Due to rising concerns over security and safety, the security market (including video surveillance and access control) has been experiencing significant growth in South Korea and other countries. The demand for technically advanced surveillance and access systems has increased, thereby, creating enormous opportunities for CCTV and access control manufacturers, operators, and distributors.
The fast-growing security market offers the security industry significant growth potential while also playing an important role as a test-bed for innovative security products. So, security players around the world, as partly proven through recently successfully closed SECON2014, the Korea’s largest and Asia’s leading exhibition and conference for the security industry, are showing keen interest in South Korea to follow the latest trends in security technology and gauge the market sentiment.
As one of the notable recent trends in Korea’s security market, the number of global security players and large South Korean security companies entering the IP camera market in South Korea has rapidly increased. Large local companies such as Dongbu CNI, LG N-SYS, Kolon BENIT and Hyosung Information Systems have launched their business for IP cameras. Also, Chinese companies such as Hikvision and Dahua have already been serving the South Korean market. These all may signal that South Korea is becoming one of the globally hottest venues for security industry and that the growth prospects for the country’s IP camera market are attractive.
As of now, most South Korean IP camera companies do not perceive the competition from abroad as well as domestically as a threat. However, they are concerned about the possibility of a market becoming overwhelmed by a price war where companies try to distinguish their products or services from competing products on the basis of lower prices.
Noticeable things in the first quarter of the Korean security market are that new versions are emerging of highly upgraded security solutions, including intelligent image surveillance systems, integrated entrance management solutions, integrated security systems, advanced detectors, medium- and large-sized building-customized integrate management solutions, real-time monitoring solutions using high-resolution image, network security management solutions, remotecontrol security solutions using smartphones and the Internet, etc. They are capturing keen attention among industrial circles, especially from local exhibition viewers.
Korean security companies are seeking new ways of steadily elevating their European presence including participating in such high-profile specialized events as the forthcoming IFSEC International. The fair will offer them an invaluable opportunity for Korean makers to significantly assess the exact degree of popularity of their various kinds of security solutions armed with advanced designs and technologies in the region for the upcoming year.
Any accumulated insights gained from the event will help Korean companies to create newer versions of upgraded items for the global security industry and customers.
▶IP Video Management Solution (VMS)
▶Dual Codec IP Cameras
▶Video Surveillance Equipment
▶MBro Wireless CCTV System (MBro-WCS)
▶Standalone Access and Attendance Management Terminal
▶Document Protection Solutions
▶IR Illuminator
▶Smart IR HD-SDI Camera
▶All in One NVR
▶IP Cameras and Network Video Servers
▶Access Control and Time Attendance Terminal
▶Security Program
▶HD IR Heavy Outdoor PTZ Camera
▶Standalone DVR
▶Online Web Storage Solutions
▶System Identity Management Solution
▶Foolproof Perimeter Intrusion Detection System
▶Facial Recognition Solutions
▶Speed Gate
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