Continued Strong Growth Predicted for Russia’s Security & Fire Safety Markets

Russia represents a unique market in the world. A private and open market in some ways and very state dominated in others. The world’s biggest country by land area and one of the least densely populated with just eight people per km². Russia is both an aging superpower and an emerging market. A business landscape full of opportunity and a venture fraught with risk. Russia’s security sector is vast. Market growth is largely driven by state initiatives and was given significant boosts when Russia hosted the 2014 Winter Olympics and then the 2018 World Cup. The international football/soccer tournament attracted more than 5 million tourists, including 2.9 million foreigners. Video surveillance was a primary security feature for these major events. The Luzhniki Stadium, Russia’s national sports ground, alone had 4,000 cameras and more than 900 various scanners, monitors and detectors installed for last year’s event. Facial recognition software was also successfully trialed at the 2018 […]

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