Estimated to be largest supplier in its realm with market share of 21%, as per IHS survey
New Delhi, March 24, 2015: CP PLUS, the Global Leader in advanced surveillance and security systems and solutions, and market leader with No. 1 market share in India, has been identified as the largest Brand of video surveillance in India, as per an insightful survey by IHS Technology. The renowned US based research firm in its report on the Indian market for security and video surveillance equipment has reinforced the brand’s undisputed top position in the realm of security solutions with a market share of 21%.
The report also highlights the fact that CP Plus is not only the fastest growing but also one of the prominent brands to carve a distinct identity in the video security industry in the country. It is followed by other players across a spectrum of video surveillance categories like Analog, IP, DVRs, NVRs, Mobile DVRs, VDPs, Video encoders and VMS to name a few.
The Indian market for video surveillance equipment is estimated to rise to a whopping $615.5 million by 2018. The IHS research states that the top three suppliers of video surveillance equipment account for more than one-third of market revenues.
Aditya Khemka, Managing Director, CP PLUS India, CEO & Director Aditya group said, “As the IHS survey predicts, the market for video surveillance equipment in India is set to peak from the year 2016. This will provide ample opportunities to CP PLUS to tap the potential scope for innovative and technologically advanced video security solutions as the global leader in this space. We will be looking at extending our best-in-class video security solutions to serve a variety of customers on the back of the growing acceptance of CCTV technology to strengthen the security of organisations and domestic setups.”
Today, the brand has operations across the globe, with offices in Germany, Czech Republic, UAE, South Africa, Saudi Arabia, Singapore, China, Taiwan and India. CP Plus Teknologix Labs are the testimony to its commitment towards quality and performance. CP Plus products pass through strict quality management and carry international certifications such as UL, CE, FCC, etc.
The latest report by IHS talks about CP PLUS emerging as the leader in this segment in India and also provides crucial data regarding other security equipment 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.