Market size of e-Security expected to reach $1.5-2 billion by 2022: Pramoud Rao, MD, Zicom Electronic Security Systems Ltd

In the last five years, the electronic security industry witnessed a growth of 30 to 35 percent. Serving the BFSI sector in this domain, Zicom has secured ATMs and branches of leading Public Sector Banks & Private sector banks like PNB, SBI, Bank of Baroda, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Federal Bank, India Infoline & Manappuram Finance Ltd and many more, said Pramoud Rao, Managing Director, Zicom Electronic Security Systems Ltd, in an interview with Elets News Network (ENN).

 

  1. How significant is electronic security in the Indian context?

In the last five years, the electronic security industry witnessed a growth of 30 to 35 percent. Today e-security needs no introduction. Secured home, community and environment is no more a fiction due to technological innovations in the electronics security domain.

With rising urbanisation and crime rate, there is an increasing demand for e-security and therefore the market size has now grown to almost a billion-dollar and we expect by 2022 the market size would be at least 1.5-2 billion dollar.

Smart cities and large infrastructure projects are now adopting electronics security and these drivers would continue to propel the industry.

2. You claimed to be synonymous to electronic security.Why so?

It’s a Fact, not Claim.

Zicom completed 25 years in 2019 and has attained various milestones.

1994 – Zicom Pioneered the category of Electronic Security in India and became the largest project company executed huge projects like Supreme Court, Western Railway, Kolkata Metro Rail, Commonwealth Games, City Surveillance projects for Mumbai, Bangalore, Chandigarh etc. and many

2007 – Acquisition of UNISAFE Fire ProtectionSpecialists LLC, Dubai

2010 – Sold the Project Business to Schneider Electric

2012 – Acquisition of Phoenix International WLL, Qatar

2013 – Pioneered concept of SaaS – Security as a Services, IoT enabled Security Services which is not only the most profitable business for Zicom till date but also the flagship business. Now after 6 years most of the other players in security business are adopting it proving that our leadership stand in this business was the right decision.

And now on 2019 – Pioneering Platform-based AI and IoT Services

Experience, Excellence and thought- leadership has helped us to pioneer the innovations in the Security domain and so ‘Zicom stands as a Synonym for Security’.

3. In 2019, Zicom Pioneered ‘PaaS’ Platform as a Service– Powered by AI & IoT. Tell us about this development.

As we plan to launch Zicom PaaS – Platform based AI and IoT Services on 26th January 2020 we would prefer sharing our thoughts on this post the launch of PaaS.

4. Would you like to tell us about your products and services in the BFSI sector? Any major accomplishments lately!

The BFSI and other Enterprise customers are scouting for AI & IoT enabled Smart, Intelligent and Integrated e-security services for whom we have below listed SaaS Services:

e-Surveillance – 24*7 remotely monitored Integrated IP CCTV, Intrusion & Fire alarm services for securing ATMs, branches and offices

e-Watch CCTV Monitoring Services – 24*7 remote CCTV monitoring& Health Diagnostics to prevent pilferage and theft

e-Alert Intruder Alarm Monitoring Services – Timely emergency response to avert break-ins, vandalism & burglary

e-Sense Fire Alarm Monitoring Services – Comprehensive 24*7 monitoring to prevent fire disasters

e-Attend Time & Attendance Monitoring Services – Biometric Time and Attendance monitoring to increase productivity

e-Track Vehicle Monitoring Services – Real-time vehicle monitoring from anywhere

In BFSI sector, Zicom has taken up the leadership position in the space of e-surveillance to secure ATMs and branches of leading PSU & Private sector banks like PNB, SBI, Bank of Baroda, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Federal Bank, India Infoline & Manappuram Finance Ltd and many more. With the implementation of e-surveillance, Zicom has successfully helped these entities to reduce their costs of guarding premises and has made a significant contribution to strengthening their overall security at a much lower cost. Today, Zicom offers AI& IoT powered solutions that can detect & deter crime on a real-time basis.

5. How have you planned for 2020?

 Zicom thought- leadership in the security domain has been a trailblazer, which offers you many exciting services powered by AI & IoT. As always being optimistic about our business model, we will re- Invent, re – Strategize, re – Energize & re – Calibrate the way security business is done in the country in 2020.

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