Technology Trends and Market Growth Predictions for 2017

Surveillance (3)

Surveillance Industry, in the recent times, has matured with improving technology from Analog to IP, better compression techniques, higher resolution cameras, etc. As enterprises look to scale their communications infrastructure, Networking & IP Surveillance industry is poised for strong growth.

The surveillance industry in India is expected to grow at the rate of 20 – 30 % in government and private sectors in the year 2017. Video surveillance is expected to gain momentum in retail to study the buying patterns of people, in manufacturing to automate process with timely notifications for machine breakdowns and faults. With the government’s safe city concept; 100 smart city projects are expected to be covered with surveillance to crop the menace of global terrorism. Police and investigating agencies are to greatly benefit from surveillance technologies that can detect crime in real time with the latest video analytics technology having face and bomb recognition capabilities to report suspicious movements and prevent accidents.

Organizations, private and public, are expected to adopt enterprise solution vendors to ensure capabilities that include intelligent support for network infrastructure and voice, video & surveillance capabilities across the enterprise network. Increased connectivity and intelligent communications systems will redefine the way enterprises function. Overall, the biggest opportunity for video surveillance lies in automating processes at organizations.

“Organizations will consider enterprise solution vendors to ensure capabilities including intelligent support for network infrastructure, and voice, video & surveillance capabilities across network.”

Anuj Jain
Managing Director
Eurotech Technologies


“CCTV surveillance installations will increase in manufacturing units to ensure reasonable employee monitoring to create safer workplaces and protect sensitive corporate information & assets.”

Pulkit Punj
AnG India


“There would be a shift in purpose for installing video surveillance with use in automating processes for improving productivity, safety and efficiency with more control and visibility for organizations.”

Kaushal Kadakia
Marketing Manager, IPVS
Matrix Comsec, Vadodara, India


Cybersecurity (10)

Cybersecurity is expected to remain as significant as ever on the agenda for IT departments and C suites. Cyberattacks will continue to be a top technology risk through 2017 with cybercriminals attempting to hack security measures intended to protect organizations. India’s rapid digitization and a wave of revelations about cyberattacks have dramatically increased awareness about the risks posed by these attacks. The security industry is expected to encounter new types of threats as cybercriminals evolve their approach toward accessing organizational data. Ransomware attacks most likely will continue to remain a big threat to enterprises. Cybercriminals will continue to use ever more sophisticated and convincing targeted attacks to trick users into compromising company data. Not just the large multinationals, enterprises of all sizes will continue to be at risk from cybercriminals. The Sophos Labs’ geo-malware report reveals India as one of the most vulnerable countries to malware attacks with a threat exposure rate of 16.9%.

The $1.2bn IT security market is expected to grow by 10.6% and we continue to grow faster than the rest of the market as per a Gartner report. The government’s recent push towards a cashless economy and rising usage of digital platforms and electronic transactions will further amplify the need for a robust security management policy for organizations. As 2017, is the last year before EU GDPR is implemented, and it is expected that enterprises will be using this time to shore up their security policies. Organizations will implement synchronized security solutions to prevent, detect and remediate threats.

A recent Symantec’s Internet Security Threat Report (ISTR) revealed cybercriminals are establishing professional businesses in order to increase the efficiency of their attacks. Enterprises of all sizes and consumers are expected to be at equal risks from advanced criminal attack groups. As businesses embrace the digital transformation, fileless malware, drone-jacking, increased DDoS attacks, and hacking of connected cars will be some of the prevalent trends and threats in the upcoming year. Moreover, with the proliferation of the cloud generation, the enterprise network will expand and become increasingly undefined and diffused, with an increased risk of ransomware attacking the cloud.

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