The digital video surveillance systems market is growing significantly, boosted by heightened public and private security concerns as well as a technology shift. The security industry is converging with information technology slowly and gradually transitioning to IP-based video surveillance systems. Video analytics is another technology that is rapidly advancing in surveillance systems.
Video surveillance has proved to be an effective measure as a crime deterrent and is being globally adopted by security and law enforcement agencies. The adoption by commercial establishments has also picked up as they it as a tool to control thefts and increase productivity. The digital video surveillance systems market is growing rapidly not only in terms of technological advances, but also in adoption of new applications. The number of cameras deployed is anticipated to be high along with the increasing security budgets for government and private sector organizations.
As per IMS Research the Indian video surveillance market is one-tenth the size of the Chinese market — US$165 million in 2010. However, much of China's growth is fuelled by its government's desire to watch over its population. It is unlikely India has the political or financial motivation to deploy large-scale public surveillance projects, reducing potential video growth. Video surveillance spending typically follows infrastructure projects, and India is no exception. There will be sustained investment related to roads, airports and railways.
A sad reality of terrorist attacks has heightened the need for security and protection. While it is difficult to assess the budget for video surveillance, funds will be earmarked for transportation and critical infrastructure. India has potential for video surveillance. However, the Indian tiger won't slay the Chinese dragon in terms of market size for some time to come.
@Rohit Jain- Omnipolis
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