Pvt secrity firms gear up to tap security market
Demand for more advanced technology solutions to counter threats triggered by the recent terror attacks has led to private security firms gearing up to tap this fast growing market.delhi Updated: Jan 19, 2009 14:29 IST
Demand for more advanced technology solutions to counter threats triggered by the recent terror attacks has led to private security firms gearing up to tap this fast growing market.
"We have conceptualised and successfully implemented security solutions like video analytics. An add-on to the basic CCTV system, these intelligent software can identify any unwanted activity and alarm the control room. X-ray baggage scanners and portable explosive detectors like Sniffex have also been put in action at various places," says Sunil Nihal Duggal, CMD, Vision Group, a security solutions provider.
"Private security is currently valued between USD 2 billion - USD 3 billion and employing 5.5 million personnel. This year alone saw almost 200 new security companies coming up, and the sector expects to add approx 1 million new employees in 2009. Even before the Mumbai attacks, the Indian industry was growing at an astounding rate of 35 per cent," Duggal adds.
According to private security firms, 24 hours wireless communication, a quick reaction team, disaster management plans and deployment of more security guards and sniffer dogs were done at various hotels and malls in the capital post November 26 terror attacks in Mumbai.
"Hotels are soft targets for terrorists with lots of different entrances and exits. Access control at the entry and exit is the first line of defense. Installation of bio matrix solutions and adequate identification mechanism at non-guest entries would minimize the risk. Even at the reception and lobbies equipments like scanners and explosive detectors may be used," says Duggal.