The market for internet-based video surveillance systems in India is one to watch, according to market researcher, 6Wresearch.
The growing demand for security cameras connected to the internet in India will mean the internet protocol (IP) video surveillance could be worth $1.4bn by 2021.
Amongst all IP surveillance cameras, bullet shaped camera has captured major share of market volume in 2014; however, shift towards dome shape camera is exhibited over the next six years.
Anuj Mehrotra, Research Analyst, 6Wresearch Electronics Division writes:
"Declining prices, terrorist strikes, government initiatives, rising public infrastructure, increasing government security spending and growing awareness have fuelled the adoption of IP surveillance systems in India."
"Further, surging need for video analytics and remote monitoring has also led to rising penetration of IP surveillance systems in the country."
The main IP surveillance camera suppliers include: Hikvision, Dahua, Axis Communication, CP Plus, Panasonic, D-Link, LG, American Dynamics, Honeywell, Vivotek, Bosch, Sony, Samsung, DVTEL, Cisco, Verint and Pelco.
In India video surveillance market, government and transportation application has generated majority of the market share and is anticipated to maintain its market leadership over the next six years.
Other applications include banking and financial, retail and commercial offices.
Media Courtesy : Electronics Weekly