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Noida, Uttar Pradesh, India, 2011/03/05 - Rising security concerns combined with an increase in technological innovations, including the migration to digital, fully networked systems will fuel the growth in CCTV market.
The US video surveillance market is witnessing rapid expansion due to the rising security concerns combined with an increase in technological innovations, including the migration to digital, fully networked systems. The need to stay protected against terrorism has also been a crucial driver after the 9/11 attack on the US.
According to our research report “Global CCTV Market Analysis (2008-2012)”, current market leader, i.e. the US will lead the global CCTV market accounting for around 29% of the total market till the end of 2014. CCTV cameras are widely used at public places in the United States. Video surveillance has also gained popularity in shopping malls due to security reasons and rising incidences of shoplifting. Besides, offices and public places, these security cameras are used in homes in the US.
Increased applications of CCTV in public areas, such as retail outlets, port security, and regional airport security, are important growth areas for the CCTV market. Besides, the country’s education market for security equipment is far from saturation, with a large number of schools still managing without security equipments, which suggests that there will be host of opportunities for security vendors to sell into this market in the coming years.
Our report found that, the increased efficiency of CCTVs is also playing an important role in inflating their demand. They help in patrolling numerous areas, resulting in the reduction in deployments of security personnel. The main advantage of CCTV is that they are able to see incidents as they occur. This information can be used to either coordinate an effective and appropriate response or to conserve resources by aiding in determining that no response is necessary.
“Global CCTV Market Analysis (2008-2012)” analyzes the global CCTV market including country level study of the US, Canada, the UK, Germany, Italy, Russia, China, Thailand, Malaysia, Taiwan, India, Latin America, and the Middle East. The report also provides potential growth areas and roadblocks for the global CCTV market. The report clearly mentions the future trend of CCTV market in different countries to help clients taking prudent investment decision.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.