6Wresearch: India Video Surveillance Market is expected to reach $952.94 million by 2016.

The report "India Video Surveillance Market (2011-2016)" categorized the market by Cameras (Analog and IP), DVR/NVR, Encoders/Decoders, Software, Verticals (Government and Transportation, Banking & Financial, Retail, Industrial, Commercial and Residential), Regions (North India, South India, East India, West India and Central India)”. The report provides key market drivers, restraints and opportunities that shape the present and future market growth.

The need for intelligent security systems, increasing terrorist strikes, dwelling infrastructure, rising criminal activities are the few factors that have resulted for the demand for reliable and intelligent security systems in India. The advantages of surveillance systems over physical security such as ability to allow remote monitoring, etc has resulted for their wide deployment across India.

Traditionally controlled by analog based surveillance systems, the Indian market is now shifting towards digitized i.e. IP based surveillance systems. These surveillance systems are finding its space in across industry verticals, namely, government & transportation, banking & financial, retail, commercial, industrial and residential.

According to 6Wresearch, the Brazil Video Surveillance market generated $124.96 million in 2011 and is expected to reach $362.69 million by 2016, with a CAGR of 23.75% from 2011-2016. Amongst all verticals, government & public infrastructure accounted for the largest share of 73.69% in the overall market.

According to 6Wresearch, India Video Surveillance market is expected to reach $952.94 million by 2016, with a CAGR of 32.49% from 2011-2016. In 2011, though analog based surveillance systems have accounted for majority of the share i.e. 67.80% in the overall market, but IP based surveillance systems are expected to grow with relatively higher CAGR of 41.78% from 2011-2016.

In 2011, in vertical markets, government & transportation and banking & financial verticals accounted for total 77.89% of the market share, however other verticals such as retail, residential, commercial and industrial are seen as key growth verticals.