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Asia-Pacific to Control CCTV Market Growth in Near Term
Jun 23, 2008
The Asia-Pacific region is expected to create the major demand for CCTV systems in future, says RNCOS in its new research report, “Global CCTV Market Analysis (2007-2010)”.
As per the report, the video surveillance market in the Asia-Pacific region is anticipated to post incredible growth as the uptake of technology is currently at nascent stage, thus offering immense growth opportunities for both manufacturing and consumption of video surveillance equipments. The governments across the Asia-Pacific, recognizing the potential damage caused by terrorist attacks to tourism, businesses and foreign investment, are taking security very seriously. The report recognizes four key areas in Asia – residential security, workplace security, public place security and security of supply chains – where security systems are playing very critical role and become mandatory.
Besides rising security concerns, the concrete economic growth in major Asia-Pacific economies, such as India, China, Taiwan, South Korea and Singapore, is also providing a fillip to the video surveillance market in the region, says the RNCOS report. These countries have witnessed a marked change in their social setting, for instance, rising number of working parents and nuclear families that created a need for effective security systems. Gaining traction from these factors, the market is anticipated to grow strongly at an annual growth rate of 13% from 2007 to 2010.
Other than Asia-Pacific, “Global CCTV Market Analysis (2007-2010)” also gives comprehensive research and in-depth analysis on the present performance and future prospects of the CCTV market in other regions also, including North America, Europe and rest of the world. It helps clients to identify the growth opportunities and factors critical for the success of global CCTV market. The report also provides forecast on electronics security market by region, CCTV market by technology, regional segmentation of CCTV market at current end-user prices, CCTV semiconductor market, video surveillance software market, video surveillance camera market, conventional CCTV camera market and IP-based CCTV camera market.
For more information visit: http://www.rncos.com/Report/IM542.htm
Related Releases are as follows:
- Rising Security Concern Boosting CCTV Sales
- Rise in Adoption Rate of CCTV Accelerating the Industry
- Countries are Exhibiting a Shift from Analog to IP Video Surveillance Technology
- Global CCTV Market Witnessing Promising Growth
- Video Surveillance as a Service (VSaaS) Propelling the Global CCTV Market
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