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Overall Surveillance is The Order of The Day

By admin | 21st,December 2018

While the acts of terrorism across the globe have increased significantly in recent years, India has suffered no less from its horrors during the last twenty-five years or so. According to Government of India, Ministry of Home Affairs, terrorism in India includes ethno-nationalistic terrorism, religious terrorism, left-wing terrorism, narco terrorism and many more. As a primary check as well as bringing terrorists to book, law enforcement agencies in the country are depending more and more on surveillance technology than anything else. No wonder, IP Video Surveillance and CCTV are quickly becoming the norm in public spaces, while more advanced video surveillance tools allow for greater networking of cameras, greater fields of vision, cheaper access along with a host of tools that include facial recognition and tracking as also vehicle tracking.

Simultaneously, the Indian surveillance market is witnessing an unprecedentedly high growth from sectors such as city surveillance, hospitality, airport security, BFSI, retail, BPO, manufacturing, college and university campuses, infrastructure companies and shopping malls. Needless to say, the government proves to be  the biggest segment in terms of volume and demand, while the private sector does not lag behind. Studies reveal that around 87% of surveillance needs are for commercial purpose, whereas 13% are for residential requirements.

Technology Transition

According to Yogesh B. Dutta, COO – CP PLUS, technological advancement in video surveillance in course of the last few years has helped a lot in shaping the industry. Relying on the enduring demand from heightened security needs, the video security market is experiencing a technology transition from relatively passive analogue CCTV video systems to more sophisticated network-based IP video solutions that include integrated analytics.

Surveillance Has Become the Sine Qua non

“Surveillance has become the sine qua non (necessity or prerequisite) to ensure personal, public and property safety.  The total Indian video surveillance market which was reported to be around US$1.58 billion in 2014 is expected to reach to US$8.24 billion by 2022, while growing at a CAGR of 22.96% during the forecast period from 2015 to 2022.  Though analog based surveillance systems have accounted for majority of the share (around 68%) in the overall market, yet IP based surveillance systems are expected to increase in the next five years due to increasing IP infrastructure, declining prices and demand for remote access. As better security systems are mandatory in the current scenario surveillance has been playing a major role in preventing crime against people and loss to property.  The rising incidents of crime, burglary, bank robbery and the growing awareness about benefits of constant surveillance among the people have primarily driven the Indian surveillance security market,” said, Ashish P. Dhakan, MD & CEO, Pramahikvision (India) Pvt. Ltd.

 

Market Fast Changing With New Technology

“Infrastructure growth and safety awareness is driving investments in the Indian market for surveillance expenditure from both the government and the private customers. Rapid urbanization is increasing the demand for surveillance solutions from Tier II and Tier III cities. The market is fast changing with new technologies being introduced coupled with the technological advancement being more towards integrated, and software based solutions. Digital is raising requirements with focus on connected offerings,” said, Sharad Yadav, General Manager, Honeywell Security and Fire, India.

 

According to an IHS report, “India’s market for network video cameras is estimated to reach US$ 194.7 million by 2020.” “Although there is a majority market share of analog systems, this is poised for a change in the coming years. The next decade will see proliferation of IP based video surveillance systems which will replace analog systems. The verticals with the highest market share in terms of revenue are government & transportation, commercial offices and banking & financial followed by the upcoming sectors such as retail, residential, and industrial,” concluded, Sudhindra Holla, Country Manager, India & SAARC, Axis Communications