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VSC market...shifting towards IP surveillane cameras from analog

Video surveillance market in India registers 55pc growth

MUMBAI, December 22, 2014

Rising transportation infrastructure, increasing public surveillance, government security spending, growing IT spending across major applications, and surging crime rates have fueled the demand for video surveillance systems in India, according to a recent report.

The Video Surveillance Camera (VSC) market, which is dominated by analog surveillance camera, is witnessing a shift towards IP surveillance cameras on account of declining prices and demand for remote access, said the 6Wresearch report.

The Indian VSC market have registered more than one million units for third quarter of this year, while the current quarter has experienced a decline of around 16 per cent over the previous quarter, it said.

The year-on-year (YOY) growth, however, of approximately 55 per cent was registered in Q3, compared to the same quarter of previous year.

Some of the major players in the India VSC market are Hikvision, CP Plus, Dahua Security, Securus, Secure-Eye and Maximus.

Anuj Mehrotra, research analyst, 6Wresearch-India Electronics Division, said: “Over the past decade, India Video Surveillance Camera market has witnessed various technological advancements such as remote monitoring, cloud storage and integrated video analytics. Further, the surveillance cameras which are available today are far cost effective, technologically sound and more user friendly.

“Video analytics market in India is in its nascent stage, where rising security threats and criminal identification are expected to boost its market in the coming quarters, which would in turn fuel the demand for IP surveillance cameras.”

Video surveillance systems in India have captured major share of the modern security systems, though, installation and maintenance cost remains a major challenge for the growth of the video surveillance market in the country, said the report.

However, Government and OEM’s are taking various initiatives to increase the awareness regarding the irrefutable advantages as compared to the onetime cost of surveillance systems, it added. - TradeArabia News Service




Tags: India | market | surveillance | Video |

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