The need for Video Surveillance – a simpleton’s guide
If you run a business, you must know by now how the safety and security of your business assets are essential. When it comes to this aspect, video surveillance and security cameras play a significant role in the game. Without going inside nuances and technical jargon, let us walk through the simple reasons that make video surveillance and security cameras crucial for a business. Guarantees overall safety It is one factor which everyone agrees upon. No candidate is better to keep an eye on than your video surveillance set up and support intelligent cameras. Without an efficient surveillance setup, a business is 4x likely to be burglarized. It reported that 60% of burglaries are forced entries, and a sound security system will prevent it from happening. Prevents Employee theft and shoplifting. Here are two figures worth pondering over: Your answer to these issues lies in a well-established, meticulous video surveillance system. Helps in preventing scams & frauds Scam and fraudulent claims result in businesses losing up to 5% of their revenue. A common source of fear for any business is getting sued for an accident, harassment, injury, or legal ground. Having effective video surveillance provides businesses smart leverage as this video feeds serve as testimony. Video Surveillance is a likely ally of law enforcement United States small business administration says that one incident of vandalism can amount to a cost of $3,350. Noticeably placed cameras have been proven to deter individuals to groups to commit acts of vandalism. Even if it occurs, the same video feeds go on to help law enforcement in various ways. The installation of video surveillance cameras has directly or indirectly helped society in significant ways. In 2012, a crime was caught live on a Miami causeway by security cameras installed in a nearby mall and helped police see the convict. It inadvertently helps productivity and boosts sales. In terms of productivity, video surveillance is a good ally since business owners can keep an eye on employees, their movements, and professional courtesy. An intelligent surveillance system can also help employers subject their employees to thorough scrutiny. When talking about sales, intelligent video surveillance cameras are of great help in retail stores. They help the management to track customer traffic patterns and adjust inventory & stocking as a result. The same applies to monitoring customer transactions. It is cost-effective and scalable. A video surveillance system is cost-effective since they significantly reduce the need to hire a security personnel team. It is scalable since adding and integrating more smart cameras in an already established system is easy & hassle-free. Assures business compliance. It is good to install a video surveillance system to comply with the respective country’s existing surveillance policies and rights. Brings peace of mind. Who does not value peace of mind and a moment of assurance? Business owners certainly do. A well-equipped and intelligent video surveillance system goes a long way in maintaining an organization’s order and proper functioning. IP remote surveillance provides continuous real-time monitoring 24/7, allowing authorities to keep an eye on any location 24/7. This ensures peace of mind.
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India’s Growing Video Surveillance Market
The global world has witnessed a rise in video surveillance and intelligent security cameras. With China and the USA being the top patrons of video security surveillance, other countries are not much farther behind. As the Asia-Pacific region is increasingly embracing video surveillance, India is also a key player in this regard. The Indian video surveillance market has surged dramatically owing to many factors such as: In 2019, government establishments, the transportation sector, banking & other financial domains accounted for the lion’s video surveillance market share. Add the boom in smart cities, and the market is expected to surpass US$ 2.6 billion by 2021. In an era of smart cities where safety is a crucial aspect of being a smart city, video analytics, biometrics, facial recognition have become vital for any city-based surveillance setup. According to recent research, the India video surveillance market size is estimated to grow with a CAGR of 16.6 percent during 2020-2026. Growth of IP surveillance market & products There was a time when analogue cameras dominated the Indian market. The scenario is rapidly changing with more and more adoption of IP based surveillance. There are good reasons behind the growing popularity of IP based surveillance: Although the traditional analogue-based surveillance system occupies 68% of the market, experts suggest that the IP-based system will soon outclass the conventional method due to its sophistication and improved applications. Numbers don’t lie Few issues in the Indian video surveillance market The Indian video surveillance market has grown swiftly and attracted major international CCTV & security systems brand. However, few problems exist, which are as follows: India is encountering massive digitisation in varied industries. It calls for more and more implementation of video surveillance and security setups within the nation. IP based smart security surveillance system is expected to take a principal position in every sector over the next six years. With the progress in other digital infrastructure, reduction in costs, it remains to be seen how far this sector casts its shadow. Reference:http://web.archive.org/web/20200814223622/https://www.electronicsb2b.com/headlines/the-indian-ip-surveillance-market-is-set-to-grow-in-spite-of-the-challenges/
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