2013-01-09 15:49:31 - Indian electronic security market dominated by video surveillance

The Indian electronic security market is estimated to be US$450 million and will grow at an annual rate of 25% over the next four years.India is one of the world´s largest economies with a population of over 1 billion people with increasing security needs.With rapidly increasing urbanisation, economic liberalization and criminal activities at different levels of the society, terror threats and especially after the 26/11 bombing there is a clear need to deploy and upgrade the security infrastructure to more modern and sophisticated equipment across the country.The major product categories of the Indian electronic security market break down with video surveillance in the lead with $250 million, followed by access control at $140 million, intrusion alarms at $10 million and

 

 

other peripherals at $50 million.The growth in the Indian market has come with the growing awareness among different end user segments.The Indian security market is witnessing immense growth from sectors such as city surveillance, public transport, hospitality, airport security, BFSI, retail, BPO, manufacturing, college campuses, infrastructure companies and education. The government, in general, is the biggest segment in terms of volume demand.Key players currently dominating the Indian electronic security market include Bartronics India, Zicom, Honeywell and Axis Communication.The future of the Indian electronic security market is pointing towards integrated security solutions, created by integrating multiple systems, including video, intrusion, video analytics, fire, access control, HVAC, chemical and biological sensors, etc. Such systems would offer actionable intelligence and decision support to the organisation.For more information on the Indian electronic security market, see the latest research: Indian Electronic Security MarketFollow us on Twitter @CandMResearch

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