India Video Surveillance Market Size (2024 - 2029)

India Video Surveillance Market Analysis

The India Video Surveillance Market size is estimated at USD 4 billion in 2024, and is expected to reach USD 6.40 billion by 2029, growing at a CAGR of 10.10% during the forecast period (2024-2029).

• After independence, India inherited historical territorial conflicts with the disputes that would lead to devastating terror attacks. To counter such terror strikes, India emanated expansion and modernization of its security forces as well as police organizations, which also included the integration of technologies such as video surveillance. Similarly, crimes can come from internal sources in many other nations, including citizens or visitors. Therefore, the video surveillance market is additionally driven by the need to provide a safer environment in cities and urban areas.
• As per The Wire, several Indian cities, including Delhi, Chennai, and Hyderabad, are among the world's most surveilled cities. Notably, almost 91.1% of CCTV cameras installed in the country are present only in these four cities. Incidentally, Indian cities with high surveillance also have higher crime indices. For instance, the NCRB data indicated a 9% increase in crimes against the elderly registered in the country in 2022 compared to 2021.
• Surveillance through CCTV coverage has often been regarded as an important medium to reduce and monitor crime in urban spaces. On the contrary, according to the more recent coverage of the 2021 Forbes report, even the most surveilled cities in the country may still be among the least safe, such as Hyderabad’s crime index standing at 42.9, implies that CCTV surveillance does not largely affect the rate of crime in a locality. It is essential to understand the perception of safety that the installation of CCTV cameras facilitates in effectively addressing the threat of mass surveillance inherent under CCTV coverage and countering any misconceptions that arise.
• Moreover, CCTV and IP video surveillance are quickly evolving the norm in public spaces as emerging video surveillance tools permit greater networking of cameras, cheaper access, greater fields of vision, and come with a host of tools such as tracking, facial recognition, and vehicle tracking.
• However, the unregulated usage of CCTV leads to the movement of public data and citizens' activities, which can be subject to interference and gross misuse. As mentioned, CCTV surveillance in public spaces can be utilized to identify and target protestors who can suppress collective action and political dissent. Consequently, any number of dissenters can also violate the constitutional right to freedom of speech and expression and the right to protest.
• There is still a huge demand for safe city projects in India to ensure public safety, thus driving the demand for video surveillance. With the successful deployment of surveillance and smart city projects in several Indian cities, more areas are expected to adopt similar video surveillance systems with central control rooms equipped with high-end large video wall solutions to monitor minute details. Emerging technologies in video analytics, biometrics, face recognition, and CCTV are becoming equally important for city surveillance monitoring and analysis, and these requirements provide huge opportunities for US companies.

India Video Surveillance Industry Segmentation

Video surveillance systems contain one or more video cameras connected to a network that sends the captured video or audio data to a specific location. The captured images are monitored in real-time or sent to a central location for recording and storage. Many applications, such as crime prevention, industrial process monitoring, and traffic management, increasingly utilize video surveillance systems.

The Indian video surveillance systems market is segmented by type (hardware [camera [analog, IP cameras, and hybrid], storage], software [video analytics, video management software], and services [VSaaS]) and end-user vertical (commercial, infrastructure, institutional, industrial, defense, and residential). The market sizes and forecasts are provided in terms of value (USD).