The demand for security analytics, such as facial recognition software, in Singapore has been increasing in the past few years. More businesses and institutions are interested in such software and demand is also expected to rise in the next three years.
President of the Security Systems Association of Singapore Nelson Tee said this on Tuesday on the sidelines of a mega security show, which included Safety and Security Asia 2013.
He said that reason for the increase in demand was due to people being more security conscious This was coupled with the falling cost of such gadgets and the increasing accuracy of analytics systems due to the presence of more specialised start-ups in the industry.
At the show, guest-of-honour Senior Minister of State for Home Affairs and Foreign Affairs, Mr Masagos Zulkifli, also presented the Merlion Awards, which honours outstanding new designs and products in the field of security, to seven winners.