India Video Surveillance Market (2024-2030) | Size, industry, Share, Trends, Revenue, Analysis, Forecast, Growth, Value, Outlook

Market Forecast By Offering (Hardware, Software, Service),  By System (Analog Video Surveillance Systems, IP Video Surveillance Systems, Hybrid Video Surveillance Systems), By Vertical (Commercial, Infrastructure, Military & Defense, Residential, Public Facility, Industrial)

Product Code: ETC081272 Publication Date: Oct 2024 Updated Date: Oct 2024 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 106 No. of Figures: 37 No. of Tables: 18

India Video Surveillance Market Highlights

Report Name India Video Surveillance Market
Forecast Period 2024-2030
CAGR 12.5%
Growing Sector Commercial

Topics Covered in the India Video Surveillance Market Report

India Video Surveillance Market report thoroughly covers the by offering, by system, and by vertical. The market 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. 

India Video Surveillance Market Synopsis

The video surveillance market in India has witnessed significant growth over recent years. This growth is majorly influenced by various drivers such as increasing security concerns across various sectors, including residential, commercial, and governmental institutions. With advancements in technology, the market has not only expanded in terms of reach but also in the sophistication of the solutions being offered.

According to 6Wresearch, the India Video Surveillance Market revenue is expected to reach a significant CAGR of 12.5% during the forecast period 2024-2030. Several drivers are leaving a positive impact on the expansion of the video surveillance market in India. A rise in urbanization and infrastructural development has boosted the requirement for enhanced security solutions. The demand for comprehensive surveillance systems has been increasing with the continuous introduction of government initiatives, such as smart city projects. Furthermore, technological advancements in AI and machine learning have paved the way for intelligent video analytics, making video surveillance more effective and efficient, bolstering the India Video Surveillance Market growth. 

Despite its growth outlook, the India video surveillance market comprises several significant challenges that need to be addressed. One of the primary concerns is the high cost associated with advanced surveillance systems, which can be prohibitive for smaller institutions or residential buyers. There are also issues related to privacy regulations and the ethical use of surveillance data that need to be addressed. Infrastructure limitations in certain regions, such as a lack of broadband connectivity, can also hinder the deployment of advanced video surveillance solutions.

India Video Surveillance Market Trends 

The India video surveillance market has several ongoing trends that are proliferating and supporting its future landscape. One notable trend is the shift towards IP-based surveillance systems, which offer superior image quality and remote accessibility compared to traditional analogue systems. The application of facial recognition and biometric technologies has been becoming increasingly prevalent, encouraging more precise monitoring capabilities. Moreover, cloud-based storage solutions have been gaining traction owing to their scalability and cost-effectiveness, enabling businesses to store vast amounts of video data without the need for substantial on-site infrastructure. 

Investment Opportunities in the India Video Surveillance Market

There are numerous investment opportunities available in the market, is estimated to proliferate its growth. Investors can look into developing and manufacturing affordable surveillance equipment tailored for small and medium enterprises, which are currently underserved due to cost barriers. The demand for software solutions incorporating AI and machine learning for advanced video analytics presents another lucrative avenue. Additionally, investment in cloud-based platforms that provide secure and reliable video data management will likely yield high returns as businesses and governments increasingly transition to these systems. 

Leading Players of the India Video Surveillance Market 

Companies like Hikvision, Dahua Technology, and Bosch Security Systems are notable for their extensive range of surveillance technologies, from high-definition cameras to comprehensive video management software. Indian companies such as Videonetics and Godrej Security Solutions are also making significant strides by developing intelligent surveillance systems tailored to the unique needs of the Indian context. 

Government Regulations Introduced in the India Video Surveillance Market

The Indian government has been implementing various regulations aimed at enhancing the security and privacy standards of the video surveillance market. Regulations mandate strict compliance with data protection laws to safeguard personal information captured by surveillance systems. Additionally, a major emphasis on that all surveillance equipment aligns with Indian Standards (IS) to achieve quality and reliability. Specific sectors, such as public infrastructure and sensitive government areas, have stringent guidelines that mandate the installation of surveillance systems to ensure public safety. These regulations reflect the government's commitment to fostering a secure and privacy-conscious environment.

