Market ForecastBy 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: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 106 | No. of Figures: 37 | No. of Tables: 18 | |
The India video surveillance market import shipment depicted a significant decline with a CAGR of -59.7% from 2020 to 2024. However, a remarkable surge was observed between 2023 and 2024 with a growth rate of 41201.4%. This indicates a market that experienced a sharp contraction but demonstrated a rapid rebound in recent years, showcasing volatile and dynamic trends in the industry.
According to 6Wresearch internal database and industry insights
Report Name | India Video Surveillance Market |
Forecast Period | 2025-2031 |
CAGR | 12.5% |
Growing Sector | Commercial |
India Video Surveillance Market report thoroughly covers the market by offering, system and 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 has witnessed exponential growth in the last few years. The growth is driven by a mix of drivers like increasing security needs in different industries, including residential, commercial, and government. Due to technological advancements, the market has grown in terms of coverage as well as solution sophistication.
Below mentioned are some prominent drivers and their influence to the market dynamics:
Driver | Primary Segments Affected | Why it matters (evidence) |
Smart City Development | Centralized Surveillance; Transportation & Infrastructure | Government-backed smart city projects demand large-scale video monitoring for traffic control, law enforcement, and city safety. |
Rising Crime Rates & Security Concerns | Ductless & Centralized Surveillance; Residential & Commercial | Increasing incidents of theft, vandalism, and cybercrimes push adoption of surveillance cameras in homes, offices, and retail chains. |
Technological Advancements (AI & IoT) | Room & Ductless Surveillance; Healthcare & Retail | AI-powered analytics and IoT integration enable predictive monitoring, facial recognition, and smart alerts. |
Infrastructure Growth | Centralized & Ducted Surveillance; Transportation, Hospitality | Rapid metro expansions, airports, and hospitality projects require large-scale monitoring systems. |
E-Governance & Digital India | Centralized Surveillance; Public Infrastructure | National programs such as Digital India encourage integration of smart monitoring solutions in government offices and public spaces. |
India Video Surveillance Market is expected to reach a significant CAGR of 12.5% during the forecast period 2025-2031. Various drivers are helping to drive the video surveillance market in India. Urbanization and infrastructure development have raised the demand for security solutions. The rising demand for overall surveillance systems, with the constant introduction of government schemes, such as smart city projects, is boosting the market. Moreover, technological advancements in AI and machine learning have provided opportunities for smart video analytics, improving the effectiveness and efficiency of video surveillance and driving the India Video Surveillance Market growth.
Below mentioned are some major restraints and their influence to the market dynamics:
Restraint | Primary Segments Affected | What this means (evidence) |
High Installation & Maintenance Costs | All Types; Commercial & Healthcare | Advanced surveillance systems with AI and cloud support increase upfront and recurring expenses. |
Data Privacy Concerns | Centralized Surveillance; Residential & Retail | Rising concerns regarding misuse of video footage and lack of strict data protection laws may affect adoption. |
Lack of Skilled Workforce | AI-Integrated Surveillance; Healthcare & Infrastructure | Deployment of advanced surveillance systems requires trained technicians and system integrators. |
Connectivity Issues in Rural Areas | Cloud-Based & Centralized Surveillance; Residential | Limited broadband penetration in remote areas hampers cloud adoption and real-time monitoring. |
Cybersecurity Threats | All Segments | Increasing hacking and data breaches pose risks to surveillance networks. |
As much as it has growth potential, the India video surveillance industry also has several key challenges that need to be addressed. Another key problem is the cost of advanced surveillance systems, which can be unaffordable for small institutions or single consumers. There are also privacy rules and ethical use of surveillance data to address. Infrastructure limitations in certain regions, such as the absence of broadband connections, can also hinder the use of advanced video surveillance applications.
Several prominent trends reshaping the market growth are:
Company Name | Hikvision India Pvt. Ltd. |
Establishment Year | 2001 |
Headquarter | Mumbai, India |
Official Website | Click here |
Hikvision offers advanced video surveillance products, including AI-powered cameras and cloud-based solutions catering to commercial, residential, and government projects.
