Growing security threat perception is one of the key drivers of the Indian security industry, said Ranjt Nambiar, Director – sales, South Asia, HID Global at a media briefing in Bangalore on Thursday. The others being increasing affordability, huge investments in public infrastructure, integration of IT and physical security, modernisation of police forces and implementation of city surveillance projects.
Besides, the real estate sector’s increasing use of biometrics in most of the upcoming projects and adoption of smart cards by the banks and BFSI sectors are part of the drivers of the security industry. In addition, others sectors such as – IT/ITeS, telecom, gaming and casinos, government spend, healthcare, transport, retail are also contributing their mite to the growth of India’s security market.
Nambiar feels that while the Indian security industry is evolving, there’s an emerging trend that with the convergence of physical and IT security verticals with the result that the industry is moving towards IP-based systems. The convergence of physical security with building management and control solutions is a clear trend in the market.
