Research Note: The Indian market for video surveillance equipment is forecast to grow at an increasing rate over the next five years. Not only is the new Indian government expected to push through spending on public projects which have previously struggled to gain final approval, but a general improvement in the Indian economy will mean increased demand from private companies too. On average, the market is forecast to grow by over 13% a year between 2013 and 2018.
These are just some findings from a recently published IHS report entitled The Indian Market for CCTV and Video Surveillance Equipment.
The report answers a number of key questions about the current state of the Indian market and its future outlook.
- What is the size of the Indian market for CCTV and video surveillance equipment?
- How fast will the market grow in the next five years?
- What are the biggest opportunities in this market?
- Which companies are the leading international suppliers to the market? And which are the leading local suppliers?
- When will sales of network video surveillance cameras overtake sales of analogue video surveillance cameras in India?
- How will economic, social, and political factors impact growth of the market?
For more information about the report please follow this link.
About The Author: Jon Cropley is a Principal Analyst at IHS Market Research in the U.K. Reach Jon at [email protected]
Source: ihs.com