The video surveillance market in India has increased tremendously in the recent years due to rising concern for security and safety. Growing usage of video surveillance systems in various sectors such as hospitality, banking & financial, government & transportation, education, and retail has created huge growth opportunities for the manufacturers, distributors and system integrators in this industry. Over the past few years, Government of India has been heavily investing to secure the cities and monitor public movements.
Rising infrastructure, government initiatives & funding, rules & regulations, increasing terrorist & criminal activities are the few factors that have spurred the market for video surveillance in India.
According to 6Wresearch, the market for video surveillance in India is projected to reach $2.4 billion by 2020. In India’s video surveillance market, analog video surveillance market has captured major share of pie due to low cost and ease of installation. Over the next six years, the market for IP surveillance is expected to increase due to increasing IP infrastructure and demand for remote access.
Video surveillance software market is also another growing segment, where video management software leads the market share; although, higher growth of video analytics software is anticipated in the forecast period.
Amongst all verticals, government & transportation vertical has generated majority of the market revenues owing to increasing government spending and rising public infrastructure. On the other hand, commercial vertical is emerging as key growing vertical due to increasing penetration of video surveillance systems in hospitality, education, SME and large enterprises.
The key players in the market include CP-Plus, Hikvision, Dahua, Bosch, Honeywell, Pelco, Axis Communication, Genetec, and Milestone.
“India Video Surveillance Market (2014–2020)” provides in-depth analysis with 62 figures and 26 tables. The report estimates and forecast overall India Video Surveillance market by analog surveillance, IP surveillance and software (video management software, video analytical software and others). Market by verticals such as Government & Transportation, Banking and Financial, retail, industrial, commercial and residential and regions such as North India, South India, East India, West India and Central India. The report also gives the insights on competitive landscape, market share by companies, company profiles, market trends, market drivers and restraints.
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Video Surveillance Market in India Poised to Reach $2.4 Billion By 2020 - 6Wresearch