City surveillance projects - One driver of Indian CCTV market growth

Forecasts say city surveillance will be the fastest growing vertical market in the country over the next five years.

04/11/2012


In a recently published market report “The Indian Market for CCTV and Video Surveillance Equipment,” IMS Research, recently acquired by IHS Inc., forecasts that city surveillance will be the fastest growing vertical market in the country over the next five years. Such city surveillance projects have received much media attention due to their size with projects typically involving thousands of cameras. However, suppliers should not overlook opportunities in other vertical markets. High growth in demand is also forecast in airports, banking and finance, and utilities and energy to name just a few.  

Since the Mumbai terrorist attacks in 2008, city surveillance has become a high priority for India. Video surveillance equipment has been sold for a number of city surveillance projects in recent years, including Bangalore and Kolkata. Many more city surveillance projects are planned for the future. India has 28 states, most with a capital city and a number of other large cities, and video surveillance is being planned for many of them. Advanced plans for city surveillance are already in place for some, including Surat and Ahmedabad. A large project in Mumbai has been delayed many times, but is now expected to begin in late 2012.

According to Jon Cropley, principal analyst from IMS Research, “Planned city surveillance projects have received lots of press coverage due to their size. Five thousand cameras are planned for Mumbai alone. However, suppliers should not overlook the fact that many other vertical markets will grow quickly. For example, video surveillance revenues for Indian airports are forecast to almost quadruple between 2011 and 2016.” 

Unlike the more developed video surveillance equipment markets of Europe and North America, India was far less impacted by the recent economic downturn. With a growth rate averaging more than 20 percent over the next five years, India will continue to offer suppliers solid growth opportunities as more established and mature video surveillance markets continue feeling the impact of economic uncertainty.



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me