CP PLUS has retained its position in security industry. In its latest report on the Indian market for security and video surveillance equipment, IHS Technology, a well-known US based research firm 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%, remotely followed by other players across all video surveillance categories including, Analog, IP, DVRs, NVRs, Mobile DVRs, VDPs, Video encoders, VMS etc. According to the IHS research, the top three suppliers of video surveillance equipment account for more than one-third of market revenues.
“As per the report, the market for video surveillance equipment in India is witnessing strong tailwinds and is expected to peak in 2016. It is expected to 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 its customers”, said Aditya Khemka, Managing Director, CP Plus India.
The IHS has been publishing reports on the world market for CCTV and video surveillance equipment since 2003. During this time, it has also published a number of reports focused on specific regional markets, including China, India, the Middle East, Russia and Eastern Europe, Latin America, and Southeast Asia. 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.