Vietnam is the Fastest Growing Video Surveillance Market in Southeast Asia

In its first edition report on the South East Asia video surveillance market, IMS Research forecasts that the Vietnam is fastest growing market between 2010 and 2015, at a CAGR (Compound Annual Growth Rate) of 22.3 percent.

In its first edition report on the South East Asia video surveillance market, IMS Research forecasts that the Vietnam is fastest growing market between 2010 and 2015, at a CAGR (Compound Annual Growth Rate) of 22.3 percent.

South East Asia is comprised of not only developed markets like Singapore, but also new emerging markets like Vietnam and Indonesia. In these emerging markets, the government is continuing its investment in infrastructure and industry development. For example, Vietnam recorded a year-on-year GDP growth rate of 7.7 percent for the industry and construction sector in 2010. Its aim is to become an industrialized and modernized country by 2020.

Cheryl Li, report author and research analyst at IMS Research comments, “The highest priorities for Vietnam are transportation, energy, irrigation and urban development projects. For example, about 600 kilometers of roadway construction is planned by 2015, the existing railway will be upgraded and several international airports and electrical plants will be developed. All these projects create huge demand for security products and systems.”

Li continues, “Import tax has been as high as 30-35 percent in Vietnam; therefore many European and American manufacturers did not focus on this market. After entering the World Trade Organization (WTO), Vietnam has reduced import tax, which has attracted more companies to this market. Most of the governmental projects use network video surveillance systems. Therefore the network equipment market is forecast to exceed the analogue market by 2012 in Vietnam.”

IMS Research’s recently published report, The South East Asia Market for CCTV and Video Surveillance Equipment - 2012 Edition provides more incisive analysis for each of the following countries in South East Asia region: Singapore, Malaysia, Thailand, Philippines, Indonesia and Vietnam.

Featured

  • Making the Grade with Locks and Door Hardware

    Managing and maintaining locks and door hardware across a school district or university campus is a big responsibility. A building’s security needs to change over time as occupancy and use demands evolve, which can make it even more challenging. Knowing the basics of common door hardware, including locks, panic devices and door closers, can make a difference in daily operations and emergency situations. Read Now

  • Choosing the Right Solution

    Today, there is a strong shift from on-prem installations to cloud or hybrid-cloud deployments. As reported in the 2024 Genetec State of Physical Security report, 66% of end users said they will move to managing or storing more physical security in the cloud over the next two years. Read Now

  • New Report Reveals Top Security Risks for U.S. Retail Chains

    Interface Systems, a provider of security, actionable insights, and purpose-built networks for multi-location businesses, has released its 2024 State of Remote Video Monitoring in Retail Chains report. The detailed study analyzed over 2 million monitoring requests across 4,156 retail locations in the United States from September 2023 to August 2024. Read Now

  • Gaining a Competitive Edge

    Ask most companies about their future technology plans and the answers will most likely include AI. Then ask how they plan to deploy it, and that is where the responses may start to vary. Every company has unique surveillance requirements that are based on market focus, scale, scope, risk tolerance, geographic area and, of course, budget. Those factors all play a role in deciding how to configure a surveillance system, and how to effectively implement technologies like AI. Read Now

Featured Cybersecurity

Webinars

New Products

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame. 3

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction. 3

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge. 3