Rising need for advanced security, increasing public surveillance, growing IT infrastructure, increasing IT spending, and surging criminal activities have spurred the market for IP Video Surveillance systems in India.
According to 6Wresearch, India IP video surveillance is projected to reach $1.4 billion by 2021. In overall IP video surveillance market, IP surveillance cameras accounts for key share of the market revenues and is expected to lead through the forecast period. Amongst all IP surveillance cameras, bullet shaped camera has captured major share of market volume in 2014; however, shift towards dome shape camera is exhibited over the next six years.
As per Anuj Mehrotra, Research Analyst, 6Wresearch Electronics Division, “Declining prices, terrorist strikes, government initiatives, rising public infrastructure, increasing government security spending and growing awareness have fuelled the adoption of IP Surveillance systems in India.”.
“Further, surging need for video analytics and remote monitoring has also led to rising penetration of IP surveillance systems in the country. In India’s IP surveillance camera market, players such as Hikvision, Dahua, Axis Communication, CP Plus, Panasonic, D-Link, LG, American Dynamics, Honeywell, Vivotek, Bosch, Sony, Samsung, DVTEL, Cisco, Verint and Pelco are the leading contributors of the market.”, he added.
In India IP video surveillance market, government and transportation application has generated majority of the market share and is anticipated to maintain its market leadership over the next six years. Other key growing applications include- banking & financial, retail, and commercial offices.
“India IP Video Surveillance Market (2015–2021)” provides in-depth analysis with 146 figures and 29 tables covered in 164 pages. The report estimates and forecast overall India Video Surveillance market by analog surveillance, IP surveillance and software (video management software, video analytical software and others). Market by verticals such as Government & Transportation, Banking and Financial, retail, industrial, commercial and residential and regions such as North India, South India, East India, West India and Central India. The report also gives the insights on competitive landscape, market share by companies, company profiles, market trends, market drivers and restraints.