Robust growth projected for Indian CCTV surveillance market

NOIDA, INDIA: The Indian safety and security market had been growing at a modest rate over the past few decades. But, the growing terrorist activities, coupled with increasing crime rates have driven up the domestic demand for effective security systems across the country.

In this regard, use of closed circuit TV (CCTV) or video surveillance, in particular, has emerged as the most viable solution that has gained significant momentum in the country. As per our latest research report, “Indian CCTV Market Analysis”, the CCTV market in Indian, which is currently estimated at over Rs 750 crore, is projected to grow at a CAGR of more than 34 percent during 2010-2012.

Having seen the dire consequences of the 26/11 terror attacks on Mumbai, both the governments as well as the private sector have substantially increased their spending on security surveillance. For instance, Delhi Police has recently decided to set up a cyber highway to connect all its monitoring systems, traffic systems, police stations and police headquarters with each other by means of CCTV cameras.

They are also installing CCTV systems across various market places and border check posts connecting to the capital. The move is aimed at tightening the security arrangements, particularly for the Commonwealth Games scheduled in 2010.

Our research also indicates that demand for IP-based or digital or network video surveillance technology will emerge as fast growing in comparison of analog technology.

RNCOS’ report “Indian CCTV Market Analysis” provides extensive research and rational analysis of the CCTV market in India. It offers comprehensive view of the factors which are driving the demand for CCTV surveillance in the country coupled with an insight of factors critical to this growth.

The report briefly explains the electronic security market demand across various end-user segments and how is it important for the CCTV players. Besides this, the report also briefs out key geographical markets where demand for surveillance systems will boom in near future. It also gives analysis of the key players in Indian CCTV market.