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Bindu D. Menon

New Delhi, Sept. 28 With terror threats looming large in every sphere, Government and private agencies are tightening their grip on security measures. The security solutions’ industry is seeing a four-fold growth backed by awareness and demand from various quarters.

“There has been a four-fold demand in security and surveillance systems, especially after the terror attacks. On the one hand, CCTV has gained a market share of more than 55 per cent and on the other , private security agencies are also experiencing good growth,” Mr Pramoud Rao, Managing Director, Zicom System, told Business Line.

He said the changing facets of security threats are also necessitating the need for security solutions that go beyond the conventional metal detection and paving the way for futuristic security solutions.

A Frost and Sullivan study pegs the market for security and surveillance equipment in India at Rs 1,800 crore.

Says Mr Rao, “In our estimation, the industry is growing annually at about 35 per cent. There are also a slew of international players who are zooming into the arena.”

According to Mr Pushkar Gokhale, Vice-President, Security Equipment Division, Godrej and Boyce, “There has been a gradual increase in interest for integrated systems as against just standalone surveillance cameras and metal detectors. The integrated system attempts to provide protection from damage by using physical security systems integrated with surveillance.”

Several temples, like the Siddhivinayak temple in Mumbai, have installed integrated system.

The company said it is looking at marketing its storage security products to developed nations.

“Government establishments all over the country will speed up the process to equip public places with reliable and proven video-surveillance systems. It’s very important for the authorities to be careful in the tendering and selection process and avoid landing up with video-surveillance solutions of (just) any brand,” Mr Dhiraj Wali, Bosch Security Systems’ Vice-President (India), said.

The company has more than 20 per cent share in the CCTV surveillance market and is highly bullish on market growth.

Noting that retail and aviation sectors will be major contributors for the growth of the segment, he said institutional sales will be a pertinent area of focus.

In Asia-Pacific alone, perimeter control equipment market and x-ray and infrared equipment market are projected to reach $11.4 billion by 2010.

Infrastructure projects, like airports and metro railways, as well as industry are spending large amounts on security equipment.

According to Mr M. Gandhi, Managing Director, CMP, and organiser of to-be held security exhibition IFSEC 2008, CCTV equipment and panels accounts for 51 per cent, followed closely by access control with 44 per cent, leaving only 5 per cent for intrusion alarms and passive.

He said among the biggest spenders of installing security devices are IT/ITES companies, which spend as much as 30 per cent on their security budgets, followed by commercial institutions at 20 per cent and hospitality industry earmarking around 15 per cent.

According to the organisers of IFSEC India-2008, the exhibition would provide an ideal platform for companies to showcase their security products.

More Stories on : Outlook | Security | Terrorism

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