Need for intelligent security systems, increasing terrorist threats, growing public and private infrastructures coupled with rising crime rates have resulted the demand for video surveillance systems in India. Advantages of surveillance systems over physical security such as ability to allow remote and continuous monitoring has resulted for their wide deployment across India. Traditionally controlled by analog based surveillance systems, Indian market is now shifting towards IP based surveillance systems. India is registering positive growth in various vertical markets primarily across the government & transportation, banking & financial and commercial offices.
According to 6Wresearch, India's video surveillance market is projected to grow at a CAGR of over 13% from 2016 to 2022. Although analog based surveillance systems have accounted for majority of the market revenues; however, growing awareness along with declining prices are likely to proliferate IP based surveillance systems market in the coming years.
In 2015, the government & transportation, commercial offices and banking & financial verticals accounted for the highest share in terms of market revenues, however, other verticals such as retail, residential, and industrial are considered as key growth verticals.
The report thoroughly covers video surveillance market types, components, verticals and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Media Source: Open PR