Electronic security expects boom of 13 per cent

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Srinagar: With investment of 48,000 crores for its Smart City initiative that aims to create at least 100 smart cities in India, the electronic security market in India is expected to witness a tremendous growth with a projected CAGR of nearly 13 per cent over the next decade.
Over 20 countries, 300 domestic players with a clear view point to gain business shall showcase their evolving technologies at the 12th edition of IFSEC India, South Asia’s largest security exhibition on civil protection and fire safety organized by UBM India, will be commence at Pragati Maidan in the capital from December 5th to 7th, 2018 catering to all the concerns regarding cyber security and surveillance. The expo is supported by of Asian Professional Security Association (APSA), American Society for Industrial Security (ASIS), Electronic Security Association of India (ESAI), Overseas Security Advisory Council (OSAC) and the Associated Chambers of Commerce and Industry of India (ASSOCHAM) among others, showcase the variety of equipments to ensure an authorized surveillance The show will see participation from countries such as UK, USA, China, Taiwan, Malaysia, Australia, Canada, Singapore, Korea, Russia and will bring together many domestic and globally renowned brands.
With key government officials, consultants and business experts as visitor of the expo will also include professional CSOs, Admin Heads, CIOs, CTOs, Facility Heads, Purchase Managers, System Integrators and Dealers & Distributors of organizations. Speaking on the announcement of the show, Mr. Yogesh Mudras, Managing Director, UBM India said, “The South Asia region, which the IFSEC India Expo brings within its radar, is a vulnerable as well as a progressive zone with ongoing threats to homeland security, rising urbanization, proliferating crimes, and low people-to-police ratio being some of the most significant factors.
The Government of India recognizes this vulnerability and has introduced strict regulations and guidelines that promote the use of security and surveillance in the country — the security of children within school premises, and the growing need for women’s safety being noteworthy instances. “ “IFSEC India 2018 aims to act as a catalyst for the progress and vision of this proliferating industry, as it provides a platform for industry players to collectively ideate, innovate, spot trends and enable the shift in India’s security paradigm from a defensive approach to a monitoring and responsive one,” he further added.