Future Insights of the India Video Surveillance Market

The India Video Surveillance industry has a bright future, influenced by technological advancements and increasing demand for security solutions. With the rising incorporation of artificial intelligence and machine learning, future surveillance systems are estimated to offer more sophisticated analytics, enabling real-time threat detection and preventive measures. The proliferation of smart cities and infrastructure development will likely further boost demand. Moreover, as more businesses and public sectors adopt cloud-based surveillance solutions, there will be a shift towards more flexible and accessible security options. 

Market Segmentation Analysis

The report offers a comprehensive study of the subsequent market segments and their leading categories. 

Hardware to Dominate the Market - By Offering

According to Ravi Bhandari, Research Head, 6wresearch, the hardware segment leads the market size and share. This segment comprises cameras, monitors, storage devices, and accessories, collectively accounting for the largest portion of the market, driven by the increased adoption of advanced surveillance systems. As of the latest reports, the hardware segment commands nearly 60% of the market due to the heightened demand for sophisticated cameras and recording equipment.

Commercial to dominate the market - By Vertical

In the Market, the commercial vertical is leading. This segment primarily includes retail spaces, corporate offices, and hospitality sectors, driving substantial demand for video surveillance solutions. The commercial vertical holds approximately 25% of the market. The need for enhanced security measures, coupled with advancements in smart building technologies, continues to propel this segment forward. 

Key Highlights of the Report:

