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
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
2014 Product of the Year finalists: Vote now; Boiler systems; Indirect cooling; Integrating lighting, HVAC
High-performance buildings; Building envelope and integration; Electrical, HVAC system integration; Smoke control systems; Using BAS for M&V
Pressure piping systems: Designing with ASME; Lab ventilation; Lighting controls; Reduce energy use with VFDs
Case Study Database

Case Study Database

Get more exposure for your case study by uploading it to the Consulting-Specifying Engineer case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.

These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.

Click here to visit the Case Study Database and upload your case study.

Protecting standby generators for mission critical facilities; Selecting energy-efficient transformers; Integrating power monitoring systems; Mitigating harmonics in electrical systems
Commissioning electrical systems in mission critical facilities; Anticipating the Smart Grid; Mitigating arc flash hazards in medium-voltage switchgear; Comparing generator sizing software
Integrating BAS, electrical systems; Electrical system flexibility; Hospital electrical distribution; Electrical system grounding
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.