Wireless Monitoring and Surveillance Global Market – Overview
Wireless monitoring and surveillance global market is growing at a significant pace. The major growth driver of wireless monitoring and surveillance market includes growing demand for better & more cost-effective security management, fast-moving growth of network video market and new strict government initiatives on technology compliance among others. According to a recent study report published by the Market Research Future, The global market of Wireless Monitoring and Surveillance is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016 – 2022).
The study indicates that the demand for security and improved monitoring solutions has commended the need for better monitoring and surveillance devices. Wireless monitoring and surveillance devices play a significant role for the deployment of improved security systems. The wireless monitoring systems helps in monitoring such places where it is not feasible to include cables. Organizations manufacturing wireless security products also play an important role for monitoring and controlling the wireless operations.
The study indicates that wireless cameras as a security system are becoming very popular owing to their low connection prices. It has elastic installing options; wireless cameras can be mounted in places earlier unreachable to standard wired cameras. Addition to it the ease of use and suitability of access, wireless safety camera permits operators to control broadband wireless internet to offer seamless video streaming over-internet.
The other aspects contributing to the growth of the Wireless Monitoring and Surveillance Market is increasing implementation of video analytics, increasing demand for installation of video surveillance, usage of high-definition cameras and growing need for security. Also, features such as scalability, flexibility and reliability are boosting the demand of the wireless monitoring and surveillance market. However, factors such as need for storage capacity, growing demand for high resolution pictures and privacy issues are hindering the growth of the wireless monitoring and surveillance market.
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June 2016– Bosch Group has announced in June 2016 about its partnership with Protect as SA which is a leading security company of Sweden to provide better remote video monitoring services to the customers.
February, 2016– Honeywell, one of the leaders in wireless connectivity has announced in February, 2016 about its new development Micro RAE gas monitor which is industry’s first wireless 4-gas monitor that can work with all types of wireless communication protocol. The product need to be connected to smartphone to transmit gas which is been used to read over a cellular network.
September 6, 2016– Axis Communications, the market leader in network video, introduces an all-in-one wireless video surveillance solution for small businesses that want to monitor indoor premises such as a retail store or office. One week of video recordings are stored on-camera, eliminating recurring costs. The recordings are accessible by PC or mobile device using the free AXIS Companion video management software.
Some of the major players in Global Wireless Monitoring and Surveillance Market include Honeywell (U.S.), Axis communications (Sweden), Bosch security systems (Germany), Cisco systems (U.S.), Micropower technologies (U.S.), Pelco (U.S.), Aruba networks (U.S.), Panasonic Corporation (Japan), and D-link (U.S.) Corporation among others.
Wireless Monitoring and Surveillance Global Market – Segmentation
The Wireless Monitoring and Surveillance Market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
- Segmentation by Component: Comprises Digital camera, network nodes, servers, and monitoring stations among others.
- Segmentation by Technologies: Comprises Video and IP technologies among others.
- Segmentation by End-Users: Comprises Shopping malls/commercial complex, Banks/financial institutions, Government (Municipalities, Military, law enforcement), Educational institutes, and Transportation among others.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Wireless Monitoring and Surveillance Global Market – Regional Analysis
The wireless monitoring and surveillance market is divided into four regions, namely North America, Asia Pacific Europe and the Middle East and Africa (MEA). North America accounted for the largest market share, owing to increased adoption of new technological solutions, increasing competition among wireless security camera vendors, increasing demand for security and increasing disposable income. However, Asia-Pacific region is expected to grow over the forecast period, 2018-2023. The reason is attributed to technological developments, need for better picture quality and growing demand for security concerns.
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