India Video Surveillance Market (2018-2024)-6Wresearch

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Government & Transportation Application to Drive the Growth of Video Surveillance Market in India – 6Wresearch

Video surveillance market in India has increased tremendously in recent years owing to rising security concerns primarily arising from theft, domestic crime and threats from terrorism. Growing consumer awareness towards video surveillance for security and monitoring coupled with declining installation cost have resulted in higher demand for video surveillance systems in India.

According to 6Wresearch, Video Surveillance Market Revenues are projected to grow at a CAGR of 16.4% during 2018-24. Growth would be aided during the forecast period primarily due to increasing government initiatives towards city surveillance and smart city projects would result in surge in deployment of high-resolution IP cameras across the country.

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According to Shefali Goel, Assistant Manager, Research and Consulting, 6Wresearch, “Within components, surveillance camera segment accounted for majority of the market revenue share. However, amongst Analog and IP segments, the demand for IP segment is increasing owing to various technological advancements such as digital PTZ, embedded video analytics capabilities and cloud solutions.

Moreover, increasing penetration of domestic companies along with growing adoption of upcoming trends such as deep learning enabled cameras and IOT in video surveillance solutions are expected to drive the demand for video surveillance systems in the country over the coming years.

Additionally, other segments include recorder, encoder and video management software. The market for video management software is expected to spur during the forecast period as it allows viewing, recording and retrieving multiple cameras at the same time,” Shefali Concluded.

According to Gurbani Kaur, Research Associate, Research and Consulting, 6Wresearch, “Declining prices and increasing awareness are resulting in increase in market for advanced video surveillance solutions. Moreover, in 2017, Government & Transportation, Commercial offices and Retail segments altogether registered the maximum revenue share in the overall video surveillance market in India. During 2018-24, the demand for video surveillance systems is expected to be higher from tier-I cities in India, with the expected involvement of government programs.

“Further, new trends coming in the video surveillance market in India such as ultra-high-definition surveillance cameras with 4K resolution are yet to gain wide adoption in India as higher bandwidth and data storage requirements are hindering the market growth,” Gurbani concluded.

Some of the key players in Video Surveillance market include- Axis Communications, Bosch, CP Plus, FLIR systems, Hikvision, Honeywell, Panasonic, Hanwha Techwin, Sony, Pelco by Schneider, Zicom and Dahua technology.

India Video Surveillance Market (2018-2024)” provides an in-depth analysis with 88 figures and 54 tables covered in more than 211 pages. The report estimates and forecast the overall Video Surveillance market by revenues, components, specification, applications and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

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India Video Surveillance Analytics Software Market (2018-2024)

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6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography. Our Research Process Outsourcing (RPO) division enables our client to reduce their cost by outsourcing their research needs and focusing on their core competency. Our Business Model The prime motto of 6Wresearch is to see the exponential growth of our clients by meeting all the research requirements. 6Wresearch is pioneer in implementing 6W (what, where, when, who, when and how) model across its research cycle. We believe that exhaustive research can only be accomplished if it covers all six dimensions of research: What to invest in: What product and services is to produce to target potential market? Where to invest: Which geography to enter? When to invest: When is the right time to enter to the market? Whom to target: Who is your target consumer and buyers? Why to invest: What growth and opportunity the target market is offering? How to invest: What is the right strategy to enter the target market? Our integrated survey based model enable us to deliver real insights from key industry players which enable our clients to acquaint themselves with key industry trends & developments and devise various strategies for growth. Our Core Beliefs/Values 6Wresearch values its client and believes in maintaining long term relationship with them by providing high quality research solutions. 6Wresearch maintains its core beliefs and values by complementing Commitment towards standards, ethics and integrity, Ensuring client satisfaction, Maintaining full transparency. To find details on our members and associates please go to our directory of members.

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