Noida, India (PressExposure) January 05, 2010 -- Rising instances of security breaches, such as J.W. Marriott Hotel bombing, attack on the Indian parliament, and train bombings in Madrid, have reinforced the need to invest in security market, including video surveillance or CCTV market, across the globe. These emerging security needs are propelling the growth of the CCTV market worldwide. As per our recently updated research report "Global CCTV Market Analysis (2008-2012)", global CCTV market is forecast to grow at a CAGR of over 20% from 2010 to be worth around US$ 23 Billion by 2012 end.
We have done extensive research on the CCTV market across the world and have carried out detailed analysis of the major geographical regions of the world like Americas, Europe and Asia from the perspective of CCTV market. After studying the current trends, we have concluded that Asia will dominate the global CCTV market, accounting for a share of over 45% by the end of 2012. We have highlighted and analyzed various factors that will make the Asian region the fastest growing CCTV market in the world.
Our research also identifies various countries in the region that will drive the future growth of the CCTV market in Asia through 2012. Various countries that have been covered in our research include India, China, Thailand, Malaysia, Singapore, Indonesia, Philippines, Taiwan and Australia. Our research provides country-level analysis by exploring the future market trends in each country. Our country-level analysis projects that countries like India, Malaysia, China and Thailand will dominate the regionâs CCTV market by growing at CAGR of over 30%, around 30%, over 27% and over 15% respectively between 2010 and 2012.
"Global CCTV Market Analysis (2008-2012)" predicts the future direction of the market that is based on the growth of base drivers, like security needs and technological developments, thus helping clients to analyze the opportunities and factors critical to the market success. Besides this, our research also highlights certain problem areas that might hamper the future growth of the global CCTV market.
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