Market Trends of Asia-Pacific Physical Security Industry
Video Surveillance Systems Are Expected to Hold a Significant Market Share
- Traditional video applications used to rely on AI to reduce the number of false alarms and enable forensic search of video based on object attributes. Currently, AI based on metadata has become the norm. There is a demand for video surveillance systems from airports to improve situational awareness, enhance security, and aid in operations.
- In April 2023, Infinova, a manufacturer of security systems and products, was selected as the Surveillance System OEM for more than 60 airports in India to enhance security measures and combat acts of terrorism. The airport teams chose Infinova to install over 6,000+ video surveillance cameras at major national airports, including PTZ (high-speed) domes, minidomes resistant to vandalism, and fixed day/night cameras. These cameras are installed in critical areas of the airport, including all significant personnel and baggage checkpoints, general locations, and all entry and exit points.
- The emergence of advanced technologies such as ML (machine learning) and AI has caused several companies to adopt AI in video surveillance systems. By incorporating these technologies into their products, companies can provide enhanced security and safety. Furthermore, surveillance systems integrated with technologies such as AI and ML are essential for law enforcement, emergency services, critical infrastructure, and various sectors.
- The prevalence of AI in video surveillance systems is increasing. In July 2023, Japan began the development of Public Security Cameras that use AI to anticipate the behavior of a crowd. The cameras and the AI are intended to detect "unusual" movements within the public and to improve their detection capabilities through algorithmic learning over time. Such detection can include weapons detection, intrusion detection into buildings, and detection of individuals in vulnerable areas.
- Video surveillance systems are crucial components of security solutions. Surveillance cameras provide potential criminals with a disincentive to commit criminal offenses, which is often enough to deter them from doing so. For instance, the police in Japan recognized about 44.23 thousand grand theft offenses in 2023, almost 17.5 thousand of which were burglaries in non-residential properties. The rise in burglary rates also contributed to the expansion of video surveillance systems. The video surveillance systems provide remote monitoring and real-time notifications, allowing quick and effective responses to burglaries, thus deterring criminals and decreasing the overall rate of burglaries.
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India is Expected to Witness a Significant Market Growth
- Smart security is becoming increasingly prevalent in India as smart city infrastructure grows. As smart city infrastructure in India continues to expand rapidly, using innovative security technologies is becoming increasingly important in reducing crime rates.
- Advanced technological advancements that allow cloud-based data storage and real-time analytics drive the growth of physical security systems. The physical security market is driven by various factors, including growing government regulations and mandates related to physical security and a growing preference for cloud-based physical security solutions.
- The Indian Railways is making every effort to ensure its regular passengers' safety and security and prevent criminal activity within its premises. As of August 2023, the Indian government reported that 866 of 7,349 operational railway stations were equipped with CCTV surveillance. Such measures have been instrumental in preventing child trafficking, tracking older adults, and apprehension of criminals. Furthermore, IP-based CCTV systems possess a critical cybersecurity element and are subject to stringent specifications to ensure security.
- As security concerns continue to grow, the demand for advanced video surveillance systems in airports is also anticipated to increase. For instance, in June 2023, Cochin International Airport Ltd (CIAL) planned to install a tall Perimeter Intrusion Detection System (PIDS). This advanced surveillance system would serve as a virtual wall of 13 kilometers around the airport. This system, equipped with thermal, infrared, and power and motion sensors and radars, will detect any breach of the boundary wall or barbed coil fencing and trigger an alarm, providing security that surpasses concrete boundary walls and staffed outposts.
- In India, approximately 1.6 million Aadhaar identification cards were generated in September 2022. Implementing biometrics such as fingerprints and facial recognition contributes to the prevention of identity theft and fraudulent activities by providing an additional level of authentication that is not easily tampered with. For instance, the Government of India, in August 2023, announced the deployment of custom-coded Anti-Spoofing Software, expected to prevent biometrics fraud on the payment system enabled by the Aadhaar.
- The Unique Identity Authority of India (UIDAI) developed the AI code. This code is capable of recording finger-minute and image data and detecting liveness during the UID authentication process. The code was developed in response to the practice of creating silicone fingerprints to withdraw funds from accounts illegally.
- Additionally, in May 2023, the Unique Identity Authority of India (UIDAI) launched a facial recognition authentication application for Aadhaar-based transactions. Paytm, an Indian payments service firm, is developing AI to facilitate payments through facial recognition.
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