Company Name | CP PLUS (Aditya Infotech Ltd.) |
Establishment Year | 2007 |
Headquarter | New Delhi, India |
Official Website | Click here |
CP PLUS specializes in IP cameras, recorders, and access control systems with strong distribution across India’s retail and residential sectors.
Company Name | Dahua Technology India |
Establishment Year | 2001 |
Headquarter | Gurgaon, India |
Official Website | Click here |
Dahua provides AI-enabled video surveillance systems with strong adoption in transportation and public infrastructure projects.
Company Name | Godrej Security Solutions |
Establishment Year | 1897 |
Headquarter | Mumbai, India |
Official Website | Click here |
Godrej offers integrated security solutions including video surveillance, access control, and fire detection systems for corporate and public infrastructure.
Company Name | Panasonic India Pvt. Ltd. |
Establishment Year | 1972 |
Headquarter | Gurugram, India |
Official Website | Click here |
Panasonic delivers surveillance solutions with AI-driven analytics, primarily focusing on healthcare, retail, and transportation sectors.
The India video surveillance industry has witnessed significant growth over the past years, owing to increasing security needs in both public and private spaces. There is an enormous need for sophisticated surveillance with the rising demand for urbanization, shifting crime patterns, and safeguarding key infrastructure.
Expenditures in intelligent security equipment such as AI cameras, face recognition, and analysis have been made by private sector and government players to enhance supervision and incident reactions.
The emergence of smart cities is also shaping the sector so that video monitoring is one of the core devices of urban area public security. The transformation reiterates the technological advancements' implication in resolving present security challenges.
With the rapid fusion of technologies in India, including AI and IoT, the surveillance landscape in cities and industrial zones is evolving, bringing a smart surveillance revolution. AI-fuelled surveillance solutions are bolstering real-time monitoring, identifying anomalies, and supporting predictive insights as fears over crime, infrastructure safety, and traffic control are growing. Seamless data sharing through IoT-enabled cameras and sensors enhances situational awareness. Facial recognition and automated threat detection powered by AI are being designed into smart cities for increased public safety.
With the growth and growth of cities, India high-speed urban infrastructure expansion is propelling the demand for CCTV. Robust surveillance systems will be needed for infrastructural developments such as smart cities, metro, and industrial corridors to ensure efficiency as well as security.
As urbanization increases, 24-hour security systems for the surveillance of public areas, transport, and critical infrastructure are in demand. Projects are increasingly using AI- and IoT-powered smart CCTV technology, which provides real-time monitoring, analysis, and prevention solutions. Residential and commercial development drives the demand for security solutions, further evolving CCTV technology. This symbiotic relationship between surveillance and urbanisation marks the central role played by expanding infrastructure in transforming innovation and investment for the India CCTV sector.
Cloud monitoring is becoming a game-changer for the India CCTV industry with scalability, flexibility, and affordability. Enterprises and governments increasingly depend on cloud technology for storage, management, and processing surveillance data, lessening the dependency on conventional on-premise infrastructures. It is propelled by the requirement for centralized management, remote access, and real-time sharing of data from multiple locations.
Further, developments in AI and machine learning interface have pushed the capabilities of cloud surveillance systems for predictive insights and incident identification. With the widespread availability of cheap internet services and advanced data protection mechanisms, cloud-based technology is becoming increasingly mainstream, even among SMEs. Increased adoption signifies the shift towards a more efficient and smarter surveillance infrastructure in India.
According to Indian Government Data, there are several regulations being enforced to boost the security and privacy levels of the video surveillance industry. The regulations require rigorous adherence to data protection legislation to protect personal data collected by surveillance systems.
There is also a strong focus on all surveillance devices conforming to India Standards (IS) to attain quality and reliability. Certain industries, including public facilities and sensitive governmental regions, impose strict regulations calling for the establishment of surveillance systems to promote public safety. These codes demonstrate the government's dedication to promoting a safe and privacy-focused society.
The future of the India Video Surveillance market is bright with technological advancements and increasing demand for security solutions. As artificial intelligence and machine learning become increasingly integrated, future surveillance systems will integrate advanced analytics, enabling real-time detection of threats and prevention responses.
