City surveillance projects - One driver of Indian CCTV market growth
Forecasts say city surveillance will be the fastest growing vertical market in the country over the next five years.
Source: IMS Research (IHS Inc.)
In a recently published market report “The Indian Market for CCTV and Video Surveillance Equipment,” IMS Research, recently acquired by IHS Inc., forecasts that city surveillance will be the fastest growing vertical market in the country over the next five years. Such city surveillance projects have received much media attention due to their size with projects typically involving thousands of cameras. However, suppliers should not overlook opportunities in other vertical markets. High growth in demand is also forecast in airports, banking and finance, and utilities and energy to name just a few.
Since the Mumbai terrorist attacks in 2008, city surveillance has become a high priority for India. Video surveillance equipment has been sold for a number of city surveillance projects in recent years, including Bangalore and Kolkata. Many more city surveillance projects are planned for the future. India has 28 states, most with a capital city and a number of other large cities, and video surveillance is being planned for many of them. Advanced plans for city surveillance are already in place for some, including Surat and Ahmedabad. A large project in Mumbai has been delayed many times, but is now expected to begin in late 2012.
According to Jon Cropley, principal analyst from IMS Research, “Planned city surveillance projects have received lots of press coverage due to their size. Five thousand cameras are planned for Mumbai alone. However, suppliers should not overlook the fact that many other vertical markets will grow quickly. For example, video surveillance revenues for Indian airports are forecast to almost quadruple between 2011 and 2016.”
Unlike the more developed video surveillance equipment markets of Europe and North America, India was far less impacted by the recent economic downturn. With a growth rate averaging more than 20 percent over the next five years, India will continue to offer suppliers solid growth opportunities as more established and mature video surveillance markets continue feeling the impact of economic uncertainty.
- Related News:
Saudi Arabia – A fast growing market for video surveillance equipment - 29.05.2012 11:15- BRICs bolster global video surveillance market growth in 2012 - 21.05.2012 08:00
- Branch circuit monitoring, overhead busway to drive growth for data center power distribution - 16.04.2012 11:03
- IT rack, enclosure market to grow to $2.6 billion in 2016 - 11.04.2012 11:34
- From Sapphire to Lumens, conference will bring unparalleled coverage of the LED lighting, backlighting markets to display week 2012 - 11.04.2012 10:11
- 400 million 'smart home energy management' devices to present major opportunities for connectivity semiconductor suppliers - 05.04.2012 10:07
- Global PV installations to grow by 21% in 2012 - 04.04.2012 10:16
Case Study Database
Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.
2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.