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

PUBLISHED

DEC 2017

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

Purchase Report

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                  

Singapore is a small, but wealthy nation with an open and trade-driven economy.  It is ranked number one by the World Bank to start and run a business.

Singapore continued to develop since 2010 due to its exports. However, growth in 2014-15 was slower owing to sluggish global economy and Singapore’s weak manufacturing sector. The government is attempting to restructure the economy by reducing dependence on foreign labor and increasing productivity in certain sectors. To boost FDI, the country offers tax concessions, easier loan, and foreign firm’s majority stake in a local company. The liberal laws of the country also make it possible for foreign nations to buy real estate. The government gives preference to investments in manufacturing and services activities as a part of a strategy to replace labor-intensive activities that have migrated offshore to countries like China.

The main challenges of doing business in Singapore are high excise taxes on some products, monopolies in certain sectors, and being an expensive place to do business in. However, it is the leading global business hub, which tells us about the strengths of Singapore’s market. It has Asia’s strongest Intellectual Property (IP) Protection along with low corruption and strong rule of law making it the most popular choice for investors in Asia.

Component Name

Unit

From Site

GDP

USD billion

293

GDP Annual Growth Rate

%

0.6

GDP Per Capita

USD

51855

Unemployment Rate

%

2.1

Wages

USD/Month

3,443.83

Inflation Rate

%

-0.3

Consumer Price Index (CPI)

Index Points

99.15

Interest Rate

%

0.12

Loans to Private Sector

USD million/billion

434,237.15 million

Balance of Trade

USD million/billion

4,566.40 million

Business Confidence

(No Units)

-1

Manufacturing PMI

Index Points

50.1

Ease of Doing Business

(No Units)

1

Competitiveness Rank

(No Units)

2

Corruption Rank

(No Units)

8

Consumer Spending

USD million/billion

Bank Lending Rate (Consumers)

%

5.35

Corporate Tax Rate

%

17

Sales Tax Rate

%

7

 

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

Purchase Report

Our Clients Include View All

Looking to Customize Report?