India Video Surveillance Market (2021-2027)
According to 6Wresearch, India
Video Surveillance Market size is projected to grow at CAGR of 17.8% during
2021-27. India Video Surveillance Market has been growing at a significant
rate over the past few years owing to the rising security concerns, primarily
arising from growing incidents of theft, domestic crime and acts of
terrorism. However, uncertainties raised
due to COVID-19 resulted in economic slowdown by creating an obstruction in the
construction projects along with the contraction in the fund allocated for
infrastructural projects which brought a negative impact on the demand for
surveillance cameras in 2020. Besides, with the gradual lifting of lockdown
restrictions post 2020 and increasing government initiatives, such as the smart
city mission, installation of video surveillance systems for traffic
management, rapid infrastructural growth and growing deployment of video
surveillance system in schools, banks, coupled with rising awareness among the
end users and businesses in the country about the advantages of video
surveillance systems would act as a key driving force behind the growth of the
market during the forecast period.
India video surveillance market
is predicted to witness significant growth during the forecast period due to
rising crime, terrorism, communal violence and growing government, commercial
and IT infrastructure in the country. Further, increased competencies and low
penetration of CCTVs would also a play a significant role in raising the demand
for surveillance systems in India.
For Latest Press Release : https://www.6wresearch.com/press-release/india-video-surveillance-market-size-by-revenues-is-projected-to-grow-at-a-cagr-of-178-during-2021-27
Market Analysis by Products
By components, cameras accounted
for the highest revenue share in the market in 2020 owing to the surging use of
cameras by the law enforcement agencies and deployment of CCTV cameras across
vertical like transportation with advanced intelligent functionalities like AI
and machine learning solutions which enables facial recognition, thermal
scanning and monitoring in order to combat COVID- 19 limitations.
Key Highlights of the Report
- India Video Surveillance Market Overview
- India Video Surveillance Market Trends
- India Video Surveillance Market Outlook
- India Video Surveillance Market Forecast
- Porter’s Five Forces Analysis
- Market Opportunity Assessment
- Market Drivers, Restraints
- Industry Life Cycle
- India Video Surveillance Market Share/Ranking, By Companies
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
- Historical Data and Forecast of Revenues, By Verticals for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Regions for the Period 2017-2027F
- Historical Data and Forecast of India Video Surveillance Market Revenues for the Period 2017-2027F
- Historical Data and Forecast of Revenues, By Components for the Period 2017-2027F
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