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.

  • Remembering 9/11 Remembering 9/11

    In this episode, Security Today Editor-in-Chief Ralph C. Jensen Talks with Steve Karoly about security and transportation issues, specifically airport, airline and passenger security. It is the 20th anniversary of the 9/11 terror attacks in New York, the Pentagon and Shanksville, PA. Much has changed concerning security efforts about airport transportation security. The conversation talks about the role that technology plays in protecting the flying public and steps taken to ensure there hasn’t been a successful terrorist attack on a U.S. airliner since 9/11. Checkpoint and screening are evolving at a rapid pace, and the conversation centers on new measures and technologies that are being integrated into checkpoints.

Digital Edition

  • Security Today Magazine - July August 2021

    July August 2021

    Featuring:

    • Tee Up the Security
    • Listen Clearly
    • Turning to the Cloud
    • COVID-19 The Final Push
    • Redefining Security

    View This Issue

  • Environmental Protection
  • Occupational Health & Safety
  • Infrastructure Solutions Group
  • Spaces4Learning
  • Campus Security & Life Safety