The progressive public infrastructure, assuring the safeguard of assets, rising crime along with decrement in prices of video surveillance systems is anticipated to drive the rise of the India video surveillance market 2019-2025
Volumetric Development projects, for instance, smart city, Metro projects, government infrastructure projects, and growing awareness towards electronic security solutions together with sustaining the manufacturing industry would provoke anticipation for extending video surveillance systems in the Indian market in the future. Besides, industrial infrastructure improvements like commercial buildings, big hotels, high people capacity stadiums, and amusement parks, securing railway stations & airport facilities as well as the intensifying of public service verticals such as schools, colleges, tourist places, and healthcare would bring out pioneer gateway for the function of video surveillance services in India.
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The video surveillance solution has come to light in the last decade and the market has tremendously boosted in the last 10 years and witnessed several transformations in its market trends, especially after the 26/11 Mumbai terrorist attacks, the Indian Government now installing smart security systems on international borders, public places, and others.
According to Pheonix Research, Video Surveillance Market in India is estimated to grow at a CAGR of 23.1% between 2019-2025. The commercial buildings and government offices division captured the largest share in terms of revenue in 2018 in the total video surveillance market in India. In addition, by enhancing the construction & manufacturing industry and increasing awareness among citizens about such security systems, the residential and commercial vertical in India witnessed the highest market growth in the coming years. In terms of components, Closed Circuit Television (CCTV) cameras hold the superlative share concerning volume in the Indian video surveillance market. IP surveillance cameras are expected to witness considerable growth in the coming years.
Key players in the Indian video surveillance market are Axis Communication, CP Plus India Private Limited, Honeywell International India Pvt. Ltd and Others
The “India Video Surveillance Market (2019-2025)” report offers a comprehensive study in 138 pages with 89 figures and tables. The report is segmented by components, surveillance type, software, verticals, slots, and regions.
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