Urban expansion in smart cities and infrastructure development will fuel demand further. Second, with more commercial and government users of cloud computing-based surveillance tools, there will be a call for more pliable and easier-to-access security measures.
Implementation of 5G technology in India is poised to make a revolutionary difference to the video surveillance sector. With greater data rates, lower latency, and higher connectivity, the live streaming of high-definition video will be accompanied by real-time analysis. All these developments will bring intelligent surveillance solutions to the field of traffic management, city surveillance, and area-wide surveillance, thus making the overall functioning of surveillance systems considerably better.
Indian Small and Medium Enterprises (SMEs) are now increasingly opting for low-cost CCTV solutions to enhance security features. The trend is being capitalized upon by manufacturers and service providers by offering cost-effective, simple-to-install systems that are particularly designed to meet the needs of SMEs. Cloud storage and remote monitoring solutions as part of bundled packages are gaining popularity, thus allowing SMEs to experience enhanced security features without facing humongous financial expenses.
AI in the video surveillance market is integrating intelligent systems that can identify abnormalities, perform facial recognition, and conduct behavior analysis. These systems provide real-time alerts, reduce the need for human monitoring, and enhance efficiency in general. AI surveillance is being increasingly embraced in crowded public areas, industrial sites, and business hubs, where quick decision-making is imperative for risk mitigation.
India's transition to smart cities is strongly pushing the demand for sophisticated video surveillance systems. The needs of smart cities call for intelligent surveillance solutions with the capability of efficiently monitoring critical infrastructure, traffic, and city safety.
Intelligent surveillance solutions contain artificial intelligence, the Internet of Things, and intelligent sensors to ensure seamless operation. The urbanization process and the growing need to keep the public safe and to eliminate crimes once again boost the demand nationwide.
The increasing deployment of surveillance technology in India has brought privacy and regulatory concerns to the forefront. A lack of robust data protection regime has raised data abuse and unauthorized access concerns. Policymakers are making efforts to bring into force elaborate regulations that will balance security needs and privacy rights, and ensure ethical and lawful uses of surveillance technology throughout the country.
India's corporate sector is powering the India Video Surveillance Market Growth due to rising investments in corporate, banking, and retail environments. The sector is investing heavily in sophisticated security solutions to protect its assets, prevent theft, and improve the security of employees. The use of video analytics, access control systems, and converged surveillance solutions is particularly high in this sector, indicative of its pivotal position in industry growth.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Sumon, Research Manager, 6wresearch, the hardware segment leads the market size and share. This category includes monitors, cameras, storage devices, and accessories, representing the largest market share collectively, fueled by the growing use of advanced surveillance systems.
In the Market, the commercial vertical is dominating. This segment mainly consists of retail premises, corporate offices, and hospitality industries, generating high demand for video surveillance solutions. The commercial vertical accounts for about 25% of the market. The demand for improved security measures, along with the development of smart building technologies, continues to drive this segment.
The market report provides a detailed analysis of the following market segments:
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, 2021 & 2031F |
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 |
5.2.1 Increasing government initiatives for public safety and security |
5.2.2 Rising awareness about the benefits of video surveillance systems |
