With rapidly increasing urbanization and economic liberalization, the criminal activities at different levels of the society have become a common practice in India. Moreover, the growing incidences of terrorist attacks have significantly changed the perception of Indian consumer for better and advanced safety and security needs. The frightening terrorist attack in Mumbai on November 26, 2008 indicates to a clear need of deploying and upgrading security equipments to modern and hi-tech across the country.
Closed Circuit Television (CCTV) has emerged as the most viable solution for security surveillance in the Indian electronic security market, says our latest research report “Indian CCTV Market Analysis”. The research has estimated that the Indian electronics security market valued around Rs. 1600 Crore in 2008 and CCTV accounted for more than a third of this market. This segment has been growing at a much faster rate than other segments such as access control, intrusion alarm or fire detection alarm.
Our end-user analysis points out that at present the government/public sector demand remains high for overall security systems followed by industrial and commercial sector. However, it is found that the demand for electronics security systems from residential sector will outpace the growth in other end-users segments. Special events such as Commonwealth Games 2010 will also add growth to the Indian CCTV market, which is forecasted to grow at a CAGR of more than 34% during 2010-2012.
“Indian CCTV Market Analysis” contains an extensive research and rational analysis of the CCTV market in India. It offers comprehensive study of the factors which are driving up the demand for CCTV surveillance systems in the country coupled with the steps taken by the government to deal deal with security threats. The report briefly explains the electronic security market demand across various end-user segments and how is it important for the CCTV players. Besides, the report talks about key geographical market where demand for surveillance systems will boom in near future along with analysis of key players in the Indian CCTV market.
