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As a fast growing economy, Bangladesh is gradually flourishing in its commerce and industry. This has ensured the size and number of civil assets and employees is also increasing in industries. This leads to an increased demand for industrial security and fire protection. The Security industry in Bangladesh is at a nascent stage and is poised for a strong growth in the years ahead.
Bangladeshi security equipment and services market is primarily driven by the rapid urbanization and the ongoing globalization wherein, the need for robust and updated security technologies is increasing significantly. The Government of Bangladesh has declared 'Vision 2021' with a target to make Bangladesh as a middle income country. The flourishing economy and rapid growth of other sectors such as pharmaceuticals, hotels, hospitals, power, agriculture, leather, large infrastructure, ICT & telecom, ship breaking etc is also contributing to a gradual development of the market.
Having said that, security is a big challenge for any organisation – big or small. By adopting technologies that ensure security of assets and people helps organisations maintain a reasonable level of deterrence against thefts. It also ensures economic progress and prosperity. This is an evolving area and more and more tech solutions are released each day. However, choosing the right security solution is based on the geographical location of a town, potential sources of security threats, the ease and accessibility of security solutions, and the skill level of security forces.
For instance, apart from their use in surveillance, smart cameras monitor traffic and can automatically divert traffic in case of congestion. We can look at many such examples where technology can help improve security and ease day-to-day challenges faced by residents. Another key area of interest is Artificial Intelligence, which is expected to grow 18% over the next few years to enable this market reach $10.3 billion by 2030. The emergence of new technologies such as autonomous trucks and industry-wide standards such as adaptive cruise control, blind spot alert, and advanced driver assistance systems have the potential to disrupt the way transportation of goods has been handled in our services. Also, with connected devices all around us and with the need to make security systems more intelligent to ease challenges in managing them, IoT has been in greater focus than ever before.
To dwell upon such security challenges and enlighten key stakeholders on the modern-day threats to security, IFSEC Bangladesh shall conduct a one-day conference on 12th April at ICCB, Dhaka with the theme Gearing Up for New-Age Security Threats. Topics to be discussed include:
- The Changing Role of Security Leaders in Crisis Management and ensuring Business Continuity
- The Enemy Within - Detecting and Mitigating Insider Threats
- The Integration of Cyber Security With Physical Security
- Understanding the Full Spectrum of Cyber Security Risks to an Organisation
- The Role of Data Analytics in Ensuring Safe Cities
- How Banks and Financial Institutions Address Challenges in Information Security
- Using Artificial Intelligence (AI) to make Security Systems Smarter, Intelligent, Efficient & self-learning
By 2050, the world will have more than six billion people living in urban cities. Therefore, a lot of efforts needs to go into making these cities safe, convenient and energy-efficient for the people to lead meaningful lives. Choosing the right security solution is based on the geographical location of a town, potential sources of security threats, the ease and accessibility of security solutions, and the skill level of security forces. Similarly, smart cameras monitor traffic and can automatically divert traffic in case of congestion. We can look at many such examples where technology can help improve security and ease day-to-day challenges faced by residents.