Noida, UP India (PressExposure) August 17, 2011 -- According to our report, "Global CCTV Market Analysis (2008-2012)", the global CCTV market has been witnessing significant growth for the past few years on the back of rising concerns for security and safety across the globe. This, in turn, has resulted in the increased demand for technically advanced CCTV camera; thereby creating huge growth opportunities for CCTV camera manufacturers, operators, and distributors. Moreover, the global CCTV market is anticipated to grow strongly in the coming years.
As per our findings, the CCTV market in Europe is going strong, with rising awareness and adoption of IP solutions serving as main drivers for the growth of the market. Proactive systems that are proficient to perform intelligent analysis are driving the demand for network cameras and recorders. Growing requirement of protection will continue to propel the market in future. Thus, the European CCTV market is expected to grow at a CAGR of around 17% during 2010-2013.
Apart from Europe, our report covers the other major regions like Asia and America. It is expected that, Asia will gain significant share in the global CCTV market by 2013 end, close to Americas and European market. Developing countries, like India and China with huge population base will be the key drivers in the Asian market. Additionally, three major economies Malaysia, Thailand, and Taiwan will be the key drivers for CCTV growth in the region.
Our report, "Global CCTV Market Analysis (2008-2012)", offers an extensive research and rigorous structural analysis of the CCTV industry to help clients gain an in-depth understanding of the prevailing market trends and developments going on across the world. Various factors that will drive the IP technology market in near future have been also covered in the report. Besides, our research provides technology-wise and product-wise breakup of the video surveillance equipments market. Most importantly, the report contains industry forecast based on the correlation of past data, current market trends, and opportunities for future expansion in each country. It also discusses the factors, which could pose challenges to the market along with the reason that may sustain the industry growth momentum in coming years.
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