Noida, India (PressExposure) October 22, 2009 -- Rapidly increasing urbanization and economic liberalization have had both positive and negative impact on the Indian society. When we consider the negative impact, there has been an increase in crime rate at all levels of the society. This economic development and security threats have been, and continue to be, the largest factors contributing to the growth of security systems industry. Falling prices of electronic systems is the second most critical factor boosting the Indian electronics security industry.
According to our new research report âIndian CCTV Market Analysisâ, Indiaâs electronic security market has seen growth at 30%-35% annually in recent years. A couple of terrorist attacks in the past have fueled up the demand for 24x7 surveillance mechanism in the country. Our report indicates that CCTV will continue to lead the overall market by accounting for around 39% share in the Indian electronics security market by 2012 end.
Our report finds that rapid growth in sectors such as telecom, ports, airports, aviation, railways, roads, energy, construction and retail, coupled with the influx of multinational companies, have been driving demand for safety and security equipments in the country. Growth has particularly been seen in the CCTV market which is estimated to grow by around 40% in 2009. Apart from this, the government agencies are gearing up to install video surveillance systems at public places and sensitive government buildings.
âIndian CCTV Market Analysisâ contains an extensive research and rational analysis of the CCTV market in India. It offers comprehensive study of the factors which are driving up the demand for CCTV surveillance systems in the country coupled with the steps taken by the government to deal with security threats. The report briefly explains the electronic security market demand in various end-user segments and how is it important for the CCTV players. Besides, the report talks about key geographical market where demand for surveillance systems will boom in near future along with analysis of key players in the Indian CCTV market.
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