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Market Research Report

India Video Surveillance Market Outlook 2024: Opportunity Assessment and Demand Analysis, Market Forecast, 2016-2024

Published On : 2017-09-23 Report Page : 155 Category: Hardware and ICT

India Video Surveillance Market

Market overview

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.

Market segmentation                              

By Types

  • Analog surveillance
    • Analog camera
    •  
    • DVR
  • IP/ Network surveillance
    •    ​​​​IP Camera
    •    NVR
    •  Encoder/ Decoder
  • Video surveillance software
    • ​​​​​​​VMS
    • Video Analytics
    • Others​​​​​​​​​​​​​​

By Specification

  • ​​​​​​​​​​​​​​ Outdoor/ Indoor
  • PTZ
  • Form Factor
  • Megapixel
  • ONVIF Complaint

By End User

  • ​​​​​​​Banking & Financial
  • Government & Transportation
  • Retail and Logistics
  • Commercial Offices
  • Industrial and Manufacturing
  • Residential
  • Hospitality and Healthcare
  • Educational Institutions​​​​​​​

By Regions

  • Northern India (Delhi NCR, Haryana, Punjab, Uttaranchal, Uttar Pradesh) {Market Share (%), Market Size (USD Billion), Product Sales (Units)}
  • South India (Chennai, Kerala, etc) {Market Share (%), Market Size (USD Billion), Product Sales (Units)}
  • East India (Bihar:Patna, Gaya, Bhagalpur, Muzaffarpur, Purnia, West Bengal: Kolkata, Siliguri, Asansol, Durgapur etc) {Market Share (%), Market Size (USD Billion), Product Sales (Units)}
  • West India (Maharastra, Gujrat, Daman&Diu, Goa and rest of western India) {Market Share (%), Market Size (USD Billion), Product Sales (Units)}

Market size and forecast (2016-2022)

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.

Key growth drivers:

  • Increasing demand for public safety due to increasing crime rate and terrorism
  • Demand for surveillance in organized retail has also lead to increased demand for video surveillance in retail stores
  • Corporate Demand fuelled by rapid economic growth and rising industrial activities fuelled by surveillance requirements of corporate environments

Restraints

  • Inadequate consumer awareness
  • Absence of regulatory framework
  • There are also more than 50% duplicate and cheap products which works as the alternative for such market

Key players

  • Axis Communications AB

o Synopsis

o Business strategy

o Product portfolio

o SWOT analysis

  •  Bosch Security Systems, Inc.
  •  CP Plus India Pvt. Ltd.
  • FLIR Systems, Inc. (DVTel)
  •  Hangzhou Hikvision Digital Technology Co. Ltd.
  •  Hanwha Techwin Co., Ltd.
  •  Honeywell Automation India Limited
  • Panasonic India Pvt. Ltd.
  •  Pelco by Schneider Electric
  •  Sony Corporation
  •  Zhejiang Dahua Technology Co., Ltd.
  •  Zicom Electronic Security Systems Ltd.

Key findings

  • India is emerging as one of the most promising markets for electronic security systems in last few years. Amongst all electronic security systems, video surveillance systems have highest key share of the market.
  • Elevating  use of video analytics such as facial recognition, behavior analysis, and event prediction, among others
  • Rising interest in crowd sourcing video surveillance solutions

Scope Background

Market Synopsis

Market Segmentation

India video surveillance market is segmented as follows:

  • By type basis (Market Size, Demand Analysis and Growth Analysis)
  • By specification (Market Size, Demand Analysis and Growth Analysis)
  • By end user (Market Size, Demand Analysis and Growth Analysis)

India video surveillance Market Report covered insights of below mentioned regions:

  • Northern India (Delhi NCR, haryana, Punjab, Uttaranchal, Uttar Pradesh) {Market Size, Growth Analysis and Opportunity Analysis}
  • Eastern India (Bihar:Patna, Gaya, Bhagalpur, Muzaffarpur, Purnia, West Bengal: Kolkata, Siliguri, Asansol, Durgapur etc) {Market Size, Growth Analysis and Opportunity Analysis}
  • Central India (Bhiwadi, Bhopal, Bhubaneshwar and rest of central India) {Market Size, Growth Analysis and Opportunity Analysis}
  • Western India(Maharastra, Gujurat, Daman&Diu, Goa and rest of western India) {Market Size, Growth Analysis and Opportunity Analysis}
  • Southern India{Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

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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India Video Surveillance Market Outlook 2024: Opportunity Assessment and Demand Analysis, Market Forecast, 2016-2024

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