Asia-Pacific to Control CCTV Market Growth in Near Term

Released on: June 22, 2008, 11:55 pm

Press Release Author: Shushmul Maheshwari

Industry: Electronics

Press Release Summary: The global CCTV market will see the significant demand for
CCTV systems from Asia-Pacific owing to rising security concerns and low penetration
of technology in the region.

Press Release Body: The Asia-Pacific region is expected to create the major demand
for CCTV systems in future, says RNCOS in its new research report, “Global
CCTV Market Analysis (2007-2010)”.

As per the report, the video surveillance market in the Asia-Pacific region is
anticipated to post incredible growth as the uptake of technology is currently at
nascent stage, thus offering immense growth opportunities for both manufacturing and
consumption of video surveillance equipments. The governments across the
Asia-Pacific, recognizing the potential damage caused by terrorist attacks to
tourism, businesses and foreign investment, are taking security very seriously. The
report recognizes four key areas in Asia – residential security, workplace
security, public place security and security of supply chains – where security
systems are playing very critical role and become mandatory.

Besides rising security concerns, the concrete economic growth in major Asia-Pacific
economies, such as India, China, Taiwan, South Korea and Singapore, is also
providing a fillip to the video surveillance market in the region, says the RNCOS
report. These countries have witnessed a marked change in their social setting, for
instance, rising number of working parents and nuclear families that created a need
for effective security systems. Gaining traction from these factors, the market is
anticipated to grow strongly at an annual growth rate of 13% from 2007 to 2010.

Other than Asia-Pacific, “Global CCTV Market Analysis (2007-2010)” also
gives comprehensive research and in-depth analysis on the present performance and
future prospects of the CCTV market in other regions also, including North America,
Europe and rest of the world. It helps clients to identify the growth opportunities
and factors critical for the success of global CCTV market. The report also provides
forecast on electronics security market by region, CCTV market by technology,
regional segmentation of CCTV market at current end-user prices, CCTV semiconductor
market, video surveillance software market, video surveillance camera market,
conventional CCTV camera market and IP-based CCTV camera market.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://rncos.com/Report/IM542.htm
Current Industry News: http://www.rncos.com/Blog/

Web Site: http://www.rncos.com

Contact Details: 29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
91-11-4214-1228
info@rncos.com

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