Deep Research on “Global Video Surveillance” The shift from analog to IP cameras is expected to boost the market growth during the forecast period. The demand for IP cameras is growing as the total cost of operation of IP cameras is much lower than analog cameras. They are more flexible, scalable, and can be easily installed when compared to analog cameras.
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The on-premise segment dominated the video surveillance market, accounting for over 36% share during 2015. However, the total implementation cost of on-premises video surveillance solutions is high, preventing enterprises from adopting them. As a result, this segment is expected to witness a decline in shares during the forecast period.
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The intense competition and the declining profit margins constitute significant risk factors for the vendors in this market. The market consolidation is growing with the trend of small entities being acquired by or merged with major players. The rapidly changing technological environment is a major challenge for the global vendors along with the increase in the influx of private labels in the market.
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