SOURCE: Frost & Sullivan

March 02, 2011 02:30 ET

Frost & Sullivan's GIL 2011: Europe -- Safe Cities Drive High Growth

LONDON--(Marketwire - March 2, 2011) -  In the 21st century, threats to our lives, identities, and freedom come from an increasing number of sources, from terrorists to hackers and from overzealous Governments to organized crime. Emergency services, law enforcers, corporations and individuals alike are required to cooperate to tackle the ever growing need for security, worldwide. The Safe City concept is catching the attention of public and private stakeholders. For the first time ever, all key stakeholders will meet and discuss the importance of integrated systems, intelligent solutions and increased cross-agency collaboration to reduce response time and costs and increase security levels.

Safer Cities will be one of the key industry perspectives explored during this year's Frost & Sullivan flagship client event, GIL 2011: Europe -- The Global Community of Growth, Innovation and Leadership, which will be held at the Emirates Stadium on 17-18 May 2011. Thought leaders across all sectors (including information and building technologies, defence and security), city planners and key decision makers from law enforcement agencies will be engaged in sharing and inspiring one another with new ideas and visionary perspectives.

Frost & Sullivan's Aerospace, Defence & Securities Industry track will enable organizations to gain greater insights into Safe Cities benchmarking expertise from those on the forefront of this trend. Experts including end-users, solution providers and city planning commissions will identify what the business challenges and opportunities are and what requirements exist today in order to position ourselves even more strategically in this emerging market.

Frost & Sullivan Security expert Matia Grossi explains: "We strongly believe that if we want to create safer cities we need to focus on integration. Safe City is an initiative to integrate security solutions across stakeholder groups to enhance response to security and safety incidents." Frost & Sullivan forecasts growth opportunities across all the different segments. Grossi continues by saying "To give you an idea of the potential of integration in Safe Cities, if we look at PSIM (physical security information management), which is a fundamental element of the integration process, we expect the worldwide market to grow from $80 million in 2009 to $544 million in 2015, with a Compound Annual Growth Rate (CAGR) of 37.6%."

Bruno Mucciolo, Safe City expert at Frost & Sullivan adds: "If you consider existing Safe City initiatives, for example in India and Mexico, the average spend is already around EUR 95 million. This includes a whole range of security solutions -- from C2, cameras, sensors all the way to system integration. There is no doubt this will grow exponentially in the next 10-20 years."

As mentioned, Safe City is part of GIL, the growth partnership company's exclusive global community which provides senior executives access to tools, strategies and best practices to assist them in driving three essential elements of success -- Growth, Innovation and Leadership.

For more information on Safe City and on joining this unique global community, or to enquire about speaker, sponsorship and media partnership opportunities for GIL 2011: Europe, send an e-mail to Chiara Carella, Corporate Communications, at chiara.carella@frost.com.

About Frost & Sullivan
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