India Video Surveillance Market to Grow Swiftly, Forecasts 6Wresearch in New Report Available at MarketPublishers.com20 Jun 2016 • by Natalie Aster
LONDON – At present, India is one of the countries which have the most promising electronic security marketplaces.
Video surveillance represents the dominant player of the local marketplace, with its market share being the largest one amongst others. The market for video surveillance has grown greatly in the country in the wake of rising concerns over security.
A rise in IT spending together with government initiatives has also been supporting this positive trend. The Indian marketplace is set to post a double digit CAGR of more than 13% over the period 2016-202.
Analog-based surveillance systems captured the largest slice of the pie, but they are expected to be dethroned by IP-based systems in the years to come given growing awareness and a price decline.
As of 2015, the largest share in terms of market revenues belonged to the following verticals: commercial offices, government and transportation, and more.
Panasonic India, Sony Corporation, Axis Communications and CP PLUS INDIA are some of the leading players in the local space.
New research report “India Video Surveillance Market (2016-2022): Market Forecast By Surveillance Type, Software, By Components, DVR/NVR, Encoders/Decoders, By Verticals and Regions” prepared by 6Wresearch offers a comprehensive analysis of the Indian video surveillance marketplace. The study starts with an all-round overview of this marketplace. It covers industry life cycle in detail and contains a value chain analysis.
The report includes Porter’s Five Forces model and investigates the market on the basis of surveillance types and verticals. Regional performance is also addressed in the research study. Besides, the research report explores dynamics of this lucrative market and looks at major trends.
The study focuses on performance of all market segments and pays attention to revenues this marketplace has in the educational institutions domain. In-depth insights into the competitive landscape, detailed company profiles and future projections are contained in the research report, too.
More new studies by 6Wresearch are available at its page.