5.2.3 Growing adoption of advanced technologies like AI and IoT in surveillance solutions |
5.3. Market Restraints |
5.3.1 High initial investment costs for setting up video surveillance systems |
5.3.2 Concerns regarding data privacy and security issues |
5.3.3 Lack of standardized regulations and guidelines for video surveillance in India |
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, 2021 & 2031F |
7.1.1 India Video Surveillance Market Revenue and Volume Share, By Camera, 2021 & 2031F |
7.1.2 India Video Surveillance Market Revenue and Volume Share, By Recorder, 2021 & 2031F |
7.1.3 India Video Surveillance Market Revenue and Volume Share, By Encoder, 2021 & 2031F |
7.1.4 India Video Surveillance Market Revenue Share, By Software, 2021 & 2031F |
7.2 India Video Surveillance Market Revenues and Volume, By Component, 2021 & 2031F |
7.2.1 India Video Surveillance Market Revenues and Volume, By Camera, 2021 & 2031F |
7.2.2 India Video Surveillance Market Revenues and Volume, By Recorder, 2021 & 2031F |
7.2.3 India Video Surveillance Market Revenues and Volume, By Encoder, 2021 & 2031F |
7.2.4 India Video Surveillance Market Revenues, By Software, 2021 & 2031F |
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, 2021 & 2031F |
8.1.1 India Video Surveillance Camera Market Revenue and Volume Share, By Camera Type, By Analog Camera, 2021 & 2031F |
8.1.2 India Video Surveillance Camera Market Revenues and Volume, By Camera Type, By IP Camera, 2021 & 2031F |
8.1.2 India Video Surveillance Camera Market Revenues and Volume, By Camera Type, By Analog Camera, 2021 & 2031F |
8.2.1 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Dome, 2021 & 2031F |
8.2.1 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Bullet, 2021 & 2031F |
8.2.1 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Others, 2021 & 2031F |
8.2.2 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Dome, 2021 & 2031F |
8.2.2 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Bullet, 2021 & 2031F |
8.2.2 India Video Surveillance Camera Market Revenues and Volume, By Form Factor, By Others, 2021 & 2031F |
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By Below 1 MP, 2021 & 2031F |
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By 1.1-2 MP, 2021 & 2031F |
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By 2.1-3 MP, 2021 & 2031F |
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By 3.1-5 MP, 2021 & 2031F |
8.3.1 India Video Surveillance Camera Market Revenue and Volume Share, By Megapixels, By Above 5 MP, 2021 & 2031F |
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By Below 1 MP, 2021 & 2031F |
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By 1.1-2 MP, 2021 & 2031F |
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By 2.1-3 MP, 2021 & 2031F |
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By 3.1-5 MP, 2021 & 2031F |
8.3.2 India Video Surveillance Camera Market Revenues and Volume, By Megapixels, By Above 5 MP, 2021 & 2031F |
8.4.1 India Video Surveillance Camera Market Revenue and Volume Share, By Camera Slot, By With Slot, 2021 & 2031F |
8.4.1 India Video Surveillance Camera Market Revenue and Volume Share, By Camera Slot, By Without Slot, 2021 & 2031F |
8.4.2 India Video Surveillance Camera Market Revenues and Volume, By Camera Slot, By With Slot, 2021 & 2031F -2029F |
8.4.2 India Video Surveillance Camera Market Revenues and Volume, By Camera Slot, By Without Slot, 2021 & 2031F -2029F |
9. India Video Surveillance Market Overview, By Recorder |
9.1 India Video Surveillance Market Revenue and Volume Share, By Recorder Types, 2021 & 2031F |
9.1.1 India Video Surveillance Recorder Market Revenue and Volume Share, By Network Video Recorder, 2021 & 2031F |
9.1.2 India Video Surveillance Recorder Market Revenue and Volume Share, By Digital Video Recorder, 2021 & 2031F |
9.2 India Video Surveillance Market Revenues and Volume, By Recorder Type, 2021 & 2031F -2029F |
9.2.1 India Video Surveillance Recorder Market Revenues and Volume, By Network Video Recorder, 2021 & 2031F -2029F |
9.2.2 India Video Surveillance Recorder Market Revenues and Volume, By Digital Video Recorder, 2021 & 2031F -2029F |
10. India Video Surveillance Market Overview, By Verticals |
10.1 India Video Surveillance Market Revenue and Volume Share, By Verticals, 2021 & 2031F |