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

India Video Surveillance Market (2024-2030): FAQs
The government investments in public safety and smart city initiatives and the increasing need for security in industrial, manufacturing, and BFSI sectors.
The Government sector is expected to continue leading in terms of growth due to ongoing investments in public infrastructure and safety.
The high cost associated with advanced surveillance systems and the issues related to privacy regulations and the ethical use of surveillance data that need to be addressed.
Companies like Hikvision, Dahua Technology, and Bosch Security Systems are notable for their extensive range of surveillance technologies.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Research Methodology 
2.5. Assumptions
3. India Video Surveillance Market Overview
3.1. India Video Surveillance Market Revenues and Volume, 2020 & 2030F 
3.2. India Video Surveillance Market Industry Life Cycle
3.3. India Video Surveillance Market - Porter’s Five Forces
4. India Video Surveillance Market COVID-19 Impact Analysis
5. India Video Surveillance Market Dynamics
5.1. Impact Analysis
5.2. Market Drivers
5.3. Market Restraints
6. India Video Surveillance Market Trends and Evolution
7. India Video Surveillance Market Overview
7.1 India Video Surveillance Market Revenue and Volume Share, By Component, 2020 & 2030F 
7.1.1 India Video Surveillance Market Revenue and Volume Share, By Camera, 2020 & 2030F 
7.1.2 India Video Surveillance Market Revenue and Volume Share, By Recoder, 2020 & 2030F 
7.1.3 India Video Surveillance Market Revenue and Volume Share, By Encoder, 2020 & 2030F 
7.1.4 India Video Surveillance Market Revenue Share, By Software, 2020 & 2030F 
7.2 India Video Surveillance Market Revenues and Volume, By Component, 2020 & 2030F 
7.2.1 India Video Surveillance Market Revenues and Volume, By Camera, 2020 & 2030F 
7.2.2 India Video Surveillance Market Revenues and Volume, By Recoder, 2020 & 2030F 
7.2.3 India Video Surveillance Market Revenues and Volume, By Encoder, 2020 & 2030F 
7.2.4 India Video Surveillance Market Revenues, By Software, 2020 & 2030F 
8. India Video Surveillance Market Overview, By Camera
8.1.1 India Video Surveillance Camera Market Revenue and Volume Share, By Camera Type, By IP Camera, 2020 & 2030F 
8.1.1 India Video Surveillance Camera Market Revenue and Volume Share, By Camera Type, By Analog Camera, 2020 & 2030F 
8.1.2 India Video Surveillance Camera Market Revenues and Volume, By Camera Type, By IP Camera, 2020 & 2030F 
8.1.2 India Video Surveillance Camera Market Revenues and Volume, By Camera Type, By Analog Camera, 2020 & 2030F 
8.2.1 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Dome, 2020 & 2030F 
8.2.1 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Bullet, 2020 & 2030F 
8.2.1 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Others, 2020 & 2030F 
8.2.2 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Dome, 2020 & 2030F 
8.2.2 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Bullet, 2020 & 2030F 
8.2.2 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Others, 2020 & 2030F 
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By Below 1 MP, 2020 & 2030F 
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By 1.1-2 MP, 2020 & 2030F 
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By 2.1-3 MP, 2020 & 2030F 
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By 3.1-5 MP, 2020 & 2030F 
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By Above 5 MP, 2020 & 2030F 
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By Below 1 MP, 2020 & 2030F 
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By 1.1-2 MP, 2020 & 2030F 
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By 2.1-3 MP, 2020 & 2030F 
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By 3.1-5 MP, 2020 & 2030F 
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By Above 5 MP, 2020 & 2030F 
8.4.1 India Video Surveillance Camera Market Revenue and Volume Share, By camera Slot, By With Slot, 2020 & 2030F 
8.4.1 India Video Surveillance Camera Market Revenue and Volume Share, By camera Slot, By Without Slot, 2020 & 2030F 
8.4.2 India Video Surveillance Camera Market Revenues and Volume, By camera Slot, By With Slot, 2020 & 2030F -2029F
8.4.2 India Video Surveillance Camera Market Revenues and Volume, By camera Slot, By Without Slot, 2020 & 2030F -2029F
9. India Video Surveillance Market Overview, By Recoder
9.1 India Video Surveillance Market Revenue and Volume Share, By Recoder Types, 2020 & 2030F 
9.1.1 India Video Surveillance Recoder Market Revenue and Volume Share, By Network Video Recoder, 2020 & 2030F 
