Thailand Video Surveillance market revenues is projected to grow at a CAGR of 12.7% during 2023-2029

Video surveillance cameras attained the largest revenue share in the Thailand Video Surveillance Market- 6Wresearch

By components, video surveillance cameras garnered the maximum revenue share on the back of government initiative to install security cameras, The provincial government of Phuket city in 2022 installed around 120 CCTV cameras, 37 license–plate capture systems, and 31 General surveillance CCTV systems. In 2022 within Bangkok, only 62,000 Security Cameras were installed across 50 districts to ensure high safety and security.

According to 6Wresearch, Thailand Video Surveillance market revenues are projected to grow at a CAGR of 12.7% during 2023-2029. Thai Government has come up with the concept of smart cities and in the year 2022 they had 15 smart Cities all over the country and their agenda is to have one of the Thai smart cities in the list of the world's top 10 smart cities by 2037. Two of the key aspects of these new smart cities are Smart Environment and Smart Governance which entails better and optimal safety for its citizens and foreigners visiting the country. Promoting the Thailand Video Surveillance Market Growth. The government is planning to install more CCTV cameras to reduce the crime rate in Thailand, more than 62000   CCTVs were installed in Bangkok alone in 2022 to strengthen the security in the city. Growing data breaching cases and unlawful biased surveillance of the citizens on account of increasing technology and rising cybercrimes would work as a restraint in Thailand video surveillance market.

According to Ravi Bhandari, Research Head, 6Wresearch, in Thailand video surveillance market, government and transportation verticals along with the Hospitality and Health care sector would witness a fast growth rate in the future on the back of government projects for infrastructure development such as U-Tapao International Airport, Laemchabang Seaport, Maptaphut Seaport, and Tourism development projects.

The Thailand Video Surveillance Market (2023-2029)” report provides an in-depth analysis with 24 figures and 9 tables, covered in 81 pages. The report on Thailand Video Surveillance Market comprehensively covers the industry by components and applications. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.