Security market set for spike
Higher wages mean more technology use
- Published: 23 Nov 2012 at 00.00
- Newspaper section: Business
Thailand's security industry will jump 30% in value to US$100 million next year, with higher wages prompting companies to rely more on technology, says the Thai Security Association.
TSA president Kittichai Samittiwuttikul said the increase in the daily minimum wage to 300 baht nationwide on Jan 1 will include security guards.
This will prompt more companies to purchase digital products instead, especially considering the improved third-generation network and more advanced products available now, said Mr Kittichai, who is also managing director of the security firm SMC Group (Thailand) Co.
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