you're reading...
SMART IP VIDEO, video analytics, Video Surveillance

Terror attacks to boost security gadget sales

Sophisticated security-related electronics are expected to flood the domestic market after the Mumbai terror attacks.

Detection and surveillance solutions — from biometrics to video surveillance to explosive or hazard sensors — continue to gain momentum, while background screening, data analytics, biometrics, digital video, and sensor-based detection will continue to be major security investments over the next three to five years. The market is currently growing at 30 per cent annually.

This could well be a Rs 1,800-crore window for the players to cash on. Deepak Thakur, Honeywell director (security-south Asia) says, “The security market will grow with commercial establishments, companies and government agencies looking to beef up their deployments. People will now think of security as a comprehensive solution and not just a standalone closed circuit television (CCTV) deployment.”

He is betting on next-generation solutions such as video analytics, which detects, analyses, tracks and classifies the behaviours of people and vehicles as they move through a scene setting off an alarm in case of a deviation. In fact, a report by IMS Research forecasts that the video analytics market will explode over the next five years, growing from $67.7 million in 2004 to $839.2 million in 2009, at a CAGR of 65.5 percent.

Thanks: Business Standard/SMART IP VIDEO BLOG & NEWS



No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: