Cambodia CCTV Market (2023-2029) | Companies, COVID-19 IMPACT, Size, Outlook, Share, Growth, Industry, Forecast, Value, Analysis, Revenue & Trends

Cambodia CCTV Market | Country-Wise Share and Competition Analysis

In the year 2021, China  was the largest exporter in terms of value, followed by Israel. It has registered a decline of -14.16% over the previous year. While Israel registered a growth of 199.55% as compare to the previous year. In the year 2017 China was the largest exporter followed by China, Hong Kong SAR. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Cambodia has the Herfindahl index of 5381 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  2348 which signifies moderately concentrated in the market.

Cambodia CCTV Market - Export Market Opportunities

Topics Covered in the Cambodia CCTV Market

Cambodia CCTV Market report thoroughly covers the market by product types, by technology, by application and by surveillance components. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Cambodia CCTV Market Synopsis

Cambodia CCTV Market is expected to grow in the forecast period on account of its surveillance and security solutions that utilize closed-circuit television systems. These systems include cameras, recording devices, and monitoring software designed to capture, record, and analyse video footage. The primary purpose of CCTV systems is to enhance security, monitor activities, and deter potential threats or criminal activities. In Cambodia, as in many countries, CCTV systems are used in various applications, including public areas, transportation hubs, commercial establishments, government buildings, and residential properties. These systems are vital for safeguarding property, ensuring public safety, and aiding law enforcement in investigations. The Cambodia CCTV Market may be influenced by factors such as urbanization, increasing security concerns, and technological advancements. As the demand for surveillance and security solutions continues to rise, the market is expected to witness growth and innovation.

According to 6Wresearch, the Cambodia CCTV Market size is projected to grow during the forecast period of 2023-2029. One of the drivers for the growth of the Cambodia CCTV market is the rapid advancement of technology. CCTV systems have gone from the traditional analogue systems to more advanced digital systems, which offer better image quality, remote access, and integration with other systems such as alarms. This has made CCTV systems more efficient, reliable, and cost-effective. Another factor driving the growth of the Cambodia CCTV market is the increasing crime rate. This has led to an increase in the demand for CCTV systems as people seek to secure their businesses and homes. The use of CCTV cameras has been proven to deter criminal activities, and in case of a crime, video footage can be used as evidence in court. The Cambodian government has also played a significant role in driving the CCTV market. It has implemented regulations that require businesses to install CCTV systems to improve security and deter criminal activities. The government has also invested in the installation of CCTV systems in public places such as parks and hospitals to enhance safety and security. There are certain challenges present in the Cambodia CCTV Industry. One of the challenges that the Cambodia CCTV market faces is the lack of skilled professionals to install and maintain CCTV systems. Although there are many companies that offer CCTV installations, there is a shortage of skilled technicians who can handle advanced systems and troubleshoot issues that may arise. This has led to increased competition and high labour costs for companies looking to recruit skilled technicians. Lastly, budget constraints are also a challenge for the Cambodia CCTV market. Many individuals and businesses have limited budgets, making it difficult to purchase advanced CCTV systems. This has led to a high demand for affordable CCTV systems, which has resulted in a proliferation of low-cost, low-quality systems flooding the market. This has led to a decrease in the overall quality and reliability of CCTV systems, which can impact the effectiveness of security measures taken.

Government policies and schemes introduced in the Cambodia CCTV Market

The recent increase in the number of burglaries and other crimes in Cambodia has led to a government initiative to install more CCTV systems to help deter crime. In 2019, the government launched a new project, "Safe Cities," aimed at installing CCTV cameras in public places and on streets to improve public safety and reduce crime rates. The project targets specific areas, including tourist attractions, public parks, and streets where most crimes occur. Another government initiative aimed at security reforms is the National Crime Prevention Strategy of Cambodia. The strategy aims to promote the use of modern technology to improve public safety, strengthen police capacity, and reduce crime. The strategy recommends the use of CCTV cameras at strategic locations to increase surveillance in the country.

