Video surveillance systems are the security tools that help reduce crime and protect people and property. There are different Video Surveillance systems available in the market according to the customers’ specific needs and budgets, from large commercial enterprises to home security platforms, from simple camera systems for small offices and businesses to complex solutions for urban traffic management systems. There are two types of video surveillance systems including analog and digital video surveillance system. As compare to analog video surveillance, digital video surveillance systems are easy to install and provide high quality video or images.
Growing concern about public safety due to the dangerous incidences like terrorist attacks the importance of video surveillance in securities increased. The factors such as growing disposable income of people can afford video surveillance as in home security. Video surveillances are also used in different industries like oil and gas, pharmaceutical, construction, communication etc. Furthermore, booming IT infrastructure is expected to boost the growth of the Video Surveillance Market over the forecast period, 2017-2023.
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On the basis of component, the market can be segmented into hardware, software and service. The hardware segment is further segmented into cameras, monitor, and storage system. Out of these, hardware segment accounted for the largest market share.
On the basis of application, the market can be segmented into infrastructure, commercial, institutional, defense and residential. Out of these, commercial segment accounted for the largest market share majorly due to the increasing demand from small and medium business enterprises, retail stores, and shopping mall to reduce criminal activities.
Business expansion and partnership & collaboration are strategies taken on by the industry leaders so that they can expand their business extensively in the potential markets. The key players in the Video Surveillance Market are: Zhejiang Dahua Technology Co.,Axis Communications AB (Sweden), B Ltd. (China), Hangzhou Hikvision Digital Technology Co., Ltd. (China), (South Korea), Nice Systems, Limited (Israel), and Infinova Corporation (U.S.). FLIR Systems Inc. (U.S.), Honeywell Security Group (U.S.), Avigilon Corporation (Canada)
On the basis of region, the market can be segmented into North America, Europe, Asia-Pacific and Rest of the world. Asia Pacific region accounted for the largest market share majorly due to the large and fast technology adoption. High disposable income coupled with easy affordability of security devices such as walkie talkie, biometrics, security alarm systems, and video surveillance market in Asia Pacific. Adoption of video surveillance to protect economy and infrastructure from criminal activities and terror attacks is expected to drive the video surveillance market at fast pace.
Asia Pacific is also be the fastest growing region for the video surveillance market due to the increasing security awareness coupled with high security installation at shopping mall, government offices. North America is second largest region for the video surveillance market.
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- Device manufacturers
- Network Operators
- Government Agencies
- Security Agencies
- End-user sectors
- Communication operators
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