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Hitachi Eyes Indian Video Surveillance Market|
- By CXOtoday Staff, Jan 07, 2008 1044 hrs IST
- Tags : Hitachi Eyes Indian Video Surveillance Market
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Hitachi Global Storage Technologies has announced that it is partnering with Cradle Technologies, experts in video surveillance solutions, to organize a series of road shows across the country. Kick-starting in Mumbai on January 7 and followed by events in Ahmedabad, Chennai and New Delhi, the road shows will address system integrators and potential partners in the video surveillance market.
As a part of the series, Hitachi GST will be conducting a series of educational sessions and seminars to provide audiences with insights into the latest trends in the video surveillance market, including emerging technologies as well as the company's product offerings for this segment. Experts from Hitachi GST and Cradle Technologies will also provide intensive training on Digital Video Recording (DVR) technology, the selection criteria and key features of hard disks required for the surveillance industry.
According to Karthik Laxman, country manager - India and SAARC of Hitachi GST, "This program is likely to benefit about 100 to 150 system integrators across the identified cities. We will be training them on all aspects of the market dynamics, upcoming technologies as well as demonstrating the CinemaStar range of products that optimize storing, retrieving, streaming, and editing of digital video."
Globally, the video surveillance market has matured from the basic closed-circuit television (CCTV), non-technical surveillance and security systems to DVR systems. Hard drive storage is a critical component in DVR systems, providing a proven, fast and highly efficient solution to monitor, protect and store video data. According to J P Freeman, the video surveillance market stood at around US $4.5 billion, and is expected to show a CAGR of approximately 18% per annum. The video surveillance market in India is also showing immense growth driven by increased demand across residential, commercial and enterprise categories.
The hard disk drive business in India has grown rapidly, with a CAGR of 19% in the last four years. Projections are for the market to grow at the same level in the future, especially with a burgeoning desktop and notebook market in India. Apart from the desktop and notebook categories, Hitachi GST also sees a huge potential growth in Consumer Electronic (CE) applications such as digital set top box, digital video recorders, personal video recorders, as these are also giving rise to demand for high-capacity hard drives across form factors.
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