WELLINGBOROUGH, England—Budgets for physical security equipment continue to defy the sluggish economic recovery, with 45 percent of end users reporting that their security funding increased during 2012, according to a survey conducted by IMS Research, now part of IHS Inc.
ATLANTA—The Atlanta City Council has voted to spend $2.25 million to increase video surveillance throughout the city. An additional 112 cameras will be added in and around downtown, the Atlanta Journal-Constitution reports.
ATLANTIC CITY—The Trump Taj Mahal Casino Resort is investing $5 million to upgrade its security in parts of the casino and its parking garage, which was the scene of two fatal carjackings in the past two years, according to local news reports.
WELLINGBOROUGH, U.K.—The global market for cloud-based video surveillance was worth more than $500 million in 2011, a 25 percent increase from its size in 2010, though its future growth will depend on the industry's ability to overcome a few barriers, according to a new study by IMS Research.
CHICAGO–Schneider Electric, a global player in building automation and energy management systems, expects physical security to be one of its major growth areas going forward, according to Jim Sandelin, SVP of the company’s Buildings Business in the Americas.
WASHINGTON—Public surveillance cameras are successful at reducing neighborhood crime depending on how they are set up and monitored, according to a new report from the Urban Institute on the usefulness of surveillance cameras.