As the Information Technology (IT) Industry and the Security Industry continue to merge, IP Surveillance systems are being changed forever. Surveillance systems today are smarter and more sophisticated, yet easier to use than ever before. They offer endless possibilities regarding integration, expansion, access, and location. The future of security and surveillance is Internet Protocol (IP) Surveillance or Network Video.
IP Surveillance, or Network Video, is a security surveillance system or remote monitoring system, that allows recording and viewing over an IP network (LAN/WAN/Internet). IP Surveillance uses an IP Network as the backbone of the system to transfer video and audio, as opposed to expensive point-to-point coax cabling used with traditional Closed-Circuit TV or CCTV applications.
J.P. Freeman, 2015 Worldwide CCTV & Digital Video Surveillance Market Survey says,
“Digital technology has become the driving force in the industry as an offshoot of advancing computer technology … open architecture software will enable CCTV systems from different manufacturers to communicate with each other thereby releasing the hold that one manufacturer has on a using customer to buy systems from only that manufacturer. The convergence of computers and CCTV is inevitable as digital technology advances.”
The video surveillance market in India is expected to reach Rs 5718 cr (US$841 million) in 2016, with a CAGR of 32.49%. It is expected to top US$ 2.4 billion by 2020. Currently, though analog-based surveillance systems have accounted for the majority of the share (68%) in the overall market, yet IP-based surveillance systems are expected to increase in the next five years due to increasing IP infrastructure, declining prices, and demand for remote access. According to ‘India CCTV Camera Market Outlook, 2021,’ the India CCTV Camera market is expected to grow with a CAGR of about 27.16% in the period from 2016 to 2021.
The Indian surveillance market is witnessing immense growth from sectors such as city surveillance, hospitality, airport security, BFSI, retail, BPO, manufacturing, college campuses, infrastructure companies and education. The government, in general, is the biggest segment in terms of volume demand. The private sector also shows vast potential. About 87% of surveillance needs are for a commercial purpose, whereas 13% are for residential.
We are living the 21st century and now our country is using Digital Technology. We know that Technology is very important now; we do any work within a second with using Technology. CCTV is also part one of the Technology.