The increasing crime rates, smart phone applications, compatibility with existing network, rising security concerns in all regions, and advanced high power embedded processor for real-time monitoring are fueling the market growth of video surveillance. However, growing privacy fear, demand for higher bandwidth, and system vulnerable to hackers are hindering the market growth.
IP-based video surveillance is expected to grow at a CAGR of around 25% during the forecast period due to increasing demand for surveillance cameras. Hardware dominated the video surveillance market with more than 85% of share among the global market. Cameras held the major share in hardware video surveillance market. Functional competences, standard based open architecture, and reduced cost of ownership are the factors fueling the hardware market growth.
North America is the leading video surveillance market, accounting for more than 32% of the share. U.S. commanded the largest share among the North American region. Asia Pacific is expected to witness significant growth rate due to growing demand for smart imaging of everything and rapid growth in GDP.
The key players of the market include, Honeywell Security Group, Bosch Security Systems, Inc., Panasonic System Networks Co., Ltd., Axis Communications AB, Avigilon Corporation, Dahua Technology Co., Ltd., Flir Systems, Inc., Mobotix AG, and Hangzhou Hikvision Digital Technology Co., Ltd.
Types of Video Surveillance Covered:
o Camera Market, By Resolution
o Video Surveillance Storage Market, By Type
o Storage Media
o Video Surveillance as a Service (VSAAS)
o Hybrid VSaaS
o Managed VSaaS
o Hosted VSaaS
o Cloud Storage by Deployment
o Video Analytics Software (VAS) Applications
o Video Management System (VMS)
o Banks and Financial Buildings
o Business office
o Amusement Parks
o Public Recreation Areas
o Highways, Streets, and Bridges
o Stadiums, Parks, and Playgrounds
o New Zealand
o Rest of Asia
o Middle East
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 8 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
.We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.