Research and Markets announced the addition of the "India CCTV Camera Market Outlook, 2021" report to their offering.
According to India CCTV Camera Market Outlook, 2021, the India video surveillance camera market is expected to grow with a CAGR of about 27.2% in the period from 2016 to 2021.
According to India CCTV Camera Market Outlook, 2021, the India video surveillance camera market is expected to grow with a CAGR of about 27.2% in the period from 2016 to 2021. Technology-wise non-IP dominates the Indian market but in the coming years IP is expected to take the lead. Non-IP technology constitutes of analog and HD video surveillance cameras.
Analog is in a depleting stage and its share is expected to be taken by IP technology and HD video surveillance camera. Dome cameras are the most widely used cameras. The commercial segment is the driver of the video surveillance market in India with the increasing count of SOHOs and SMEs. With the increasing security concerns, the residential sector is also one of the factors for the increasing market.
As there are more criminal activities in the northern region of India, the north dominates the market in terms of revenue. According to the technology, different players are present in the market. In the non-IP segment the market consists of players like CP Plus, Dahua Technology, and Prama Hikvision, constituting more than 70% of the market.
In the case of the IP segment, the market consists of Axis Communications, Bosch, Panasonic, Honeywell, etc. The widespread use of video surveillance cameras in various industries like government, SOHOs, SMEs, banking, hospitality, and other commercial establishments will make the video surveillance camera market to increase with robust growth.
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