MUMBAI, India , Dec. 9 /PRNewswire/ -- Frost & Sullivan research indicates that the total homeland security spending in the Indian market under all the eight major threat domains will amount to an estimated total of
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New analysis from Frost & Sullivan (http://www.aerospace.frost.com), Indian Homeland Security Market, finds that the market earned revenues of
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Indian homeland security market, then send an e-mail to Ravinder Kaur / Nimisha Iyer , Corporate Communications, at [email protected]/ [email protected] with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.
"The continuous threat of terrorism, the development of India's infrastructure and the eventual development of the nation's civil aviation capacity promise to expand overall security spending in India to over
Mass transport systems are increasingly being seen as 'soft' targets for both criminal and terrorist activities. Intelligent and durable surveillance systems within 'rolling stock' are key revenue generators. Emphasis on low TCO, self-diagnosing CCTV systems, automatic wireless image downloads and innovative passenger screening technologies will boost investment within this threat domain.
The recent attacks in Mumbai highlights one of the key issues when formulating security measures to protect 'soft' targets with high levels of civilian activity: how to provide adequate protection for high numbers of people without turning relevant threat domains into areas resembling airport terminals. "In light of the horrendous death toll of innocent civilians, the relevant security stakeholders (both in the public and private sector) are going to have become a deal less squeamish and more pragmatic when it comes to developing a 'last line of defence' within sites such as hotels, religious buildings and various tourist destinations," says Buker.
He further adds, "Hotels (and many other threat domains besides) will have to undertake the type of security measures previously avoided (i.e. substantially increased security manpower levels, the increasing involvement of sophisticated technological security enablers, etc). Not only is this expected trend likely to result in an uptick in security procurement over the next few years, but private sector security companies with a track record of training non-military security forces."
The massive development of small- to medium-size airports around the world, coupled with potential increases in baseline international airport security standards, will significantly enhance the demand for airport security measures. Key technologies include biometric electronic access control, passenger screening portals and explosive detection systems for baggage, as well as cutting-edge passenger processing systems.
However, slow procurement trends, an emphasis on developing the indigenous security industry and the prevalent dependence on manpower-intensive security measures will hamper security investment to a large degree, especially for foreign security firms that lack an effective local partner.
"Notwithstanding such challenges, any technology type that is cost effective, can be incorporated within the high levels of manpower and has a partnership with a 'connected' partner can overcome most (if not all) of the high barriers to effective entry and profitability in this highly lucrative market. In any case, measures to proactively counter future threats / attacks from terrorist organisations and Naxalite groups is expected to continue the expansion of the Indian Homeland Security market for the foreseeable future and beyond," concludes Buker.
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Indian Homeland Security Market
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Contact: Ravinder Kaur Corporate Communications - South Asia P: +91 44 42044760 F: +91 44 24314264 E: [email protected] Tanu Chopra Corporate Communications - Middle East P: +91 22 4001 3437 F: +91 22 2832 4713 E: [email protected] Nimisha Iyer Corporate Communications - South Asia & Middle East P: +91 22 4001 3404 F: +91 22 2832 4713 E: [email protected]SOURCE Frost & Sullivan