10.1.1 India Video Surveillance Market Revenue and Volume Share, By Government & Transportation, 2021 & 2031F |
10.1.2 India Video Surveillance Market Revenue and Volume Share, By Retail & Logistics, 2021 & 2031F |
10.1.3 India Video Surveillance Market Revenue and Volume Share, By Commercial Buildings, 2021 & 2031F |
10.1.4 India Video Surveillance Market Revenue and Volume Share, By BFSI, 2021 & 2031F |
10.1.5 India Video Surveillance Market Revenue and Volume Share, By Hospitality & Healthcare, 2021 & 2031F |
10.1.6 India Video Surveillance Market Revenue and Volume Share, By Residential, 2021 & 2031F |
10.1.7 India Video Surveillance Market Revenue and Volume Share, By Educational Institutions, 2021 & 2031F |
10.1.8 India Video Surveillance Market Revenue and Volume Share, By Industry, 2021 & 2031F |
10.2 India Video Surveillance Market Revenues and Volume, By Verticals, 2021 & 2031F |
10.2.1 India Video Surveillance Market Revenues and Volume, By Government & Transportation, 2021 & 2031F |
10.2.2 India Video Surveillance Market Revenues and Volume, By Retail & Logistics, 2021 & 2031F |
10.2.3 India Video Surveillance Market Revenues and Volume, By Commercial Buildings, 2021 & 2031F |
10.2.4 India Video Surveillance Market Revenues and Volume, By BFSI, 2021 & 2031F |
10.2.5 India Video Surveillance Market Revenues and Volume, By Hospitality & Healthcare, 2021 & 2031F |
10.2.6 India Video Surveillance Market Revenues and Volume, By Residential, 2021 & 2031F |
10.2.7 India Video Surveillance Market Revenues and Volume, By Educational Institutions, 2021 & 2031F |
10.2.8 India Video Surveillance Market Revenues and Volume, By Industry, 2021 & 2031F |
11. India Video Surveillance Market Overview, By Region |
11.1.1 India Video Surveillance Market Revenue Share, By Region, By North, 2021 & 2031F |
11.1.1 India Video Surveillance Market Revenue Share, By Region, By South, 2021 & 2031F |
11.1.1 India Video Surveillance Market Revenue Share, By Region, By East, 2021 & 2031F |
11.1.1 India Video Surveillance Market Revenue Share, By Region, By West, 2021 & 2031F |
11.1.2 India Video Surveillance Market Revenues, By Region, By North, 2021 & 2031F |
11.1.2 India Video Surveillance Market Revenues, By Region, By South, 2021 & 2031F |
11.1.2 India Video Surveillance Market Revenues, By Region, By East, 2021 & 2031F |
11.1.2 India Video Surveillance Market Revenues, By Region, By West, 2021 & 2031F |
12. India Video Surveillance Market Price Trend Analysis |
12.1 India Video Surveillance Market Price Trend Analysis, By Analog Camera, 2021 & 2031F |
12.1 India Video Surveillance Market Price Trend Analysis, By IP Camera, 2021 & 2031F |
12.1 India Video Surveillance Market Price Trend Analysis, By NVR, 2021 & 2031F |
12.1 India Video Surveillance Market Price Trend Analysis, By DVR, 2021 & 2031F |
12.1 India Video Surveillance Market Price Trend Analysis, By Encoder, 2021 & 2031F |
13. India Video Surveillance Market - Key Performance Indicators |
13.1 Number of smart city projects integrating video surveillance solutions |
13.2 Percentage increase in the adoption of cloud-based video surveillance systems |
13.3 Rate of implementation of AI-powered video analytics in surveillance applications |
14. India Video Surveillance Market Opportunity Assessment |
14.1. India Video Surveillance Market Opportunity Assessment, By Components,2021 & 2031F |
14.2. India Video Surveillance Market Opportunity Assessment, By Verticals,2021 & 2031F |
15. India Video Surveillance Market Competitive Landscape |
15.1. India Video Surveillance Camera Market Revenue Share, By Companies, 2021 & 2031F |
15.2. India Video Surveillance Market Company Revenue Share, By Verticals, 2021 & 2031F |
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, 2021 & 2031F ($ 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, 2021- 2031) |
5. India Video Surveillance Market Revenue Share, By Components, 2021 & 2031F |
6. India Video Surveillance Market Volume Share, By Components, 2021 & 2031F |
7. India Video Surveillance Camera Market Revenue Share, By Types, 2021 & 2031F |
8. India Video Surveillance Camera Market Volume Share, By Types, 2021 & 2031F |
9. India Video Surveillance Camera Market Revenue Share, By Form Factor, 2021 & 2031F |
10. India Video Surveillance Camera Market Volume Share, By Form Factor, 2021 & 2027F |
