Delhi, India (PressExposure) May 29, 2009 -- Our new research report, "Global CCTV Market Analysis (2008-2012)â, anticipates that the global CCTV market will worth more than US$ 13 Billion in 2012, with a CAGR of over 27% during 2008-2012. The worldwide usage of CCTV surveillance equipments is particularly fueling growth in this market. Our research has found that the current market sphere is dominated by regions such as Americas and Europe, but the major growth will be seen in the Asia-Pacific region in the coming years.
We have also found that a variety of security system products such as Biometrics, RFID, Smart cards are available in the Asian market at present. However, the adoption of video surveillance (or CCTV) in the region is still very low, representing strong potential for video surveillance equipments both in terms of manufacturing and consumption.
The Asia-Pacific market for video surveillance equipments is forecasted to rise at a CAGR of above 12% in 2009-2012. This growth will be buoyed by the countries such as India and China owing to the rapid infrastructure development and increasing demand for public surveillance systems. Besides, the regional governments in both the countries are taking security far more seriously, recognizing the potential damage from terrorist attacks to businesses, tourism and foreign investment.
Our research has identified four key areas where security systems application is inevitable - residential security, public place security, workplace security and security of supply chains. The future of CCTV market in the Asia-Pacific region is very bright due to the robust growth in the emerging economies such as China, India, Taiwan and Vietnam. Anticipating the true market potential, we have done thorough analysis of various key CCTV market in the Asia Pacific region to help clients to understand the current and future market developments in these nations.
Besides, "Global CCTV Market Analysis (2008-2012)â gives breakup of the global video surveillance market on the basis of technology and product. The market includes a number of segments, such as conventional CCTV cameras, PC Card DVRs, IP cameras, Hybrid NVR/DVRs, and Embedded DVRs.
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