Top 4 Trends Leading The Indian CCTV Market
The Indian CCTV market is still young, but it has seen a significant upsurge in the past couple of years. According to the Mordor Intelligence, the CCTV Camera market will see an increase of CAGR of 22.35% during the forecast period of 2021 to 2026. Most of these CCTV cameras are installed by security agencies to keep track of the growing number of crimes in the country, especially against women. The CCTVs keep an eye on the crimes that occur in Indian cities and safeguard the interest of the citizens.
Insight into the Background of CCTV Cameras
If we talk about the CCTV Cameras used in the Indian market, more than 80% of the share belongs to the non-IP CCTV cameras. The IP or Internet Protocol-based CCTVs do not hold that much market share, as receiving and sending the videos is done through an IP network. However, in India non-IP division leads the segment because HD cameras are available in the Bullet, Dome, and PTZ camera categories. Here, Dome cameras dominate the market with 50% of the share.
If we see the bigger picture, these video surveillance devices are used in the market areas or commercial buildings, but homeowners are also opting for them for personal security. Property owners get the CCTV cameras installed to monitor their home 24*7 and get real- time access. Moreover, the country’s capital city, Delhi, has the most CCTVs installed and has surpassed the major cities like New York, London, and Shanghai. The uses of wireless CCTV systems are on the rise, whereas few homes and commercial buildings still opt for wired cameras because of their performance and functionality.
Tier 1 and 2 cities have higher usage of CCTV Cameras, and CCTV storage plays a crucial role in storing the data that can be used to track some untoward or illegal activities. Most storage devices range from 500 GB to 1 Terabyte and above nowadays. North India has a higher market than South and West Indian markets, only contributing 55% of the market share.
Several innovations have marked this market, and many trends have been introduced in this market in 2022 too. Read on to find more on that.
Trends that will Lead the Present-Day Indian CCTV Market
1. Use of Artificial Intelligence
AI is a genie used in almost every sector of the market. Indian companies are also not left behind, as many companies are looking forward to investing or have already invested in Artificial Intelligence and Machine Learning. 2022 will be the year to see the use of AI in the video surveillance or CCTV market sector. Indian AI market’s role in the CCTV sector has increased manifold, with over 116 million network cameras being shipped to generate almost 9 Petabytes of video data every day. The legislation and regulation of AI-based technologies are seen at India’s local and regional levels. Most companies install AI-based smart video cameras to capture the security integrators to get actionable insights. Artificial Intelligence is meant to optimize and enhance every aspect of video performance.
2. Monitoring Potential Threats
People will be using more CCTV cameras on their commercial and residential properties because of the potential threats and increase in criminal activities in the Indian cities. The video surveillance helps the owners get the due on the damages that the miscreants cause. They will be used more as recognition devices that will enforce the law and safeguard the properties of individuals. Delhi, the capital city, has more than 1,826 CCTVs installed per square mile to curb the potential threats. The cops claim that more than 75% of cases have been solved because of these closed-circuit television cameras.
3. Rise of 5G
Another trend has given rise to the use of CCTVs at home. Even people are switching to IP- based cameras because of the fast internet. Many private players have already entered this market in India, and smartphones that are 5G enabled are available for purchase. 5G can also help in curbing cybercrimes. The reason being 5G network has more traffic routing points and not the centralized hub design like 4G. It helps track the hackers’ location, and if your CCTV camera is being hacked, the law enforcement agencies will get an alert in real-time.
4. The Government will Hold a Maximum Share
The year 2022 will hold the Government’s maximum share in the CCTV market. The video surveillance cameras will enhance the safety of people, especially women and children. The IP cameras will be installed in Tier-1 and Tier-2 cities primarily because of a strong internet connection and high-quality images with audio.
Delhi and Mumbai have become the first two Tier-1 cities to get thousands of cameras installed, followed by Telangana, Gujarat, and Tier-2 cities like Punjab that will be using facial recognition devices to monitor potential threats. The Government will be setting up CCTVs in almost 50 railway stations under Nirbhaya Fund, costing INR 17.64 Crore.
The Indian CCTV market has seen a boom in the recent few years, and the capital city remains the highest recipient of these video surveillance cameras. Even a few cameras come with a Cloud storage feature. If you want to have a single stop to know all about CCTV, Surveillance HDD, visit Western Digital.