Security concerns driving video surveillance market

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Security concerns driving video surveillance market

As more and more businesses shift their operations to India or outsource their work from this hub, there is a need to provide world-class features and facilities

Deepa Damodaran

Thursday, December 18, 2008

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The road ahead
"Looking at the current growth potential of these products in India, we expect global surveillance solution vendors to enter the Indian market, which might bring in some sophisticated technology products," Khera avers.

From demand side, India offers huge opportunity for local and foreign vendors. In Asia, China and India are hot markets for video surveillance equipment. From supply side, India has talent pool, which can be trained and well utilised in the industry. One of the challenges in the industry is lack of networking/security expertise. India is well placed to face it.

Western Europe and the US markets are relatively mature while India still possesses great growth potential. The key difference between India and the west is the force behind growth in these markets.

"The ability to monitor a location from anywhere in the world will facilitate greater adoption of IP-based CCTV in the coming years. The increased adoption of Internet in India is expected to facilitate this further," Khera signs off.

The industry is sure to face a set back due to the current global recession, but then hopes are always high. And once awareness is in place, it will definitely set the adoption ball rolling.

©CIOL Bureau

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