Rising security concern and initiatives taken by the governments in many countries will fuel growth in the coming years, says RNCOS.

Noida, UP -- (SBWire) -- 02/09/2011 -- According to our research report “Global CCTV Market Analysis (2008-2012)”, Asia is projected to represent the world’s largest CCTV market, constituting around 48% of the global CCTV market at the end of 2010, followed by Americas and Europe. As per the analysis, rising security concerns and economic growth in numerous Asian countries (China, India, Singapore, and Taiwan) are driving the region’s CCTV surveillance market. Many of the Asian countries are experiencing change in social hierarchy due to an increase in the number of working parents and increase in the number of nuclear families, which is further contributing to the increased security needs in these countries.

Governments in the Asian countries are also taking security far more seriously, recognizing the potential damage that terrorist attacks can cause to businesses, tourism, and foreign investments. The four key areas where security systems play key role are residential security, public place security, workplace security, and security of supply chains. Various security system products, like RFID, biometrics, smart cards and video surveillance are currently available in the Asian market. Moreover, due to the reduction in prices of video camera, the overall cost of CCTV-based security system package is decreasing in Asia, making it more competitive in the security system market.

According to the report, markets for conventional video surveillance technology in the US and Europe have reached maturity; Asia still remains in the late stages of growth and thus offers strong potential for video surveillance equipments, both in terms of manufacturing and consumption. However, IP based surveillance systems have yet to grow as the video surveillance market is undergoing a transition phase from analogue video to IP video. Further, manufacturers around the world are making intelligent products having features like, image tracking, image recognition, response/alert systems; adoption of IP cameras has flared up significantly.

“Global CCTV Market Analysis (2008-2012)” provides detail analysis of the global CCTV market by technology and by region. The report also details country wise developments including the US, Canada, the UK, Germany, Italy, Russia, China, Thailand, Malaysia, Taiwan, India, Latin America, and Middle East, in terms of video surveillance market around the world. The report aims at providing the most accurate forecasting and future growth prospect for clients.

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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.