The impact of COVID-19 on the Cambodia CCTV Market

The sudden outbreak of COVID-19 has led to a surge in demand for CCTV surveillance systems in CCTV Market in Cambodia. With most businesses, organizations, and institutions forced to work remotely, there has been an increase in the number of surveillance cameras needed to monitor and secure the premises. Even homeowners have been installing security cameras to monitor their properties while they are away. The adoption of advanced surveillance technologies has significantly increased in Cambodia. Remote monitoring systems, artificial intelligence technologies, facial recognition, and mobile surveillance cameras are among the topmost utilized security solutions. These technologies have proved useful in enforcing social distancing measures in public spaces and workplaces. The COVID-19 has significantly impacted the supply chain of surveillance systems in Cambodia. Since most surveillance system components are made in China, where the virus originated, it has caused a shortage of parts and hindered the progress of ongoing projects. Many clients who had ordered surveillance equipment before the pandemic are still waiting for their supplies, which has led to delays in installation.

Key players of the Market

 The Leading players in the Cambodia are catering to the demands for CCTV systems which is driven by the need for tight security in commercial buildings, residential areas, and public spaces. Advances in technology have led to the production of high-quality cameras that offer clear and real-time footage and it has led to Cambodia CCTV Market Growth. Key players in Cambodia's CCTV systems include Hikvision, Dahua, Bosch, Honeywell, and Axis Communications. These companies offer a wide range of high-quality surveillance cameras, including both analog and IP cameras that provide excellent coverage in any environment.

Market analysis by product

 On the basis of products, IP-based CCTV systems are expected to experience significant growth. These systems offer advantages such as higher resolution, remote access, and integration with other security and IT systems. As businesses and institutions in Cambodia seek advanced surveillance solutions, IP-based systems are likely to be favoured for their adaptability and greater features and will lead to remarkable rise in Cambodia CCTV Market Share.

Market by Technology

Wireless CCTV systems may also see growth due to their flexibility and ease of installation. Wireless technology eliminates the need for extensive cabling, making it suitable for various applications, including remote or temporary surveillance. As the need for adaptable and quickly deployable systems increases, wireless technology is likely to be in demand.

Market by Application

According to Shivankar, Research Manager 6Wresearch, the retail segment is expected to experience growth as businesses prioritize security measures. Retailers in Cambodia, like in many other countries, use CCTV systems to prevent theft, monitor customer behaviour, and enhance store security. With the growth of the retail sector in Cambodia, the demand for surveillance solutions is likely to increase.

Market by Surveillance Components

Video surveillance software is expected to grow in the forecast period due to its role in enhancing the functionality of CCTV systems. Software solutions provide features like video analytics, facial recognition, and remote monitoring. As businesses and institutions in Cambodia seek to harness the full potential of their surveillance systems, video surveillance software becomes integral.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Cambodia CCTV Market Outlook
• Market Size of Cambodia CCTV Market, 2022
• Forecast of Cambodia CCTV Market, 2029
• Historical Data and Forecast of Cambodia CCTV Revenues & Volume for the Period 2019 - 2029
• Cambodia CCTV Market Trend Evolution
• Cambodia CCTV Market Drivers and Challenges
• Cambodia CCTV Price Trends
• Cambodia CCTV Porter's Five Forces
• Cambodia CCTV Industry Life Cycle
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Product Types for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Conventional for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Discreet for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Dome for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Bullet CCTV Cameras for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Technology for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Analog CCTV Systems for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Wireless CCTV Systems for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By IP-based CCTV Systems for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Hybrid CCTV Systems for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Applications for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By BFSI? for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Healthcare for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Transportation for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Education for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Business for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Retail for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Surveillance Components for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By CCTV Camera for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Video Surveillance Storage Mechanisms for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Video Surveillance Software for the Period 2019 - 2029
• Historical Data and Forecast of Cambodia CCTV Market Revenues & Volume By Analytics for the Period 2019 - 2029
• Cambodia CCTV Import Export Trade Statistics
• Market Opportunity Assessment By Product Types
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By Applications
• Market Opportunity Assessment By Surveillance Components
• Cambodia CCTV Top Companies Market Share
• Cambodia CCTV Competitive Benchmarking By Technical and Operational Parameters
• Cambodia CCTV Company Profiles
• Cambodia CCTV Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By product

• Conventional
• Discreet
• Dome
• Bullet CCTV Cameras

 By Technology

• Analog CCTV Systems
• Wireless CCTV Systems
•  IP-Based CCTV Systems
• Hybrid CCTV Systems

By Application

• BFSI
• Healthcare
• Transportation
• Education
• Business
• Retail

 By Surveillance Components

• CCTV Camera
• Video Surveillance Storage Mechanisms
• Video Surveillance Software
• Analytics