Increasing terrorist activities, growing crime rates, data thefts, remote monitoring, growth of public infrastructure, increasing IT spending, government initiatives and increasing security spending are boosting the market for video surveillance systems in Indian market. According to 6Wresearch, the market for vide
Increasing terrorist activities, growing crime rates, data thefts, remote monitoring, growth of public infrastructure, increasing IT spending, government initiatives and increasing security spending are boosting the market for video surveillance systems in Indian market.
According to 6Wresearch, the market for video surveillance in India is projected to reach $2.4 billion by 2020. In India's video surveillance market, analog video surveillance market has captured major share of pie due to low cost and ease of installation. Over the next six years, the market for IP surveillance is expected to increase due to increasing IP infrastructure, declining prices and demand for remote access.
Video surveillance software market is also another growing segment, where video management software leads the market share; however, higher growth of video analytics software is anticipated in the forecast period.