Russia to Witness Surplus Growth in CCTV Market till 2013

The Russian security market, as a segment of the national economy, reflects the general economic trends in the country. Persistent economic growth in Russia during the past few years has been resulting into the rapid development of businesses, especially retail trade, banking services, oil & gas industry, real estate, and construction. Recent developments in the political sphere and struggle against terrorism waged by the government and public are the other basic factors boosting the development of the security market. The Russian security market has also taken rapid strides forward, offering tremendous potential to companies interested in venturing in the security business.

 

According to our research report “Global CCTV Market Analysis (2008-2012)”, CCTV market in Russia will observe significant growth till 2013; with a CAGR of around 25% during 2011-2013. The growth will mainly be driven by large industries and SMEs getting themselves equipped with the CCTV surveillance systems. Moreover, the CCTV market will continue to steadily increase its share due to the large scale deployments of cameras in cities and transportation sector, both on-board and for travel and traffic information gathering on motorways and city roads.

 

The Russian security systems market is characterized by the high potential for the development and an increasing need for imported components and systems. Currently, China, Taiwan, and Korea are the leading low-cost equipments suppliers to Russia. However, Russian market is now increasingly developing interest in better quality, and more reliable equipments & systems. Therefore, the import of premium class systems is also picking up. Besides, many global IP vendors have entered the country’s video surveillance market, thus making it more competitive with new offerings.

 

“Global CCTV Market Analysis (2008-2012)” provides analysis of the global CCTV market by segmenting it by region, technology, and type. The report also studies countries including the US, Canada, the UK, Germany, Italy, Russia, China, Thailand, Malaysia, Taiwan, India, Latin America, and the Middle East. Potential growth areas in different industry verticals with industry roadblocks have also been studied thoroughly to present a comprehensive view of the market dynamics to clients.

For more information visit: http://www.rncos.com/Report/IM134.htm