Security is among the primary concerns for discussion as global leaders gather in Laos for the ASEAN summit this week. The attendees of the summit will gather for three days to discuss this year’s theme “Turning vision into reality for a dynamic ASEAN community”. According to the Ministry of Foreign Affairs of the
Security is among the primary concerns for discussion as global leaders gather in Laos for the ASEAN summit this week.
The attendees of the summit will gather for three days to discuss this year's theme “Turning vision into reality for a dynamic ASEAN community”. According to the Ministry of Foreign Affairs of the Lao People's Democratic Republic, the leaders had a candid exchange of views on regional and international issues of mutual interest and concerns, including traditional and non-traditional security challenges such as terrorism and extremism, natural disasters, human trafficking, territorial disputes, maritime security and safety, armed conflicts, and transnational crime and developments.
The region is faced with numerous security issues, such as a recent terrorist attack that took place on in Davao, Philippines causing the loss of 13 lives. In a statement, ASEAN said it is committed to working with the international community to combat violent extremism and terrorism in all forms and manifestations, regardless of motivation.
Security concerns, along with the developing market is assisting the growth of security market in the region. According to Transparency Market Research, the Asia Pacific physical security market is projected to see growth at a CAGR of 17 percent from 2013 to 2019. A report from Micro Market Monitor said the region's perimeter security market would expand at a CAGR of 11.3 percent from 2014 to 2019.
Security industry players agree with the statistics, citing increase in population and the rapid development that is boosting the region.
In an earlier interview with a&s, Harish Vellat, GM in Asia Pacific at Honeywell Fire and Security had noted, “Cities are getting larger and more populated. People increasingly desire more connectivity through mobile devices. Industrialization means more factories, and those factories need security and access control, as do critical infrastructure like airports and seaports.”