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CCTV market headed for growth, changes

June 19, 2015Spencer Ives

NOIDA, India—The CCTV market is poised for growth, according to a RNCOS report, with a 7.5 percent CAGR expected in North America from 2014 to 2020, and a 12.2 percent CAGR globally during the same time period.RNCOS expects the North American CCTV market to rise from $3.5 billion in 2014 to $5.3 billion by 2020, Shushmul Maheshwari, founder and CEO of RNCOS, told Security Systems News.Though the North American market will grow, its overall share in the market will decrease, according to Maheshwari.“North...

CCTV, RNCOS, Shushmul Maheshwari