The global CCTV market is expected to grow at a CAGR of more than 12% during 2015-2020, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 01/30/2015 -- Global CCTV market is expected to experience a healthy growth in coming years with the increasing concern for security, safety and transition from a conventional base that's typically financial, insurance, and IT related to the construction, transportation, and education base. Development of provincial economies assisted by various infrastructure segments such as roads, telecommunication systems and airports create immense opportunity to homeland security and public safety systems. It is anticipated that, growth of Chinese security market will enhance the global CCTV market in coming years.
According to our latest report "CCTV Market Outlook 2020", increasing number of airports followed by hospital and health institutions creating huge demand for improved security mechanism in China. Surging tourism and increasing air cargo volume also creates an upgraded security technology for better security and safety around the country. Besides, growing demand for latest and upgraded security systems in supermarkets and shopping malls and deploying video surveillance systems for national security and defense will further enhance the country's CCTV market. This will encourage the global CCTV market and it is anticipated that global CCTV market is expected to grow at a CAGR of more than 12% during 2015-2020.
The report provides comprehensive analysis and unbiased view of current status and future growth prospects of the global CCTV market. The research includes study of CCTV market by technology, components, services and regions. Besides that, the report provides a geographical picture of the CCTV market in five regions viz. North America, Europe, Asia, Latin America and Middle East. Additionally, through country level analysis, the report depicts the CCTV market in major countries like US, Canada, UK, China, India etc., which includes study of market size, player's level analysis, government initiatives and recent developments.
Further, the report includes the growth prospects of CCTV in retail, healthcare, education, transportation and banking sector. In the end, the report concludes with a competitive analysis of key market players, providing business overview of each player along with its key financials. In addition, it elucidates key developments of players related to video surveillance which enable clients to formulate market strategies and assess the opportunity areas in key geographies.
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