Market Trends of India Data Center Physical Security Industry
The Video Surveillance Segment Holds a Significant Share
- Sensitive and important data is stored in data centers, so security is a top priority. Data center operators use video surveillance systems to ensure security standards and regulations are met. This allows you to monitor access, detect unauthorized access, and maintain compliance.
- Video surveillance is a cost-effective solution for preventing physical attacks and unauthorized access to critical data, reducing the risk of data breaches and leaks. Cameras are installed at entrances and exits, allowing security personnel to easily identify and track the source of unauthorized access or damage to servers.
- The Indian banking sector is on an upward trajectory supported by strong economic growth, rising disposable income, rising consumption, and easy access to credit. Digital payment methods have been rapidly increasing in recent years. Banks have a high need for data centers to perform activities such as banking, trading, and financial compliance. It is important to follow regulations to ensure data protection and safety. Such instances in the market lead to increasing demand for physical data center security players in the country.
- Additionally, factors such as increased connectivity and online shopping are likely to contribute to increased data generation and processing power. As the country's internet penetration rate increased, the number of smartphone users also increased in 2022. This represents an increase in data centers and the associated demand for video surveillance to prevent malicious or erroneous operations within the data center and provide evidence to identify those responsible in the event of an incident.
- Major players in the market are focusing on improving data center physical security solutions to meet market demands. In March 2023, Honeywell installed 7,000 of its AI video cameras in Bangalore as part of its Safe City project. The "Safe City'' project also includes data centers.
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The IT and Telecommunication Segment Holds a Major Share
- India is among the 'major players in the Asia-Pacific data center sector. Data centers are critical for national security, internet infrastructure, and economic output. In India, data center infrastructure is growing exponentially, with a growing preference for the cloud and increased data consumption and generation by over half a billion digital users.
- Businesses have been migrating to the cloud recently as they shift into more flexible digital workplaces to deal with the increase in online demand and remote working. Although the cloud is the foundation of digital transformation, cloud services are built on data centers. Due to this, the cloud migration of businesses is driving the construction of more data centers in India and increasing the need for data center security in the country.
- The Indian government is dedicated to establishing an enabling political and regulatory environment to facilitate the continued expansion of key technologies such as 5G, the Internet of Things (IoT), artificial intelligence (AI), cloud computing, blockchain, and machine-to-machine (M2M) communications. This commitment is fueled by the remarkable growth of the information and communication technology (ICT) sector in India and its substantial contributions to the country's socio-economic progress.
- The Ministry of MSMEs indicated that as of March 2022, there were over 7.9 million MSMEs in India, while as of January 2021, there were about 650 registered, which shows the number of MSMEs in India has changed. India increased rapidly. This makes it a very potential market for IT implementations.
- The government must formulate and implement the right policies to harness the potential of the ICT sector, making it a prominent driver of India's economic growth. Advancements in these technological domains are poised to propel the research and development market within the region, further bolstering India's position as a hub for innovation and technological progress. The increase in data consumption will thereby constitute an increase in the construction of more data centers in the country, thereby increasing the need for data center security in the country.
