The growing technical advancement in public and private infrastructure has propelled the demand for connected safety and solutions especially in public places. It is gaining demand in wearable technology and body-worn video surveillance applications. For instance, the body-worn camera solution are widely used among the people which offers safety management solution to gather video evidence. It is integrated with existing applications, business workflows and environments and offers rich video experiences. The companies are investing in manufacturing the video surveillance integrated with 4K technology due to its cost effective surveillance solution among various sectors including retail, transportation, financial and commercial industries. The real-time analysis of video streams and recorded footage becomes the vital evidence to any kind of threats. In 2016, Panasonic Corporation unveils its video surveillance solutions including fixed security, mobile and body-worn cameras to optimize public safety.
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With the technological advancement of 3D virtualization, the video surveillance with motion sensors, camcorders, access controls, fire detectors, alarms and others, has become integral part of public safety. It allows the companies to manage and respond towards an incident quickly, and reduces the risk of errors and false alarm. In 2015, Zetron, had announced a new, advanced video surveillance and security solution which is best suited for both private and public-safety applications. It allows the video recording to be digitally watermarked and stored for evidentiary purposes. It is basically offering solution to customers who oversee and protect schools, government buildings, warehouses, parking lots, and other sensitive facilities. Hence, the video surveillance is gaining demand to meet the rising security demand for public safety.
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)
February 27, 2018 – IC Realtime (US), one of the leading digital surveillance manufacturer announced that the company has added a new function – ‘time-lapse’ to video surveillance search engine. The new update will allow users to create a time-lapse video from a range of time or by a specific query to produce more detailed and relevant results.
March 07, 2018 – Research Published – Researchers at the Northeastern University with the help of the DHS (Department of Homeland Security) have developed video surveillance equipment integrating with AI (artificial intelligence) to make the vital security process which are inevitable at the airports much smoother. The new AI surveillance system can track passengers and baggage as they make their way through airport security.
March 14, 2018 – Larson Electronics LLC (US) one of the leading global manufacturer of security cameras launched its range of explosion proof cameras that fit in to any possible security need or monitoring requirement.
- The Global Video Surveillance market has generated USD 28.52 billion market in 2016 and is projected to grow with 18.73% CAGR during forecast period 2017-2023
- By component, hardware is dominating the market and has generated USD 15 billion revenue in 2016 and is expected to grow with 17% CAGR. Whereas, software is projected to drive the market in coming years growing with highest 21% CAGR
- By application, the market has dominated by Infrastructure whereas, residential sector is estimated to grow with highest 21% CAGR
- By Region, North America is leading the market followed by Europe. Whereas, Asia-Pacific is projected to be the fastest growing region in the coming years.
Worldwide Video Surveillance Market – Segmentations
For the convenience of the report and enhanced understanding; the Video Surveillance Market is segmented in to 4 key dynamics:
- By Component: Comprises Hardware (Cameras, Monitor, Storage System), Software and Service.
- By Application: Commercial, Infrastructure, Institutional, Defense, Residential and etc.
- By Regions: North America, Europe, APAC and Rest of the World.
Video Surveillance Market – Geographical Analysis
In 2016, Asia Pacific dominated the global market of Video Surveillance attributing to the growing markets of India, Japan & China. Due to the prevailing terrorism activities & theft cases in the region; market size is bulging up. Concurrently, increasing awareness towards the benefits of video surveillance is fueling the market growth. Continuing with the same trends the APAC market is expected to grow further at a fast pace over the forecast period, 2017-2023.
On the other hand, North America & Europe market of Video Surveillance are too expected to grow rapidly during the anticipated period.
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- Device manufacturers
- Network Operators
- Government Agencies
- Security Agencies
- End-user sectors
- Communication operators
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