Indian CCTV Market to Grow at 34% CAGR

As per our research report "Indian CCTV Market Analysis", India's globalization and rising security concerns have demonstrated the importance of electronics security equipments and services in the recent past. This diversified requirement of security applications is driven by the strong demand from commercial establishments and the government entities. If we look at vertical applications segmentation, it has been found that the government establishments are gearing up to install video surveillance systems at public places and sensitive government buildings. Besides, the demand for CCTV has increased in other sectors. This will help the Indian CCTV market to grow at a CAGR of more than 34% during 2010-2012.

At the regional front, industry trends reveals that the North India including Delhi, NCR, Haryana, Punjab, Uttaranchal & West UP, Rajasthan, has the largest proportion of security installations with Southern India closely following it at second place. Our report has analyzed the major geographical markets in India. Growth inhibitors have also been studied in the report.

Our study reveals that the cost of manned guarding has risen due to the introduction of the minimum wage, improvements in standards, and the difficulty of recruiting staff in some areas. Manned guarding becomes threat at times, when the guard himself indulges in criminal activities.  So, the security managers are finding alternatives to full-time manned guarding, wherever possible. Hence, many security managers are now greatly relying on CCTV surveillance. Thus, one of the most important benefits of CCTV is personnel efficiency. Beside cost, we have discussed other key market trends and developments in our report.
 
We have found that, India's rapidly growing population and demand for industrialization has had an impact on its service market. The demand for electronics security systems by the Indian residential sector has also become one of the lucrative segments that will witness a substantial growth in the future. Our report has conducted an end-user analysis to provide a deep in-sight into the sectors using security systems.

For more information visit: http://www.rncos.com/Report/IM215.htm