Smart cities to drive video surveillance market in India.
As the drive to build smart and secure cities gains momentum, the relevance of video-based surveillance to ensure safety at workplace and beyond has increased multifold, a senior executive of US-based data storage company Seagate has said.
According to a recent report from Ireland-based Research and Markets, India's video surveillance market is projected to grow at a compound annual growth rate (CAGR) of nearly 13 per cent during 2017-2023.
In 2016, Seagate conducted a survey in India, China, the US, Britain and Brazil which revealed that Indian organizations use 249 cameras on average for video surveillance on their premises.
The number is about the same as in China but significantly lower than in developed countries such as the US and Britain where enterprises use 349 cameras on average.
According to Sameer Bhatia, Country Manager, India and SAARC, Seagate, video surveillance has been around for a while now, but in recent years, the technology has truly grown mainstream in India," Sameer Bhatia, Country Manager, India and SAARC, Seagate, told IANS.
He further added the smart city initiative, where over 100 cities are to be developed for better connectivity and security, as well as the demand from the commercial sector are expected to drive India's video surveillance market over the next six years.
Internet Protocol (IP) video surveillance segment is registering key growth in the country and is rapidly outdoing the analog-based video surveillance segment.
New businesses in India today are looking at the IP camera manufacturers. IP video surveillance systems are highly flexible in providing access to footage from any remote location over the Internet, Bhatia added.
Seagate is closely working with the market leaders in the surveillance solution providers segment to develop best-in-class solutions that ensure customer data is safe and secure.
According to a recent report from Ireland-based Research and Markets, India's video surveillance market is projected to grow at a compound annual growth rate (CAGR) of nearly 13 per cent during 2017-2023.
In 2016, Seagate conducted a survey in India, China, the US, Britain and Brazil which revealed that Indian organizations use 249 cameras on average for video surveillance on their premises.
The number is about the same as in China but significantly lower than in developed countries such as the US and Britain where enterprises use 349 cameras on average.
According to Sameer Bhatia, Country Manager, India and SAARC, Seagate, video surveillance has been around for a while now, but in recent years, the technology has truly grown mainstream in India," Sameer Bhatia, Country Manager, India and SAARC, Seagate, told IANS.
He further added the smart city initiative, where over 100 cities are to be developed for better connectivity and security, as well as the demand from the commercial sector are expected to drive India's video surveillance market over the next six years.
Internet Protocol (IP) video surveillance segment is registering key growth in the country and is rapidly outdoing the analog-based video surveillance segment.
New businesses in India today are looking at the IP camera manufacturers. IP video surveillance systems are highly flexible in providing access to footage from any remote location over the Internet, Bhatia added.
Seagate is closely working with the market leaders in the surveillance solution providers segment to develop best-in-class solutions that ensure customer data is safe and secure.
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01-2026