9.1.2 India Video Surveillance Recoder Market Revenue and Volume Share, By Digital Video Recoder, 2020 & 2030F 
9.2 India Video Surveillance Market Revenues and Volume, By Recoder Type, 2020 & 2030F -2029F
9.2.1 India Video Surveillance Recoder Market Revenues and Volume, By Network video Recoder, 2020 & 2030F -2029F
9.2.2 India Video Surveillance Recoder Market Revenues and Volume, By Digital Video Recoder, 2020 & 2030F -2029F
10. India Video Surveillance Market Overview, By Verticals
10.1 India Video Surveillance Market Revenue and Volume Share, By Verticals, 2020 & 2030F 
10.1.1 India Video Surveillance Market Revenue and Volume Share, By Government & Transportation, 2020 & 2030F 
10.1.2 India Video Surveillance Market Revenue and Volume Share, By Retail & logistics, 2020 & 2030F 
10.1.3 India Video Surveillance Market Revenue and Volume Share, By Commercial Buildings, 2020 & 2030F 
10.1.4 India Video Surveillance Market Revenue and Volume Share, By BFSI, 2020 & 2030F 
10.1.5 India Video Surveillance Market Revenue and Volume Share, By Hospitality & Healthcare, 2020 & 2030F 
10.1.6 India Video Surveillance Market Revenue and Volume Share, By Residential, 2020 & 2030F 
10.1.7 India Video Surveillance Market Revenue and Volume Share, By Educational Institutions, 2020 & 2030F 
10.1.8 India Video Surveillance Market Revenue and Volume Share, By Industry, 2020 & 2030F 
10.2 India Video Surveillance Market Revenues and Volume, By Verticals, 2020 & 2030F 
10.2.1 India Video Surveillance Market Revenues and Volume, By Government & Transportation, 2020 & 2030F 
10.2.2 India Video Surveillance Market Revenues and Volume, By Retail & logistics, 2020 & 2030F 
10.2.3 India Video Surveillance Market Revenues and Volume, By Commercial Buildings, 2020 & 2030F 
10.2.4 India Video Surveillance Market Revenues and Volume, By BFSI, 2020 & 2030F 
10.2.5 India Video Surveillance Market Revenues and Volume, By Hospitality & Healthcare, 2020 & 2030F 
10.2.6 India Video Surveillance Market Revenues and Volume, By Residential, 2020 & 2030F 
10.2.7 India Video Surveillance Market Revenues and Volume, By Educational Institutions, 2020 & 2030F 
10.2.8 India Video Surveillance Market Revenues and Volume, By Industry, 2020 & 2030F 
11. India Video Surveillance Market Overview, By Regions
11.1.1 India Video Surveillance Market Revenue Share, By Region, By North, 2020 & 2030F 
11.1.1 India Video Surveillance Market Revenue Share, By Region, By South, 2020 & 2030F 
11.1.1 India Video Surveillance Market Revenue Share, By Region, By East, 2020 & 2030F 
11.1.1 India Video Surveillance Market Revenue Share, By Region, By West, 2020 & 2030F 
11.1.2 India Video Surveillance Market Revenues, By Region, By North, 2020 & 2030F 
11.1.2 India Video Surveillance Market Revenues, By Region, By South, 2020 & 2030F 
11.1.2 India Video Surveillance Market Revenues, By Region, By East, 2020 & 2030F 
11.1.2 India Video Surveillance Market Revenues, By Region, By West, 2020 & 2030F 
12. India Video Surveillance Market Price Trend Analysis
12.1 India Video Surveillance Market Price Trend Analysis, By Analog Camera, 2020 & 2030F 
12.1 India Video Surveillance Market Price Trend Analysis, By IP camera, 2020 & 2030F 
12.1 India Video Surveillance Market Price Trend Analysis, By NVR, 2020 & 2030F 
12.1 India Video Surveillance Market Price Trend Analysis, By DVR, 2020 & 2030F 
12.1 India Video Surveillance Market Price Trend Analysis, By Encoder, 2020 & 2030F 
13. India Video Surveillance Market - Key Performance Indicators
14. India Video Surveillance Market opportunity Assessment
14.1. India Video Surveillance Market Opportunity Assessment, By Components,2020 & 2030F
14.2. India Video Surveillance Market Opportunity Assessment, By Verticals,2020 & 2030F
15. India Video Surveillance Market Competitive Landscape
15.1. India Video Surveillance Camera Market Revenue Share, By Companies, 2020 & 2030F 
15.2. India Video Surveillance Market Company Revenue Share, By Verticals, 2020 & 2030F 
15.3. India Video Surveillance Market Competitive Benchmarking, By Technical Parameters
15.4. India Video Surveillance Market Competitive Benchmarking, By Operating Parameters
15.5. India Video Surveillance Market Manufacturing Capability
16. Company Profiles
16.1. Axis Communication Pvt. Ltd.
16.2. Bosch Limited 
16.3. CP Plus India Pvt. Ltd.
16.4. Teledyne FLIR LLC
16.5. Prama Hikvision India Pvt. Ltd.
16.6. Hanwha International India Pvt. Ltd.
16.7. Honeywell International (India) Pvt. Ltd.
16.8. Panasonic India Pvt. Ltd.
16.9. Pelco Inc.
16.10. Dahua Technology India Pvt. Ltd.
17. India Video Surveillance Market Key Strategic Recommendation
18. India Dash Cam Camera Market Overview
19. Disclaimer
List of Figures
