Bangladesh’s Advanced CCTV Market and its Growth, Trends, Progress, Challenges, Opportunity and Upcoming Projects
Market Entry - Advanced CCTV Market in Bangladesh: Analysis of Growth, Trends and Progress (2016 - 2021)

PUBLISHED

DEC 2017

Market Entry - Advanced CCTV Market in Bangladesh: Analysis of Growth, Trends and Progress (2016 - 2021)

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About the Market

CCTV’s are frequently utilized for surveillance in locations that may require regular monitoring such as casinos, banks, military installations, airports, shopping malls, convenience stores, etc. Apart from this, CCTV cameras have wide applications across the globe, by government institutions to reduce and avoid domestic and international security threats. This has ultimately generated the demand for technically advanced CCTV surveillance system, thus strengthening huge growth prospects for CCTV industrialists, distributors, and operators. Apart from this, drop in prices and innovative features have intensified the growth of CCTV camera market, making it reasonable for even smaller companies to incorporate. The global market has showcased significant growth over the past few years and is anticipated to generate substantial revenue in the future. The market is divided by type of styles, such as bullet CCTV camera, dome CCTV camera, discreet CCTV camera, and traditional camera. The market is further bifurcated by application areas such as healthcare, retail, education, banking, transport etc. Some of the key vendors identified across the value chain in the global CCTV camera market include Bosch Security Systems Inc., Honeywell International Inc., Panasonic System Network Co. Limited, Axis Corporation, Toshiba Corporation, Samsung Techwin, Vicon Industries, Mitsubishi Electric, Schneider Electric, Checkpoint System, Baxawell, and ADT Fire and Security.

About the Geography                  

Bangladesh is the eighth most populous nation in the world, with a democratic government at its helm. The country is seen as extremely poorand under-developed, due to devastating natural disasters, and the socio-political instability. However, the country has the advantage of being in a strategic geographical position between South and Southeast Asia making it an entryway to both these markets.

The Bangladesh government is active ely seeking foreign investment, particularly in areas of energy and infrastructure. Many incentives are offered through industrial policy, growth strategy by exports and public-private partnership (PPP) program launched in 2009. The government’s strategic vision for 2021 plans growth through massive investment in infrastructure, skill development and trade. In general, there are no restrictions on foreign property or investment. However, four sectors remain restricted to the government, i.e., arms and ammunition, forest plantations, nuclear energy, and security printing. 

Major challenges companies face is the lack of transparency in government procedures, a slow bureaucratic process associated with procurement practices, and corruption. However, a steady CAGR of at least 5.3% over the last 16 years, competitive labor force, large English-speaking base along with a strong consumer base, makes Bangladesh a popular choice among investors.

  • Recently, many developed Asian countries have outsourced their factory production, mainly textile, to Bangladesh owing to its low and efficient production capabilities.

                                                                  

Component Name

Unit

From Site

GDP

USD billion

195

GDP Annual Growth Rate

%

7.05

GDP Per Capita

USD

973

Unemployment Rate

%

4.3

Wages

USD/Month

32.553

Inflation Rate

%

5.53

Consumer Price Index (CPI)

Index Points

230

                               Interest Rate              

%

6.75

Loans to Private Sector

USD million/billion

79.98 billion

Balance of Trade

USD million/billion

(- 0.794 billion)

Business Confidence

(No Units)

9.96

Manufacturing Production

%

9

Ease of Doing Business

(No Units)

174

Competitiveness Rank

(No Units)

106

Corruption Rank

(No Units)

139

Consumer Spending

USD million/billion

149.950 billion

Corporate Tax Rate

%

27.5

Sales Tax Rate

%

15

 

The Market Entry Series

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

1. Introduction

                1.1 Scope of the Report

                1.2 Regional Analysis

                                1.2.1 PESTLE Analysis

                                1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

                2.1 Drivers

                2.2 Restraints

                2.3 Opportunities

3. Market Demand Analysis

                3.1 Socio-Economic Segmentation

                3.2 Demographic Strengths & Weaknesses

                3.3 Spending Patterns

                3.4 Target Market Identification

4. Market Size of Advanced CCTV market (USD millions)

                4.1 By Type

                4.2 By Establishment

5. Market Entry

                5.1 Market Entry: The Strategy

                                5.1.1 Types of Entry Modes, by Market Entry Objectives

                                5.1.2 Competition Analysis

                                                5.1.2.1 Market Share

                                                5.1.2.2 Strategies Adopted, Recent Events 

                                5.1.3 Pricing Strategy

                                5.1.4 Supply Chain Analysis

                                                5.1.4.1 Trade (Import-Export Analysis)

                                                5.1.4.2 Distribution Network & Retail Analysis

                5.2 Market Entry: The Administration

                                5.2.1 How to Register a Company (Flowchart)

                                5.2.2 Registration Processes 

                                                5.2.2.1 Ministries Involved

                                                5.2.2.2 Criteria and Conditions

                                5.2.3 List of Forms & Documents

                                5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

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