In its latest report on the Indian market for video surveillance equipment, IHS Technology, a well known US based research firm once again identifies CP Plus as the largest supplier of video surveillance equipment in India. The report positions CP Plus as one of the fastest growing brands in video security in India with an estimated market share of 21%, followed by other players like Hikvision and Dahua from China, Panasonic, Bosch Security Systems, Samsung Techwin and Honeywell. According to the IHS survey, the top three suppliers of video surveillance equipment account for more than one-third of market revenues.
Talking about the report, Jon Cropley, Principal Market Analyst, IHS, said, “The IHS research attempts to provide a comprehensive assessment of the market and forecasts the impact of significant trends over the next five years. The report provides detailed estimates of market sizes in 2013 and forecasts growth for the years 2014 to 2018.” This IHS report on video surveillance industry includes equipments like security cameras (excluding thermal security cameras), DVRs, Video Matrix Switchers, Hardware NVRs, Video Encoders, VMS, Monitors, CS Mount Lenses and Housings, in the video surveillance market.
“As per the current report, the market for video surveillance equipment in India is witnessing strong tailwinds and growth is forecast to accelerate throughout the period to 2018. It is forecasted that the market will grow to $615.5 million in 2018. CP Plus India, as the most preferred brand in the video security solutions industry, is expected to reap the dividends of the robust growth indicators. We are all set to build on the momentum with novel and user friendly products for our customers”, said Aditya Khemka, Managing Director, CP Plus India and Managing Director, Aditya Group.