Security equipment manufacturing industry growing on fear

NEW DELHI: Fear might give sleepless nights to some but it also provides great business opportunity for some as rising security concerns come as boon for the makers of security equipments, such as CCTV, Acces Control Devices , Scanner, movement sensors and intruder alarm.
  
"Mere deployment of security guard is not enough as anti burglars are adopting newer techniques, it led to rethinking of the security requirement of the customers," says, D E Byramjee, Vice President, Security Equipment Division, Godrej.
   
With globalisation, India is fast becoming a big market of security equipment as according to the experts, the total spending on security equipment in India is around Rs 2000 crore per annum and is growing at the rate of 30 per cent per annum.
  
Experts divide industry into three broad segments namely traditional equipment such as locks,steel fabricated doors, then premise security equipment such as CCTV, numerically locked doors fitted with cameras and other movement sensor equipments and lastly the hi-end electronic equipments such sensor of every kind, restricted access control and scanners of different kinds.
 
"Now instead of only equipment customers are demanding the complete security solutions and this means a complete network of equipment connected to each other," he says.

However, the boom in the market is driven by the demands from the commercial establishments, as now vital installations in the country are rethinking on their needs and moreover there is also a big diversification in the requirements.