11. India Video Surveillance Camera Market Revenue Share, By Megapixels, 2021 & 2031F |
12. India Video Surveillance Camera Market Volume Share, By Megapixels, 2021 & 2031F |
13. India Video Surveillance Camera Market Revenue Share, By Slot Type, 2021 & 2031F |
14. India Video Surveillance Camera Market Volume Share, By Slot Type, 2021 & 2031F |
15. India Video Surveillance Recorder Market Revenue Share, By Types, 2021 & 2031F |
16. India Video Surveillance Recorder Market Volume Share, By Types, 2021 & 2031F |
17. India Video Surveillance Market Revenue Share, By Verticals, 2021 & 2031F |
18. India Video Surveillance Market Revenue Share, By Region, 2021 & 2031F |
19. India Video Surveillance Market Price Trend, By Components, 2021 & 2031F ($ per unit) |
20. Upcoming Projects in Hospitality Sector, 2021 & 2031F -2031 |
21. India Top States Branded Hotel Opening Keys, 2021 & 2031F, (Units) |
22. India Real Estate Market Size 2021 vs 2040F ($ Million) |
23. Market Size of the Retail Industry, 2021- 2031F ($ Billion) |
24. Market Share of the Retail Industry, 2012 & 2031F |
25. India Video Surveillance Market Opportunity Assessment, By Components,2021 & 2031F |
26. India Video Surveillance Market Opportunity Assessment, By Verticals,2021 & 2031F |
27. India Video Surveillance Analog Camera Market Revenue Share, By Companies, 2021 & 2031F |
28. India Video Surveillance IP Camera Market Revenue Share, By Companies, 2021 & 2031F |
29. India Video Surveillance Market Company Revenue Share, By Residential Vertical, 2021 & 2031F |
30. India Video Surveillance Market Company Revenue Share, By Government Vertical, 2021 & 2031F |
31. India Video Surveillance Market Company Revenue Share, By Hospitality & Healthcare Vertical, 2021 & 2031F |
32. India Video Surveillance Market Company Revenue Share, By BFSI Vertical, 2021 & 2031F |
33. India Video Surveillance Market Company Revenue Share, By Retail & Logistics Vertical, 2021 & 2031F |
34. India Video Surveillance Market Company Revenue Share, By Commercial Buildings Vertical, 2021 & 2031F |
35. India Video Surveillance Market Company Revenue Share, By Industry Vertical, 2021 & 2031F |
36. India Video Surveillance Market Company Revenue Share, By Educational Institutions Vertical, 2021 & 2031F |
37. India Dash Cam Camera Market Revenues and Volume, 2021 & 2031F ($ 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, 2021 & 2031F ($ Million) |
5. India Video Surveillance Market Volume, By Components, 2021 & 2031F (Thousand Units) |
6. India Video Surveillance Camera Market Revenues, By Types, 2021 & 2031F ($ Million) |
7. India Video Surveillance Camera Market Volume, By Types, 2021 & 2031F (Thousand Units) |
8. India Video Surveillance Camera Market Revenues, By Form Factor, 2021 & 2031F ($ Million) |
9. India Video Surveillance Camera Market Volume, By Form Factor, 2021 & 2031F (Thousand Units) |
10. India Video Surveillance Camera Market Revenues, By Megapixels, 2021 & 2031F ($ Million) |
11. India Video Surveillance Camera Market Volume, By Megapixels, 2021 & 2031F (Thousand Units) |
12. India Video Surveillance Camera Market Revenues, By Slot Types, 2021 & 2031F ($ Million) |
13. India Video Surveillance Camera Market Volume, By Slot Types, 2021 & 2031F (Thousand Units) |
14. India Video Surveillance Recorder Market Revenues, By Types, 2021 & 2031F ($ Million) |
15. India Video Surveillance Recorder Market Volume, By Types, 2021 & 2031F (Thousand Units) |
16. India Video Surveillance Market Revenues, By Verticals, 2021 & 2031F ($ Million) |
17. India Video Surveillance Market Revenues, By Regions, 2021 & 2031F ($ Million) |
18. Number of Upcoming Malls in Major Cities of India by 2021 & 2031F |
19. India State-Wise Housing Requirement, 2021 & 2031F (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.
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 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.
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.
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.
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.
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.
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.
The report provides a detailed analysis of the following market segments: