| | ENTERPRISE SECURITY6 OCTOBER - 2021Ensuring Enterprise Safety with Fire Protection PrioritizationEditorialCopyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorRussell ThomasEditorial StaffAaron PierceAlex D'SouzaAva GarciaJustin S GonsalvesVisualizersRonald DonovanSalesAlena D'Souzaalena@enterprisesecuritymag.comEmail:sales@enterprisesecuritymag.comeditor@enterprisesecuritymag.commarketing@enterprisesecuritymag.com*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffHistorically, the adoption of fire protection systems in numerous developing countries was low compared to developed nations. This was mostly due to a lack of public knowledge of the product as well as diminished regulatory pressure. However, the efforts of many systems integrators, manufacturers, and dealers have raised user awareness. The introduction of fire safety programs and the use of targeted marketing to explain the benefits of a fire protection system have piqued the interest of both big and small and medium-sized businesses. This has resulted in consistent market expansion over the last few years.The global fire prevention system market was valued at USD 67.76 billion in 2020, and it is expected to increase at a compound annual growth rate (CAGR) of 6.8 percent between 2021 and 2028. The construction of new property, both residential and non-residential, is projected to provide new opportunities for the installation of fire alarm and detection systems. For employee safety, commercial and industrial locations rely heavily on fire protection systems. In addition, an increase in the number of property damages caused by fire incidents promotes market growth. Furthermore, the market is influenced by the laws, standards, and codes established by various regulatory bodies. Organizations have been compelled to implement fire prevention systems as a result of the rising requirement. These factors are likely to promote market growth during the forecast period.However, the COVID-19 pandemic had a negative impact on the global market in 2020, resulting in a further decrease in the manufacturing of new fire prevention systems. The market was harmed by supply chain disruptions across nations and regions. Nonetheless, post the pandemic, the market is likely to expand. The rising urban population, as well as the need to protect people and the environment from fires, is projected to drive up product demand.This edition aims to provide readers insights from industry leaders to help them have a detailed understanding of the fire protection arena and the recent developments in this field.Let us know your thoughts.OCTOBER - 25 - 2021, Volume 07 - 15 Published by ValleyMedia, Inc.(ISSN 2691-4034) To subscribe to ENTERPRISE SECURITYVisit www.enterprisesecuritymag.com Russell Thomas Managing Editor editor@enterprisesecuritymag.comJoshua Parker
< Page 5 | Page 7 >