| Rising Security Concerns to Spur Demand for CCTV Cameras | | Global CCTV market is projected to grow at a CAGR of around 21% during 2011-2013, says RNCOS in its latest research report. | | Posted on : NetForce Press (23 June, 2011) | | | |
According to our report “Global CCTV Market Analysis (2008-2012)”, the global CCTV market has been witnessing significant growth for the past few years on the back of rising concerns for security and safety across the globe. This, in turn, has resulted in the increased demand for technically advanced CCTV camera, thereby creating huge growth opportunities for CCTV camera manufacturers, operators, and distributors. Moreover, the global CCTV market is anticipated to reach around US$ 19 Billion by the end of 2013, growing at a CAGR of around 21% during 2011-2013.
At the regional front, Asia is expected to have significant share in the global CCTV market by 2013 end, accounting for over 34% of the total market. Rapid industrialization and economic liberalization in developing countries, such as India and China, have posed a great challenge to their societies for security concerns. Increasing terrorist activities and attacks have created strong demand for advanced safety and security solutions.
Besides, our report covers the major CCTV markets including the US, Canada, the UK, Italy, Germany, Russia, China, Thailand, Malaysia, Taiwan, India, and Brazil. It is anticipated that, these markets will drive future demand for CCTV and security devices. Various factors, which will infuse growth in the CCTV industries of these economies, such as high concentration of CCTV cameras, huge spending by the retail sector on CCTV, etc. have been explained in the report.
Our report “Global CCTV Market Analysis (2008-2012)”, offers an extensive research and rigorous structural analysis of the CCTV industry to help clients gain an in-depth understanding of the prevailing market trends and developments going on across the world. Various factors that will drive the IP technology market in near future have been also covered in the report. Besides, our research provides technology-wise and product-wise breakup of the video surveillance equipments market. Most importantly, the report contains industry forecast based on the correlation of past data, current market trends, and opportunities for future expansion in each country. It also discusses the factors, which could pose challenges to the market along with the reason that may sustain the industry growth momentum in coming years.
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About RNCOS:
RNCOS 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. |
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