Market Growth in Surveillance Industry

In 2013 alone the surveillance security systems and equipment market in India earned a revenue of $300 million. These figures were in accordance to the reports published by the IHS Inc. (NYSE: IHS) that was titled as “The Market for CCTV and Video Surveillance Equipment.” Their forecast for the next 5 years showcases only growth, which is a good sign! After the new Government of India was elected in 2014, there has been an emphasis on security systems and the need for it as a nation. Smart city plans, traffic surveillance, education institutions and railways are some areas where video surveillance is a few public projects that the Government is looking to reform. Plans in these sectors have already been announced. Although the Indian market does pose a few complexities. One of them is opposition from other political parties who might not approve funding or there could be changes in priorities. One such example is the Mumbai surveillance project that has been a high priority proj
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