India CCTV Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
India CCTV market is expected to register a CAGR of 22.35% over the forecast period from 2021 - 2026. Terrorism is undoubtedly a significant issue in India, especially in the light of the numerous terrorist attacks over the last twenty-five years. With a population of over a billion people and high levels of mass poverty, multiple religions, languages, and ethnicities, security is a significant threat in India. As such, Indian law enforcement agencies need tools that aid them in tackling crime and terrorism in the country. Such devices can include efficient CCTVs, which are being used by law enforcement agencies around the world. There is an increasing concern in India about the growing number of crimes against women. The amount of cases reported in the media depicts an alarming situation. However, the growing number of crimes against women reflects a dangerous trend in Indian cities, which requires the need for robust surveillance in the form of CCTVs to be equipped in the cities.
Key HighlightsIndia CCTV market is fragmented due to the presence of significant players, such as Aditya Infotech Ltd. (CP Plus GmbH & Co KG), Videocon Industries Limited, D-Link India Limited, Godrej Security Solution, Honeywell Commercial Security, Axis Video Systems India Pvt Ltd., etc. Technological advancements in the market are also bringing considerable competitive advantage to the companies, and the market is also witnessing multiple mergers and partnerships.
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