The technology transition from analogue CCTV systems to IP based solutions is a major trend, and in India IP based surveillance market is expected to grow at 45 per cent year on year.
An Electronics Bazaar report has unveiled the current trends in security and surveillance industry. The technology transition from analogue CCTV systems to IP based solutions is a major trend, and in India IP based surveillance market is expected to grow at 45 per cent year on year. “As this technology is evolving fast, the market will favour those players who will be able to support customers with latest IP based products,” says Ramesh Chopra, Vice Chairman, EFY Group. “Reports on current trends will help manufacturers as well as channel partners to focus their business and target the right segments,” he adds.
Apart from technological advancements, market trends show that verticals like small and medium enterprises (SMEs), small and medium businesses (SMBs) and small office home offices (SOHOs) are major segments driving the growth of security and surveillance products in India. Players have, therefore, shifted their focus on these segments, and are launching low priced products, keeping these segments in mind.
Some other trends witnessed in the security and surveillance industry are customers’ preference for integrated solutions; their preference for low cost but feature rich products; and along with advanced technology, customers are also giving importance to aesthetics of the product.
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