The IP video and video surveillance as a service (VSaaS) market will reach $57.3billion in 2020 as more organizations switch from analog systems to IP-basedsolutions, according to Allied Market Research (AMR).

The report titled “IP Video Surveillance and VSaaS Market (Technologies,Applications, Services, Geography) – Industry Analysis, Trends, Share, Opportunities and Forecast, 2012- 2020,” notes that increasing awareness regarding the benefits of IP-based surveillance systems, favorable regulatory impositions and rising security concerns are the key factors expected to catalyze the growth of IP surveillance market.

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As Rhode Island approached the 10-year anniversary of the tragic Station nightclub fire on June 20, 2012 Governor Lincoln Chafee signed into law 2012 – H 7959 Substitute A2 and 2012– S 2564 Substitute B, putting in motion the first significant changes to the state’s fire safety codes since the Comprehensive Fire Safety Act of 2003.4 These two bills mandated the State Fire Safety Code Board of Appeal & Review (Board) review, revise and update the current code to include the following National Fire Protection Association5 (NFPA) codes: NFPA 1, Fire Code, 2012 edition. NFPA 72, National Fire Alarm and Signaling Code, 2010 edition. NFPA 101, Life Safety Code, 2012 edition.

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2013 Electrical Construction Forecast Looks Good

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According to a recent report in EC&M magazine, overall the forecasts for 2013 are optimistic. Reed Construction Data forecast predicts total construction spending to increase 8.3% in 2012, 7.7% in 2013, and 9.2% in 2014 While McGraw-Hill Construction expects an increase of 6% in 2013 FMI Corp., Inc. is predicting a 7% hike for 2013. However, remaining cautious, the Portland Cement Association (PCA)

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