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2019-08-07
155
India
Video surveillance system market in India is at its emerging pace and is increasing day by day. Video surveillance is a system that uses video cameras to monitor a person or place, especially in camera; the recording composed by such surveillance. India has the world’s second largest population, an enlarging middle class and as India is a developing country so for sure it’s a huge market for international investors. Some of the world’s largest corporations have offices in India.
The market of video surveillance in India has emerge continuously in last 20 years and it has seen multiple changes in its market dynamics especially after 2008 Mumbai terrorist attacks, the Government of India has taken several initiatives to install intelligent security systems such as video surveillance systems. The video surveillance system is now used as security weapons across societies, government & transportation, etc.
In India video surveillance camera market had seen the entry of Canon, a major player in the Digital Imaging industry. The company has taken steps into the surveillance domain with the new range of IP cameras featuring intelligent video analytics.
The major factor that propels the growth of India video surveillance market is initiatives taken by government to install video surveillance because of increasing number of crimes in India. The major restraint that can hamper the growth of India video surveillance market is the alternatives for video surveillance rapidly changing technological environment and increase in the flux of private labels tends to impact global vendors of this market.
By Types
By Specification
By End User
By Region
The market of video surveillance in India is anticipated to reach USD 0.85 billion in 2016, with a CAGR of 33% and is expected to reach USD 5 billion by 2024. The Indian CCTV camera market is expected to grow with a CAGR of about 28% in the period from 2016 to 2024.
The highest revenue in 2016 was from Northern region from Delhi NCR, Haryana, and Punjab etc. Hybrid video surveillance solutions are being widely expanded in this along with educational institutes, airports, railway stations and power plants. Though analog based surveillance systems have accounted for majority of the share (around 70%) in the overall market, yet IP based surveillance systems are expected to increase in the next five years due to increasing IP infrastructure, declining prices and demand for remote access.
Market Synopsis
Market Segmentation
India video surveillance market is segmented as follows:
India video surveillance Market Report covered insights of below mentioned regions:
Market Dynamics: Growth Drivers, Restraints and Opportunities
Key Market Players
Porter’s Five Force Model
Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remark
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