India Video Surveillance Market (2019-2025): Forecast By Components (Cameras (Analog and IP), DVR/NVR, Encoders/Decoders), By Surveillance Type (Analog & IP Surveillance), By Software (Video Analytics, Video Management Software (VMS), and Others), By Verticals (Commercial, Residential, Retail, Industrial & Manufacturing, Government & Logistics, Banking & Financial, Hospitality & Healthcare, and Institutions), By Slot (With Slot And Without Slot), By Regions (Northern, Southern, Western, Eastern & Central India) And Competitive Landscape
A maturing demand for a protected and safe livelihood while assuring the safeguarding of assets, personal belongings, infrastructure, and domestic crime has driven demand for surveillance globally. India, moving towards becoming a developed country, is committed to the security of its citizens, and public and private properties, and is conscious of internal and external danger; therefore, the demand for video surveillance systems is growing in the forecast period.
According to Pheonix Research, Video Surveillance Market in India is estimated to grow at a CAGR of 23.1% between 2019- 2025. In 2018, the government & logistics, commercial buildings, and banking sectors accounted for the highest share; however, other segments comparatively residential and retail verticals are anticipated to demonstrate ample rise in demand in the coming future.
Moreover, prominent infrastructural development and transformation in the BFSI and education sector, and development of smart cities projects have also raised the need for surveillance solutions in the nation. India is 2nd largest populated country in the world and dominated by the middle class and as a developing country parallelly it’s a vast market for global investors. Many of the world’s greatest companies have their corporate offices in India.
Previously, the market is dictated to conventional analog video surveillance systems. Nowadays, the implementation of IoT-enabled smart video surveillance systems dominating the market. IP-based video surveillance systems are now introduced in the market with tempting services & features such as high definition (HD), high quality (HQ), engaging more cameras (scalability), intrusion detection, low cost, and mobile app availability.
The report provides detailed insights into the growth drivers, restraints, and business opportunities in the video surveillance market in India, key questions answered in the report to analyze current & future trends and major profit factors in the Indian Market. The significant growth in industrial infrastructure, a growing consciousness of society, and a rise in the expense of security has been described as the major drivers that could raise market growth in the future.
North region being the corporate and political nerve center, needs extra surveillance solutions and the reason is the dominant market compared to the overall region. The South and the West regions of India also hold a significant share of the market. Eastern states of India including Bihar, Jharkhand, West Bengal, and others are still in the growing stage lacking in the growth of the video surveillance market.
The report also focuses on the market of video surveillance systems as per the camera type commonly deployed, (analog or IP cameras). Moreover, the structure of the market is highlighted with a comprehensive narration of the distant types of accessories used in the video vigilance system. The video surveillance solutions use various software including video management software (VMS), video analytics software (VAS), Network Video Recording (NVR), and others are further described with the future outlook.
Markets Covered
By Components
• Cameras
■ Analog
■ IP
• DVR/NVR
• Encoders/Decoders
By Surveillance Type
• Analog
• IP Surveillance
By Software
• Video Analytics
• Video Management Software (VMS)
• Others
By Verticals
• Commercial
• Residential
• Retail
• Industrial
• Manufacturing
• Government
• Logistics
• Banking
• Financial
• Hospitality
• Healthcare
• Educational Institutions
By Slot
• With Slot
• Without Slot
By Regions
• Northern
• Southern
• Western
• Eastern
• Central India