Video surveillance in India is expected to grow to USD2.5 billion by 2020
India’s video surveillance market is projected to grow at a CAGR of nearly 13 per cent during 2017-2023, according to a study by 6Wresearch. A 2016 report by American data storage company Seagate Technology said that Indian organisations use 249 cameras on average for video surveillance of their facilities.
The number was about the same as in China, but significantly lower than that in developed countries such as the US and UK, where organisations use about 349 cameras on average. This indicates vast scope for use of more closed circuit television (CCTV) cameras by organisations in India.
According to an ET report, the video surveillance market is expected to more than treble from USD700 million in 2017 to USD2.5 billion by 2020. Most of the cameras will be installed in public places and commercial establishments, with the share of households at 13 per cent.
The Indian surveillance market is witnessing immense growth from sectors such as city surveillance, hospitality, airport security, Banking Financial Services Insurance (BFSI), retail, BPO, manufacturing, college campuses, infrastructure companies and education. The government, in general, is the biggest segment in terms of volume demand. The private sector also shows vast potential with about 87 per cent surveillance needs for commercial purposes.
While the Indian surveillance market is growing at a rapid pace and a plethora of CCTVs are coming up in every corner of every street of every city in the country, it becomes imperative to see whether the implementation has actually been as efficient and if so, what future developments could be underway.
CCTVs for Border Surveillance
While CCTV cameras have been in use along India’s borders for quite a while, the government is constantly introducing new and improved systems to curb infiltrations and maintain tight surveillance of sensitive regions along the country’s borders. CCTVs will be used in the new smart fencing plan along the western borders with Pakistan.
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