1. India Video Surveillance Market Revenues and Volume, 2020 & 2030F  ($ Million, Thousand Units)
2. Market Size of Real Estate in India (US$ bn)
3. No. of Reported Crime Cases per 100,000 people, 2021
4. Indian Websites Hacked Across the Years, 2018- 2020)
5. India Video Surveillance Market Revenue Share, By Components, 2020 & 2030F
6. India Video Surveillance Market Volume Share, By Components, 2020 & 2030F
7. India Video Surveillance Camera Market Revenue Share, By Types, 2020 & 2030F
8. India Video Surveillance Camera Market Volume Share, By Types, 2020 & 2030F
9. India Video Surveillance Camera Market Revenue share, By Form Factor, 2020 & 2030F
10. India Video Surveillance Camera Market Volume Share, By Form Factor, 2020 & 2027F
11. India Video Surveillance Camera Market Revenue Share, By Megapixels, 2020 & 2030F
12. India Video Surveillance Camera Market Volume Share, By Megapixels, 2020 & 2030F
13. India Video Surveillance Camera Market Revenue share, By Slot Type, 2020 & 2030F
14. India Video Surveillance Camera Market Volume Share, By Slot Type, 2020 & 2030F
15. India Video Surveillance Recorder Market Revenue Share, By Types, 2020 & 2030F
16. India Video Surveillance Recorder Market Volume Share, By Types, 2020 & 2030F
17. India Video Surveillance Market Revenue Share, By Verticals, 2020 & 2030F
18. India Video Surveillance Market Revenue Share, By Region, 2020 & 2030F
19. India Video Surveillance Market Price Trend, By Components, 2020 & 2030F  ($ per unit)
20. Upcoming Projects in Hospitality Sector, 2020 & 2030F -2025
21. India Top States Branded Hotel Opening Keys, 2020 & 2030F , (Units)
22. India Real Estate Market Size 2019 vs 2040F ($ Million) 
23. Market Size of the Retail Industry, 2019- 2025F ($ Billion)
24. Market Share of the Retail Industry, 2012 & 2025F
25. India Video Surveillance Market Opportunity Assessment, By Components,2020 & 2030F
26. India Video Surveillance Market Opportunity Assessment, By Verticals,2020 & 2030F
27. India Video Surveillance Analog Camera Market Revenue Share, By Companies, 2020 & 2030F 
28. India Video Surveillance IP Camera Market Revenue Share, By Companies, 2020 & 2030F 
29. India Video Surveillance Market Company Revenue Share, By Residential Vertical, 2020 & 2030F 
30. India Video Surveillance Market Company Revenue Share, By Government Vertical, 2020 & 2030F 
31. India Video Surveillance Market Company Revenue Share, By Hospitality & Healthcare Vertical, 2020 & 2030F 
32. India Video Surveillance Market Company Revenue Share, By BFSI Vertical, 2020 & 2030F 
33. India Video Surveillance Market Company Revenue Share, By Retail & Logistics Vertical, 2020 & 2030F 
34. India Video Surveillance Market Company Revenue Share, By Commercial Buildings Vertical, 2020 & 2030F 
35. India Video Surveillance Market Company Revenue Share, By Industry Vertical, 2020 & 2030F 
36. India Video Surveillance Market Company Revenue Share, By Educational Institutions Vertical, 2020 & 2030F 
37. India Dash Cam Camera Market Revenues and Volume, 2020 & 2030F  ($ Million, Thousand Units)
List of Tables
1. Major Upcoming Infrastructure Projects in India (Education and Healthcare)
2. Major Upcoming Infrastructure Projects in India (Metro Projects)
3. Major Upcoming Infrastructure Projects in India (Infrastructural & Residential)
4. India Video Surveillance Market Revenues, By Components, 2020 & 2030F  ($ Million)
5. India Video Surveillance Market Volume, By Components, 2020 & 2030F  (Thousand Units)
6. India Video Surveillance Camera Market Revenues, By Types, 2020 & 2030F  ($ Million)
7. India Video Surveillance Camera Market Volume, By Types, 2020 & 2030F  (Thousand Units)
8. India Video Surveillance Camera Market Revenues, By Form Factor, 2020 & 2030F  ($ Million)
9. India Video Surveillance Camera Market Volume, By Form Factor, 2020 & 2030F  (Thousand Units)
10. India Video Surveillance Camera Market Revenues, By Megapixels, 2020 & 2030F  ($ Million)
11. India Video Surveillance Camera Market Volume, By Megapixels, 2020 & 2030F  (Thousand Units)
12. India Video Surveillance Camera Market Revenues, By Slot Types, 2020 & 2030F  ($ Million)
13. India Video Surveillance Camera Market Volume, By Slot Types, 2020 & 2030F  (Thousand Units)
14. India Video Surveillance Recorder Market Revenues, By Types, 2020 & 2030F  ($ Million)
15. India Video Surveillance Recorder Market Volume, By Types, 2020 & 2030F  (Thousand Units)
16. India Video Surveillance Market Revenues, By Verticals, 2020 & 2030F  ($ Million)
17. India Video Surveillance Market Revenues, By Regions, 2020 & 2030F  ($ Million)
18. Number of Upcoming Malls in Major Cities of India by 2020 & 2030F 
19. India State-Wise Housing Requirement, 2020 & 2030F  (Thousand Units)
 

