Global Video Surveillance Market is estimated to be valued at more than USD 64 billion by 2021. For the Global Surveillance Market, drivers are development of chips with faster processing speed, growing popularity of video content and real time analytics, government initiative along with rise in demand for public safety.
Key Players for Video Surveillance Market
- Avigilon Corporation (Canada)
- Bosch Security Systems
- Cisco Systems
- FLIR Systems Inc. (U.S.)
- Honeywell Security Group (U.S.)
- Hikvision Digital Technology Co., Ltd.
- PELCO by Schneider Electric
- Axis Communications AB (Sweden)
- Nice Systems, Limited (Israel)
- Infinova Corporation (U.S.)
- Zhejiang Dahua Technology Co.
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- Equipment (Cameras, Monitors, Storage Systems)
Global Video Surveillance Market
Within the global video surveillance market, share for equipment such as cameras, monitors, and storage held a major share of the revenues in 2015. However, Video Surveillance as a Service (VSaaS) is expected to grow at the highest pace during the forecast period. The dynamics of the physical security industry have changed profoundly, owing to the ongoing innovations and advancements in its dominating contributor, i.e. Video Surveillance. Major application areas such as critical infrastructure, highways, banking, and financial institutions among others have become promising beneficiaries of video surveillance making it an indispensable tool to ensure both personal and public safety.
Regional Analysis of Video Surveillance Market:
Asia-Pacific region has been the dominating the global Video Surveillance Market since the past couple of years and will be growing in a similar fashion over the forecast period by 2022. This high growth is attributed to the high level of security concerns and increasing adoption of such systems. This growth is highly attributed to the rising security demands for public safety and also in the commercial sector for business intelligence. Significant increase in the terror groups’ activities as across the globe beckons the need of increased security for the common individuals. Additional measure taken by institutes and individuals resulting in high demand for security systems to reduce robberies and theft is inducing demand in this market. This growth is primarily attributed to the vast deployment of video surveillance equipment’s and projects in India and China among others. With the U.S. being one of the fastest adopters of technologies, North America constitutes the biggest market share after Asia-Pacific.
Infrastructural Application expected to dominate the Video Surveillance Market
Among the application verticals in the video surveillance systems, infrastructure holds the lion’s share. This is attributed to the large scale investment by the government in the projects such as safe city and city surveillance among others. Following that, the commercial application is holding the second position in terms of revenue generation. The utilization of video surveillance software for business intelligence is the primary reason behind the proliferated market growth. Owing to this, the other sector is anticipated to grow at the fastest CAGR during the forecast period from 2016 to 2022.
Table of Content
1. Report Prologue
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.3 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4. Market Dynamics
4.4 Mega Trends
4.5 Macroeconomic Indicators
4.6 Important Pointers By Industry Experts
4.6.1 Fastest Growing Market
4.6.2 Growth Prospects
5. Market Factor Analysis
5.1 Value Chain Analysis
5.2 Porters Five Forces Analysis
6. Global Video Surveillance Market: By Application
6.1 Historical Market Growth
6.2 Market Size by Application
6.2.5 Institutional And Others
7 Global Video Surveillance Market: By Components
7.1 Historical Market Growth
7.2 Market Size By Component
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