India becoming high growth market for video surveillance market vendors

Security has remained one of the major issues in the country like India. With the criminal intelligence system getting advanced and increasing dwelling of infrastructures across different cities, the demand for smart & intelligent security systems such as video surveillance systems in India has seen an increasing trend during the last few years specially after 2008 Mumbai terrorist attacks.

The government initiatives & funding to secure all major government institutions and public infrastructure has accelerated the video surveillance market significantly. Traditionally controlled by analog based surveillance systems, the Indian market is now shifting towards digitized i.e. IP based surveillance systems. The ability to allow integration with wireless technologies, remote access, video analytics and others is spurring the growth of IP surveillance in Indian market.

According to 6Wresearch, the India Video Surveillance market generated $233.47 million in 2011 and is expected to reach $952.94 million by 2016, with a CAGR of 32.49% from 2011-2016. IP surveillance systems accounted for 32.3% of the market share in 2011 and are expected to grow with a CAGR of 41.78% from 2011-2016.

Bosch, Honeywell, Samsung Techwin, Pelco, DVTel, EMC, HP, Genetec, Milestone, etc, are some of the major vendors catering to Indian market especially in government and public infrastructure verticals, while on the other hand, there are few other vendors mainly from China, Taiwan and Korea who are majorly focusing on SME’s section of the society. These vendors include HikVision, Avtech, CNB Technology, etc.

At present, Bosch and Honeywell are the leading surveillance camera providers in Indian market, whose cameras are getting deployed at major public infrastructures domains such as airports, metro-rails, etc. For instance, Bosch is the leading the surveillance camera provider for Delhi Metrorail. EMC leads the Indian surveillance storage market and Milestone leads the Indian surveillance software market.