Market Forecast By Components (Camera, Recorder, Software and Encoder), By Verticals (Commercial Offices, Residential, Industrial and Manufacturing, Transportation, Government, Retail and Logistics, BFSI, Hospitality and Healthcare and Education), By Camera Types (Analog and IP), By Megapixels (Up to 1 MP, 1.1-2 MP, 2.1-3 MP, 3.1-5 MP and Above 5 MP), By Form Factor (Dome, Bullet and Others), By Recorder Types (Network Video Recorder and Digital Video Recorder), By Slot Types (With Slot and Without Slot), By Regions (Northern, Western, Eastern and Southern) and Competitive Landscape

Product Code: ETC081272 Publication Date: Feb 2023 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 443 No. of Figures: 333 No. of Tables: 22

India Video Surveillance Market report comprehensively covers the market by components, verticals, and regions. The market 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.

Latest 2023 Development of India Video Surveillance Market

India Video Surveillance Market has seen a significant increase in demand in recent years. The growth is primarily attributed to several key developments. For instance, growing awareness about security has led to an increase in the demand for video surveillance systems, as they provide a secure way to monitor properties and people. The government's Smart Cities mission has increased the demand for video surveillance systems, as they are considered essential components of smart cities. Advancements in technology have made video surveillance systems more advanced and affordable which has increased their popularity among consumers in India.

The government has increased its expenditure on security and surveillance systems, which led to an increase in demand for the video surveillance market in India. The growth of the e-commerce and retail industry in India has increased the demand for video surveillance due to its essential features for ensuring the security of properties and people. Furthermore, the expansion of infrastructure in India has created new opportunities for the video surveillance industry for security purposes.

The adoption of advanced technologies such as AI and facial recognition has increased in the industry and many companies have launched cost-effective video surveillance solutions to cater to the growing demand in the market. The video surveillance market size in India is expected to grow significantly in the coming years due to the surging need for security in public places, buildings, and residential complexes. Several leading players in the video surveillance market have expanded their operations in India by setting up manufacturing facilities and sales offices.

India Video Surveillance Market Synopsis

India Video Surveillance Market has been growing at a significant rate over the past few years owing to the rising security concerns, primarily arising from growing incidents of theft, domestic crime and acts of terrorism.  However, uncertainties raised due to COVID-19 resulted in an economic slowdown by creating an obstruction in the construction projects along with the contraction in the fund allocated for infrastructural projects which brought a negative impact on the demand for surveillance cameras in 2020. Besides, with the gradual lifting of lockdown restrictions post-2020 and increasing government initiatives, such as the smart city mission, installation of video surveillance systems for traffic management, rapid infrastructural growth and growing deployment of video surveillance systems in schools, banks, coupled with rising awareness among the end users and businesses in the country about the advantages of video surveillance systems would act as a key driving force behind the growth of the market during the forecast period.

According to 6Wresearch, India Video Surveillance Market size is projected to grow at a CAGR of 17.8% during 2021-2027. India video surveillance market is predicted to witness significant growth during the forecast period due to rising crime, terrorism, communal violence and growing government, commercial and IT infrastructure in the country. Further, increased competencies and low penetration of CCTVs would also play a significant role in raising the demand for surveillance systems in India.

