analyst, 6Wresearch, Kuwait is likely to spend nearly 90–100 billion US dollars on the upcoming Silk City (Madinat Al-Hareer) project; subsequently triggering the growth for IP technology based electronic security systems. “Aside from the Silk City project, Kuwait is also constructing two other major cities- Sabah Al Ahmad and Al Khiran Pearly City; cumulatively expected to spend around $30–40 billion in the coming years.” Samuel further added. Kuwait City. Multimodal biometrics According to Akash Shukla, at 6Wresearch, though fingerprint biometrics access control systems dominates the overall demand from the biometrics segment, Kuwait’s access control systems market is expected to generate higher growth for multimodal biometrics, as a result of higher reliability coupled with declining prices. declining demands for traditional readers “In the Kuwaiti access control market, the majority of the demand lies in the Al-Kuwayt governed region, followed by Al-Farwaniya and others. The market for other access control systems, primarily keypad readers and electronic door locks is declining due to shifting of the market towards contactless card and biometric technology access control systems.” Akash concluded. Construction of three new cities is anticipated to further fuel the demand for various security systems such as access control systems. In Kuwait’s electronic security market, the access control sector in particular is witnessing significant demand from the commercial sector, where card based access control systems hold the majority of the market share. Biometrics on the contrary is exhibiting a tremendous growth rate over card readers based access control systems. 7% growth According to 6Wresearch, Kuwait’s access control systems market is forecast to grow at a CAGR of over 7% during 2015–21. Being one of the key contributing nations in the GCC region, Kuwait is witnessing expansion in public and private Video surveillance storage market to reach $18.28B A new market report estimates that the video surveillance storage market is expected to reach USD 18.28 Billion by 2020, at a compound annual growth rate (CAGR) of 22.41% from 2015 to 2020. Hadapsar, India The report, produced by Marketsandmarkets, defines and divides the video surveillance storage market into various segments with an in-depth analysis and by forecasting revenues. This research report also identifies the factors driving this market, various restraints, challenges, and opportunities impacting it and studies the trends to achieve growth in this market. Three main segments According to the analysts, the video surveillance storage market is broadly segmented into storage technologies, storage media, deployment models, services, verticals, and regions. Based on storage technologies, the market is segmented into Storage Area Network (SAN), Direct attached Storage (DAS), and Network Attached Storage (NAS). Video surveillance storage Video surveillance storage is an important part of the entire surveillance system setup as it stores the recorded video. It has emerged from a simple data recording to sophisticated storage of data using storage technologies that can be analysed and retrieved, whenever required. The surveillance system is deployed by various end users in all industries for the safety and security of the individual, properties, and other valuable assets. The stored data can also be used as footage to uncover an unwanted event, in case of theft and various such scenarios. Falling prices There are various norms that are being imposed by governments to store data for a specific period of time. The government and defense are the major end users that are using video surveillance storage solutions. Education, retail, and residential among other verticals shows high opportunities in this space. Falling prices of hard disk drives (HDDs) is allowing the end users to store large volume of data, further encouraging the demand for surveillance storage space. Strong growth Research suggests that the North America market is expected to grow with a high market share of 38.6% by 2020. It was also found that the Middle East and Africa followed by Asia-Pacific have great opportunities in this market with the highest percentage of CAGR. A number of factors such as developing economies with increasing adoption of video surveillance systems are creating positive impact on the growth of the video surveillance storage market. The report The full title of the report is the “Video Surveillance Storage Market by Storage Technology (SAN, DAS, NAS), Storage Media (HDDS, SDDS), Deployment Model (On-Premise & On Cloud), Service, Vertical, and Region – Global Forecast to 2020”. Security News Every Day – www. securityworldhotel.com