Since the rise of various major buildings,Southeast Asian security market has become the fastest growing region in the world. Here is the interview of the current status for local market by asmag editorial department:
Without much resource in Singapore, the highly-efficient government strengthened its competitive edge internationally with introduction of technology, developing highly-skilled and fully-experienced local SI, that walks ahead of other ASEAN countries. Yet, marketing campaigns are limited for most local enterprises from Security System Association of Singapore since they focus mainly on local market and people networking only.
Despite the short-term economic impact due to the withdrawal by US in QE3, manufacturers keeps their positivity for SEA next year. With fully growth in SEA, various developments are still ongoing, especially for Malaysia, Indonesia, and Thailand. Axis communication reinforces the importance of Indonesia for its large market: 50% market share for Jakarta. Although you do not see the amount of the security market appetite due to lack of information and transparency, market potential for Sri Lanka and Philippine is still very high.