Increasing security concerns in response to rising terrorist activities and violence are creating demand for video surveillance applications; correspondingly, global CCTV market is projected to grow 23% by 2012.
NEW DELHI, INDIA, The emergence of new hi-tech surveillance system technologies such as IP-based CCTV has improved the growth prospects of the global CCTV market, which is expected to surge at a CAGR of about 23% during 2008-2012, says "Global CCTV Market Analysis (2008-2012)", our new research report.
According to the report, rising demand for security appliances in various regions, increasing terrorist activities and unfortunate events such as the school violence in North America are creating a high demand for hi-tech video surveillance applications in transits, educational institutions, city centers and borders. For instance, in the wake of terrorism incidents, violence and vandalism, the awareness level for installing video surveillance equipment has reached an all time high across Europe. Consequently, people are increasingly emphasizing on their personal security and using enhanced security and safety equipments available in the market. This is resulting in high growth in the video surveillance market in European countries.
Though Europe is experiencing a tangential growth in the global CCTV market, the biggest contributor is the Asia-Pacific region. The strong growth in CCTV markets of the Asia-Pacific region is primarily attributed to rapid development in major economies such as China, South Korea, Singapore and Taiwan. Many of these economies have witnessed a marked change in their social structure, like both parents in many families are working and the number of nuclear families is increasing, creating the need for effective security applications. Therefore, rising demand for security is infusing growth in the CCTV surveillance market across the globe.
Our research report "Global CCTV Market Analysis (2008-2012)" gives an in-depth research and quality analysis on the current performance as well as future prospects of the CCTV market at global and country level. It projects future growth of the market after thoroughly evaluating the base drivers such as security needs and technological developments, helping clients to understand the opportunities and factors critical to the market success.
The report gives forecast on CCTV market by technology, CCTV market by region, IP camera market, CCTV semiconductor market, retail sales, and video surveillance software market.
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