India Video Surveillance Market Overview

Leaders in the India Video Surveillance Market

  • There are a number of players in the India Video Surveillance Market and each player in the sector has an essential role to play in the success of the market. The key players in the sector are CP Plus India, Prama Hikvision, Dahua, Bosch, and others. 
  • Hikvision as well as CP Plus dominated the market on account of adequate brand awareness amongst the consumers as well as the signature product offerings available for many verticals.
  • Bosch is also dominating the sector and emerging as an essential player in the market owing to the quality of products it has been offering to consumers. Bosch offers analogue, IP & hybrid-based video surveillance systems, alarm systems as well as access control systems.

India Video Surveillance Market Trends

There is a rising trend of deep learning in video surveillance software. In the Video Surveillance Market in India, there is a substantial availability of deep learning algorithms. There is also the availability of deep learning infrastructure for the pattern analysis of the surveillance market. The new models of graphic processing units provide deep-learning algorithms for recorders and cameras.

There is also a rising trend in video analytics integration. There is a huge increase in the integration of analytics capabilities with cameras owing to the fact that advanced microprocessors are becoming increasingly available to the manufacturers of video surveillance systems in the country. 

Top Impacting Factors of the market

The essential factors positively affecting the India Video Surveillance Market evolvement include an increase in the requirement for safety in high-risk areas, growth in the transition from analogue to IP cameras, as well as integration of IoT in the surveillance cameras. The Video Surveillance Sector in India is projected to experience more growth with the government initiatives to install CCTV solutions in public places. 

However, high investments like initial instalment investments as well as large data storage issues, with a lack of professional expertise in managing IP cameras incur extra costs for the systems. This factor is projected to restrain the market growth. Also, growing trends toward the development of smart cities offer significant market opportunities in the years to come.

Market Analysis by Components

By components, cameras accounted for the highest revenue share in the market in 2020 owing to the surging use of cameras by law enforcement agencies and the deployment of CCTV cameras across verticals like transportation with advanced intelligent functionalities like AI and machine learning solutions which enables facial recognition, thermal scanning and monitoring in order to combat COVID- 19 limitations. Further, with the growing development of smart cities and smart home applications in the country along with the strengthening IT infrastructure due to the National Digital Communication Policy-2018, it is expected that IP surveillance cameras would remain the largest revenue shareholder, by type, during the forecast period.

Market Analysis by Verticals

The government and commercial verticals are estimated to experience faster growth in the coming years with the government's initiatives to install CCTV solutions in public places. 

Market Analysis by Regions

The northern region accounted for the majority share in the video surveillance market of India owing to the increasing investment in the construction of accommodation spaces, educational establishments, the hospitality sector as well as HORECA (hotels, restaurants and cafes). The northern region is likely to maintain its dominant share in the future. 

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • India Video Surveillance Market Overview
  • India Video Surveillance Market Outlook
  • India Video Surveillance Market Forecast
  • Historical Data and Forecast of India Video Surveillance Market Revenues for the Period 2017-2027F
  • Historical Data and Forecast of Revenues, By Components for the Period 2017-2027F
  • Historical Data and Forecast of Revenues, By Verticals for the Period 2017-2027F
  • Historical Data and Forecast of Revenues, By Regions for the Period 2017-2027F
  • Market Drivers, Restraints
  • India Video Surveillance Market Trends
  • Industry Life Cycle
  • Porter’s Five Forces Analysis
  • Market Opportunity Assessment
  • India Video Surveillance Market Share/Ranking, By Companies
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Components

  • Camera
    • Analog Video Surveillance Camera
    • IP Video Surveillance Camera
    • Dome
    • Bullet
    • Others (PTZ Cameras, C- Mount Cameras etc.)
    • Up to 1 MP
    • 2 MP
    • 1- 3 MP
    • 3- 5 MP
    • Above 5 MP
    • With Slot
    • Without Slot
    • By Types
      • Network Video Surveillance Recorder
      • Digital Video Surveillance Recorder
    • Encoder
    • Software
    • By Types
    • By Form Factor
    • By Megapixels
    • By Slot Types
    • Recorder

By Verticals

  • Residential
  • Industrial and Manufacturing
  • Government
  • Retail and Logistics
  • BFSI
  • Commercial
  • Education
  • Hospitality & Healthcare Offices
  • Transportation

By Regions

  • Northern
  • Southern
  • Eastern
  • Western

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