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.

  • Nov 29, 2012

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

Most   Popular

New Products

  • PE80 Series

    PE80 Series by SARGENT / ED4000/PED5000 Series by Corbin Russwin

    ASSA ABLOY, a global leader in access solutions, has announced the launch of two next generation exit devices from long-standing leaders in the premium exit device market: the PE80 Series by SARGENT and the PED4000/PED5000 Series by Corbin Russwin. These new exit devices boast industry-first features that are specifically designed to provide enhanced safety, security and convenience, setting new standards for exit solutions. The SARGENT PE80 and Corbin Russwin PED4000/PED5000 Series exit devices are engineered to meet the ever-evolving needs of modern buildings. Featuring the high strength, security and durability that ASSA ABLOY is known for, the new exit devices deliver several innovative, industry-first features in addition to elegant design finishes for every opening.

  • Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

    Connect ONE®

    Connect ONE’s powerful cloud-hosted management platform provides the means to tailor lockdowns and emergency mass notifications throughout a facility – while simultaneously alerting occupants to hazards or next steps, like evacuation.

  • 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.