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due to their size. Five thousand
cameras are planned for Mumbai
alone. However, suppliers should
not overlook the fact that many
other vertical markets will grow
quickly. For example, video
surveillance revenues for Indian
airports are forecast to almost
quadruple between 2011 and
2016."
Solid growth opportunities
Unlike the more developed video
surveillance equipment markets of
Europe and North America, India
was far less impacted by the recent
economic downturn. Accord-
ing to IMS, with a growth rate
averaging more than 20 percent
over the next five years, India will
continue to offer suppliers solid
growth opportunities as more
established and mature video
surveillance markets continue
feeling the impact of economic
uncertainty.
Since the Mumbai terrorist attacks
in 2008, city surveillance has
become a high priority for India.
Video surveillance equipment has
been sold for a number of city
surveillance projects in recent
years, including Bangalore and
Kolkata. Many more city surveil-
lance projects are planned for the
future. India has 28 states, most
with a capital city and a number
of other large cities, and video
surveillance is being planned for
many of them. Advanced plans
for city surveillance are already in
place for some, including Surat
and Ahmedabad. A large project
in Mumbai has been delayed
many times, but is now expected
to begin in late 2012.
5,000 cameras
According to Jon Cropley, prin-
cipal analyst from IMS Research,
"Planned city surveillance projects
have received lots of press coverage
security
technology market
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CitysurveillanceprojectdrivesIndianCCTVmarketgrowth
Wellingborough, UK
City surveillance will be the fastest growing vertical
market in India over the next five years. Such city
surveillance projects have received much media atten-
tion due to their size with projects typically involving
thousands of cameras. However, suppliers should not
overlook opportunities in other vertical markets. This
prediction is made by IMS Research in a new market
report.
"Western Europe is
projected to be the
largest drag factor im-
pacting global market
growth in 2012."
to grow in excess of 20 percent in
2012 (year-on-year)".
Tipping point in 2013
Rapidly increasing traction for net-
work video surveillance equipment
in the BRIC countries is forecast
to lead to an acceleration to the
tipping point, when network video
sales will overtake analogue CCTV
sales. IMS Research forecasts that
the world market for video surveil-
lance equipment will tip in favour
of network video in 2013.
in China, India and Russia will
be key drivers for growth in
these countries. Currently the
BRIC market is estimated to
represent approximately 30
percent of global video surveil-
lance spend. This is projected to
increase to more than 40 percent
of global spend in 2016. Whilst
only low single digit growth is
forecast for some of the more
established markets for video
surveillance equipment, the ag-
gregate BRIC market is forecast
Strong growth
in the BRIC countries
Despite the dampening effect of
the Eurozone debt crisis, strong
growth is forecast for the global
video surveillance equipment
market in 2012. Wong states,
"The global market will be driven
by strong demand for video
surveillance equipment in the
BRIC (Brazil, Russia, India and
China) countries." Infrastructure
development in advance of major
sporting events in Brazil and a
heavy focus on city surveillance
Senior Analyst and report author,
Gary Wong, states; "Western
Europe is projected to be the larg-
est drag factor impacting global
market growth in 2012. The
Eurozone debt crisis is expected to
depress growth in Western Europe
as austerity measures continue
to be implemented and a lack of
end-user confidence limits video
surveillance equipment spend.
Spain, Italy and Greece are fore-
cast to be the three slowest grow-
ing European markets for video
surveillance equipment in 2012."
despite the weak and uncertain economic climate, the
world market for video surveillance equipment will
grow in excess of 12 percent in 2012. This forecast is
made by IMS research in its world Market for CCTV
and Video Surveillance equipment report.
BRICsbolsterglobalvideosurveillancemarketgrowthin2012
Wellingborough, UK
With a growth rate averaging more than 20 percent over
the next five years, India will continue to offer suppliers
solid growth opportunities.