NewswireToday - /newswire/ -
Mumbai, India, 2011/03/02 - eSSL was recently conferred the Frost & Sullivan Market Share Leadership Award in the Indian Biometric Market, at the 1st Annual Electronics Industry Excellence Awards Banquet held at Taj Ambassador, New Delhi.
The increasing importance of the Electronics sector in the overall GDP and the potential it holds for an emerging economy like India is well known. The growing emphasis on technology, features, innovation, productivity and sustainability have encouraged organizations to continuously improve their offerings. The Indian Electronics Industry was estimated to be worth $47 billion in 2010 growing consistently and is expected to reach $350 billion by 2020
On receiving the award, Mr. Anand Jain, Partner, enterprise Software Solutions lab (eSSL) said, "It's a wonderful moment for all of us at eSSL. We are delighted to receive the Frost & Sullivan Market Leadership Award in the Indian Biometric Market for the second time in a row*. We take this opportunity to thank all our customers for their continued support and for entrusting eSSL with opportunities to provide them with the worlds best Biometric and RFID-based solutions, which cater to HR attendance and access control needs. eSSL is committed to increasing customers' performance by enhancing our portfolio to provide integrated and robust solutions. We also thank Frost & Sullivan for felicitating us with this award, which is an inspiration to companies to perfom better.
The performance of different market participants in the Biometrics market were evaluated through primary research. The key officials within each company were interviewed to assess their relative position within the given market. The data thus obtained was subjected to intense analysis to narrow down on the award recipient.
Niju V, Deputy Director, Automation & Electronics Practice, Frost & Sullivan, South Asia and Middle East, said, "The biometrics market is dominated by large players and despite this concentration, eSSL has been able to carve out a niche for itself. The company has captured a significant share of the market by offering customized solutions. eSSL's offering of value based pricing has been well appreciated by the customers and has become the cornerstone of its success in the biometrics market. The exciting part of eSSL's focus on this market is its continuing investment in R&D activities, ensuring that this leadership position is sustainable in over the long-term".
Frost & Sullivan is in the forefront of conducting research in the electronics markets to track the developments and competitive positioning of different organizations in an emerging and ever-evolving market.This assessment of organizations researched the best practices adopted by them and how they differentiate themselves within the ever-growing community of vendors, vying for user attention. Frost & Sullivan Best Practices Awards for the Indian Market are based on extensive research, analysis of the market and assessment of participants competing / operating in this market. The Award for Market Share Leadership is presented to a company that has demonstrated excellence in capturing the highest market share within its industry in a specific year
* Market Strategy Leadership award for Electronic Access Control Systems (India) in 2007
About Frost and Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 40 offices across six continents.
enterprise Software Solutions Lab (esslindia.com) is headquartered in India's leading software center, Bangalore - the location chosen by several leading multinational firms. Today, eSSL is a well-reputed software development company with excellent track record and several years of industry experience.We are recognized IT experts in the selected application domains and make every effort to advance our skills. As an industrial software laboratory, our key focus is to work closely with every business from large to small corporations and govt. based cooperatives worldwide in our efforts to bring responsibly produced products and services to a global marketplace.