In the APAC video surveillance market, China, Japan, India and South Korea are the key revenue-generating countries 6Wresearch has recently published a new report titled: Japan Video Surveillance Market (2017-2023). The report provides an in-depth analysis, with 82 figures and 20 tables covered in more than 115 pages, giving an estimate and forecast for Japan’s video surveillance market by surveillance types, verticals and regions. The report also gives insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints. Video surveillance market growth In the Asia-Pacific video surveillance market, China, Japan, India and South Korea are the key revenue-generating countries. Video surveillance market growth in this region is buoyed by several factors, such as growing crime rate, data thefts supported by increasing remote monitoring, growth in public infrastructure and IT spending, government initiatives and increasing security spending. The rise in global terrorism has further escalated the installation of video surveillance systems in several APAC countries. As one of the largest markets for video surveillance systems, Japan is also registering potential growth owing to the shift in demand from analogue to IP video surveillance systems. Rise in global terrorism According to 6Wresearch, Japan’s video surveillance market is projected at a CAGR of 8% from 2017 to 2023. Apart from growth in demand for IP video surveillance systems, Japan is observing an increasing record of video surveillance system installation, which is attributed to concerns regarding a rise in global terrorism. Japan has stepped up its security across airports, metros, maritime, public infrastructure, and across all borders, including both land and sea. "An estimated $4 billion service budget for transport, security and other miscellanea is expected to be spent in the coming years" According to Rajat Kharbanda, Senior Consultant, Research and Consulting at 6Wresearch, the Japanese market recorded potential growth in demand for dome IP cameras, primarily across various verticals, followed by bullet IP cameras for public infrastructure and transportation verticals. “Moreover, retail and hospitality verticals are also contributing significantly towards the growth of Japan’s video surveillance market, owing to a rise in crime related to data and property thefts. Transition towards IP surveillance technology is also spurring the demand for video surveillance systems, principally in hotels and several convenience stores and shopping malls and outlets”, Rajat has pointed out. Increased safety and security spending According to Prijo Samuel, Assistant Research Manager, Research and Consulting at 6Wresearch, increased government spending on safety and security, coupled with the upcoming Tokyo Summer Olympics and Paralympics games in 2020, would accelerate the market of security systems in several verticals. “According to the International Olympic Committee (IOC), an estimated $17 billion budget has been proposed for the upcoming events. Also, an estimated $4 billion service budget for transport, security and other miscellanea is expected to be spent in the coming years. These expenditures would fuel the installations of video surveillance systems over the forecasted period,” Prijo further added.
Hikvision, CP Plus, Dahua, Axis Communications, Honeywell and Panasonic accounted for 78% of the total market in 2015 India has emerged as one of the most promising markets for electronic security systems in last six years. Amongst all electronic security systems, video surveillance systems have captured key share of the market. Video surveillance market in India has increased tremendously in recent years on account of rising security concerns, primarily related to terrorism threats and increasing crime rates. Additionally, India’s video surveillance market is also driven by increasing IT spending coupled with government initiatives. India video surveillance market to grow 13 percent According to 6Wresearch, India video surveillance market is projected to grow at a CAGR of over 13% from 2016 to 2022. Until 2015, analogue video surveillance systems captured majority of the market demand owing to low cost and ease of installation. However, analogue video surveillance systems market is gradually becoming matured and is being overtaken by IP surveillance systems. According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, “IP video surveillance segment is expected to overtake analogue video surveillance segment over the next six years attributed to declining prices, higher flexibility, scalability, remote accessibility and rising IT infrastructure. “In addition to, the government & transportation and banking verticals are shifting highly towards IP video surveillance systems in order to prevent major security threats,” Rajat further added. Government & transportation vertical accounts for major revenue According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, “Amongst major verticals, government & transportation vertical accounted for major revenue share on account of deployment of these systems for city surveillance and to secure public transportation network, followed by commercial offices, banking and others. “Additionally, in terms of value, players such as Hikvision, CP Plus, Dahua, Axis Communications, Honeywell and Panasonic cumulatively accounted for over 78% of the total market in 2015,” Samuel concluded. The major companies in India video surveillance market include- Axis Communications, Bosch Security Systems, CP Plus, FLIR Systems (DVTel), Hikvision, Hanwha Techwin (Samsung), Honeywell, Panasonic, Pelco, Sony, Dahua and Zicom.
Indonesian government to deploy 6,000 security cameras in Jakarta which would spur the growth of the market Indonesia has remained one of the most promising markets for electronic security systems in Southeast Asian region. In overall Indonesian electronic security market, video surveillance systems have captured key share of the market pie. Rising security concerns, increasing government security spending, surging IT infrastructure and spending have led for the growth of video surveillance systems in Indonesia. Around 6,000 security cameras to be installed in Jakarta According to 6Wresearch, Indonesia’s video surveillance market is projected to reach $203.14 million by 2022. With recent bomb attacks in the Jakarta city, government has taken initiatives to deploy video surveillance systems for city surveillance. The government is planning to deploy around 6,000 security cameras in Jakarta alone, which would spur the growth of the market. Further, booming construction and tourism industry, surging commercial sector, new infrastructure and transportation projects would provide necessary boost to the market demand. According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, “Analogue video surveillance systems accounted for majority of the revenue and volume shares in Indonesian market owing to low pricing and ease of installation. However, by 2022, IP video surveillance segment would lead the overall market in terms of revenue.” Need for IP video surveillance rises “Declining prices, improved image quality, better remote monitoring capability, higher demand for scalability and development of new infrastructure in major cities are some of the reasons that would fuel IP video surveillance segment market,” Samuel further added. According to Rishi Malhotra, Research Associate, Research and Consulting, 6Wresearch, “Amongst all verticals, commercial office, government and transportation and banking & financial are the leading revenue generating verticals in the Indonesian market. These verticals would register growth on the back of surging number of ATMs, bank branches, commercial offices and various public infrastructures.” “Upcoming 2018 Asian Games, Mass Rapid Transit project, Light Rail Transit project, expansion and construction of new airports, seaports, SEZ, toll roads, railways and industrial estates would drive the market for video surveillance systems in Indonesia”, Rishi concluded. The major players in Indonesia video surveillance market include - AvTech, Axis Communications, Bosch Security Systems, Dahua, Hikvision, Hanwha Techwin (Samsung), Honeywell, Mobotix, Panasonic, Peclo by Schneider, and Vivotek.
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