"There are many solutions and applications for smart city, but CCTV is the most common one, then smart living, health, transportation, etc. Safe city projects are implemented in Phuket, Chiang Mai and Khon Kaen province. The use of CCTV is growing mainly in the transportation vertical and real-time CCTV monitoring for seaports,"said Srangrath Hatthawong, MD of Inspire Communications.
Security and safety is set to grow with the economy, with the commercial segment seeing strong demand from the retail vertical. Local players are also predicting that the household segment will grow the most with video surveillance taking about 80 percent of the market.
"Both the commercial and the household verticals are growing, but due to different catalysts. For example, fire alarms are now mandated by law for buildings above 28 meters. So the increase in building heights drives the demand for fire alarms. In the eastern area of Thailand there is now focus on government investment and building factories. But in general, retail is still the strongest vertical that will grow faster," said Ratch Talabhat, CEO of Maxwell Security System.
If you are interested in learning more about the Asian market and will be attending ISC West, you can reach out to our team to schedule a meeting by emailing us at Israel.gogol@newera.messefrankfurt.com.
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