India Video Surveillance Market (2023-2029) | Size, industry, Share, Trends, Revenue, Analysis, Forecast, Growth, Value, Outlook & COVID-19 IMPACT

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.

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