Predictions for Home Security Camera Market 2017-2021

Surveillance cameras across the globe closely monitor the behaviour and daily actions of people in order to manage, direct, and protect them. Electronics based security systems, such as the closed-circuit television (CCTV), are heavily utilized to perform surveillance jobs from a moderate distance. These equipments are primarily used by different government and private agencies to serve the purpose of intelligence monitoring, prevention of crime, protection of masses or infrastructure, and most importantly for the investigation of different types of crimes.

security surveillance camera

The analysts at Technavio’s have recently forecasted the global homeland surveillance market to rise up at a CAGR of 7.33% during 2017-2021. The report comprehensively covers the existing scenario and the rising prospects of the security surveillance market for 2017-2021. To evaluate and calculate the total market size, the report takes into consideration the overall revenue which is generated from the retail sales of hair-care products to individual consumers and other saloon-like establishments.

The report also points out some key market driving factors

  • Rapidly growing inclination towards public place protection
  • Issues and concerns associated with quality parameters of surveillance data
  • Integration of internet protocol (IP) technology in security surveillance camera

In the past 10 years, the market of surveillance camera for home security in India has almost doubled, and is expected to register a massive 200% growth by the year 2020. There was a time when these digital solutions in India were used only by some specific bodies like banks, jewelers, private detectives and investigators. But, now with easy availability and the growing awareness among the people towards security concerns, almost each and every person is making use of them.

When the cost of these devices is compared with those available 10 years ago, a drastic downfall in the prices is easily observed. The growing competition among manufacturers and suppliers is the main cause behind this. As per a simple rule of economics, the cheaper you offer, the more you sell. Now even a small shopkeeper in India can very easily afford these digital devices to serve his purpose.

On the whole, the demand for the Best Home Security Camera System in India is always on the rise, and to meet this challenge, a large number of companies have come into foray. These companies are offering their products with unmatched after-sales support, extended warranties, and annual maintenance services. Now, these devices are being considered as an unavoidable necessity one can’t do without. An independent research on the internet can help you find the best company and products to serve your purpose. After reading reviews, visiting forums, and other users’ feedback, you will surely be able to make the right kind of buy to serve your safety and monitoring purpose.

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Author: Sameer Pathak

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