business news Euralarm members represent approx $67B market revenue Zug, Switzerland Affärsfolk Euralarm, the association representing the European electronic fire and security industry, has released its Annual Report 20152016. The report features in depth information on the association and the markets it represents, based on a study published by the European Commission on the ‘Development of statistical data on the European Security and Technological Industrial Base’. Euralarm believes that the electronic fire safety and security industry’s voice is stronger than ever, sustained by the increasing strategic and economic importance of the sector for the EU. Statistics mentioned in the Euralarm Annual Report 2015-2016 notably relate to the current state of the production, workforce and size of the industry, its strengths and weaknesses. The total market value of the fire safety and security sector represented by Euralarm reaches this year €67 billion. Systems represent 48 per cent of the market, services 32 per cent and products 20 per cent. The expected market growth in the electronic fire safety and security sector over the next five years is 11 per cent. Although this figure follows natural inflation, it places the security and fire safety industry as one of the leading sectors in the European Union in terms of growth. Euralarm itself represent over 5000 companies within the electronic fire safety and security industry sector. In terms of employment, companies involved in industrial sectors covered by Euralarm’s activities represent nearly 700,000 jobs. Chris Valentino – recently appointed as head of business development at Xvision. New head of business development at Xvision Chris Valentino has joined Xvision as Head of Business Development. Xvision designs CCTV, networking, access control and door entry products from its Surrey headquarters. He comes to Xvision after performing a similar role for Florida-based IC Realtime, where he led a UK start-up and created routes to market that quadrupled European revenue. The home of security technology Security News Every Day – www. securityworldhotel.com www.securityworldhotel.com dete kto r in te r nat i on al • 25