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Company Name : Frost & Sullivan

Monday, October 30, 2017 12:51PM IST (7:21AM GMT)

Shift to IP Technologies and Rise of VSaaS Boosts India's Video Surveillance Market


Rising consumer awareness about the benefits will drive increased adoption of surveillance solutions, finds Frost & Sullivan's Measurement & Instrumentation team


Mumbai, Maharashtra, India

Increased economic activities, higher urbanization rates, residential and commercial infrastructure modernization, and rising crime are factors driving the need for video surveillance in India. A shift from analog to IP technologies, cloud solutions for storage, and rise of video surveillance-as-a-service (VSaaS) present new, untapped opportunities for security solution providers.
 
Frost & Sullivan’s Indian Video Surveillance & VSaaS Market, 2017, analyses expected product growth rates, trends, technologies, emerging drivers, restraints challenges, and top players such as CP Plus, Hikvision, Dahua, Panasonic, Bosch, Samsung Techwin, Axis and Pelco in the dynamic surveillance market in India.  Along with exploring the sub-segments of the video surveillance and VSaaS market in detail, the insight also focuses heavily on the trends, directions and high growth segments for future. It emphasizes on the dimensions necessary to make informed decisions for growth in the surveillance market.      
 
To access more information on this analysis, please click here.
 
“In the next few years, western parts of India such as Maharashtra and Gujarat are expected to witness double-digit growth rates for video surveillance in verticals like retail, business, and financial services,” said Manu Tiwari, Program Manager, Measurement & Instrumentation Practice, Frost & Sullivan. “While north India’s planned National Investment and Manufacturing Zones (NIMZ) corridors and freight corridors are driving strong revenue base anticipation from Government and manufacturing verticals, South India is ensured a healthy demand for video surveillance due to a booming service sector and large manufacturing companies. With not many enterprises based in the East, the growth is expected to be over a small base, hence, is relatively low."
 
To succeed in an evolving ecosystem, service providers should:

  • Provide flexibility in deployment models;
  • Offer a wide range of options such as live-only (real-time viewing) camera storage, on-premise storage, and cloud-based storage;
  • Ensure redundancy in the service to minimize downtime;
  • Provide a minimum of 15-20% cost savings to customers who invest in VSaaS; and
  • Enter into partnerships for market penetration.
 
“Currently, video surveillance is an under-penetrated market in India,” observed Tiwari. “To augment adoption, there is an urgent need to educate customers about security, surveillance, and analytics associated benefits to businesses.”

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

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Click here for Media Contact Details

Priya George, Corporate Communications – South Asia, Frost & Sullivan, +91-9840355432, +91 (44) 66814414, priyag@frost.com


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News Summary

Frost & Sullivan's "Indian Video Surveillance & VSaaS Market, 2017", analyses expected product growth rates, trends, technologies, emerging drivers, restraints, challenges, and a few top players in the dynamic surveillance market in India.