Eye Spy

Yunus Dar

Cities constitute the economic, political and cultural centres of nations. Also, most crimes and threats such as terrorism, trafficking, industrial accidents and so on and so forth are concentrated in the cities. Therefore, urban authorities should be the priority of any government, not only to make the urban environment secure for its citizens but to improve quality of life and make the city attractive for tourists, businesses and talented workers.

Amongst a number of other security measures, CCTV surveillance is one of the most effective checks on law and order in a city. India, too, has seen a tremendous growth in this sector. According to a study, India’s CCTV market is expected to grow at a CAGR of 16.4 per cent during 2018-2024.

A number of security concerns of different nature, primarily arising from theft, domestic crime and threats from terrorism amongst others, have been growing in India, and consequently the demand for improved surveillance and security systems.

According to industry estimates, over two million surveillance units are sold every month, with the market growing 20-25 per cent annually. The security and surveillance market was of Rs 8,200 crore in FY2017, reached Rs 11,000 crore in FY2018 and is expected to touch Rs 20,000 crore in FY2020.

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, infrast