6wresearch logo

6Wresearch projects promising India video surveillance market growth 2016-2022

June 24, 2016

India has emerged as one of the most promising markets for electronic security systems in last six years. Amongst all electronic security systems, video surveillance systems have captured key share of the market. Video surveillance market in India has increased tremendously in recent years on account of rising security concerns, primarily related to terrorism threats and increasing crime rates. Additionally, India's video surveillance market is also driven by increasing IT spending coupled with government initiatives.

India video surveillance market to grow 13 percent

According to 6Wresearch, India video surveillance market is projected to grow at a CAGR of over 13% from 2016 to 2022. Until 2015, analogue video surveillance systems captured majority of the market demand owing to low cost and ease of installation. However, analogue video surveillance systems market is gradually becoming matured and is being overtaken by IP surveillance systems.

According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, "IP video surveillance segment is expected to overtake analogue video surveillance segment over the next six years attributed to declining prices, higher flexibility, scalability, remote accessibility and rising IT infrastructure.

"In addition to, the government & transportation and banking verticals are shifting highly towards IP video surveillance systems in order to prevent major security threats," Rajat further added.

Government & transportation vertical accounts for major revenue

According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, "Amongst major verticals, government & transportation vertical accounted for major revenue share on account of deployment of these systems for city surveillance and to secure public transportation network, followed by commercial offices, banking and others.

"Additionally, in terms of value, players such as Hikvision, CP Plus, Dahua, Axis Communications, Honeywell and Panasonic cumulatively accounted for over 78% of the total market in 2015," Samuel concluded.

The major companies in India video surveillance market include- Axis Communications, Bosch Security Systems, CP Plus, FLIR Systems (DVTel), Hikvision, Hanwha Techwin (Samsung), Honeywell, Panasonic, Pelco, Sony, Dahua and Zicom.

Media Source: Source Security

      Browse More Report

Qatar Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast by Types (Fire Suppression Systems & Equipment, Fire Detection System & Equipment & Other Fire Safety Systems & Equipment)...

Read More

Global E-House Market (2017-2023)

Market Forecast by Voltage Type (Low Voltage and Medium Voltage), Applications (Oil & Gas, Industrial, Infrastructure & Transportation, Power Utilities, Mining and Others, Regions (North America (US, Canada and Mexico), Europe ...

Read More

Africa Diesel Genset Market (2017-2023)

Market Forecast by KVA Ratings (5-75 KVA, 75.1-375 KVA, 375.1-750 KVA, 750.1-1000 KVA and Above 1000 KVA), Verticals (Retail and Logistics, Oil & Gas and Power Utility, Commercial Offices (Hospitality, BFSI, IT & ITES), Manufacturing, Rental, Residential and Others

Read More

India Point of Sale (POS) Terminal Market (2017-2023)

Market Forecast by Types (Portable, Countertop, mPOS, PIN Pad and Multimedia), End Users (Healthcare & Hospitality, Retail & e-Commerce, Government & Transportation and Others), Regions (Norther, Southern, Eastern and Western) and Competitive Landscape

Read More

Australia & New Zealand Elevator & Escalator Market (2017-2023)

Market Forecast by Segments (Elevator (Passenger, Home and Cargo Elevator) and Escalator (Moving Stairs and Moving Walkways)), Services (New Installation, Maintenance and Modernization), Verticals (Residential, Commercial and Industrial)

Read More

India LED Lighting Market (2017-2023)

Market Forecast by Types (LED Lamps (Self-Ballasted, Down Lighters and Street Lights) and LED Luminaires (Indoor and Outdoor Luminaires)), By Wattage (Upto 5W, 6W-10W, 11W-15W, 16W-20W and Above 20W), Applications (Outdoor Lighting, Indoor Lighting ...

Read More

Saudi Arabia Diesel Genset Rental Market (2017-2022)

Market Forecast by KVA Rating (Below 100 KVA, 100.1 KVA- 350 KVA, 350.1 KVA-750 KVA, 750.1 KVA-1000 KVA and Above 1000 KVA), Applications (Power Utilities, Oil & Gas, Construction, Manufacturing, Quarrying and Mining and Others)

Read More

Latin America Asphalt Paver Market (2017-2022)

Market Forecast by Types (Wheeled and Tracked Asphalt Pavers), Technologies (Hydrostatic and Mechanical), Paving Width (<2.5m, 2.5-5m and >5m) and Countries (Mexico, Brazil, Argentina, Colombia, Chile and Others)

Read More


Our Key Clients
6wreserach client list