Wireless Monitoring & Surveillance – Industry Insights
In the last couple of years, the need for better & efficient security measures for commercial spaces has risen dramatically. Owing to this demand the global surveillance & security industry has seen development. As the leading market observes progression, the smaller businesses too start evolving and establishing themselves. Wireless monitoring & surveillance market is one of the best examples of this fact. Recently, the demand for this product has gone up substantially which is why Market Research Future decided to issue a study report which was titled ‘Wireless Monitoring & Surveillance Market.’ This report mentions that this market will grow exponentially throughout the projection period of 2017-2027.
Wireless monitoring & surveillance tools can efficiently help in enhancing the security measures of any given professional space. One of the most beneficial features it offers is that it can reach places where it is difficult to use cables. Some of the significant advantages of using these systems are better quality, comprehensive coverage range, and better security.
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At present, most of the enterprise owners in the commercial sector are looking to upgrade their security to optimal levels. Observing this fact, the experts of MRFR have predicted that this market will expand enormously during the forecast period. It is anticipated to grow at a higher CAGR, and furthermore, the estimated revenue return figures also look quite promising.
The increased need for efficient and feasible security management in the commercial sector happens to be the chief growth driver for this market. The rapid advancement of the network video market and innovative government initiatives in favor of this technology further positively influence the market’s progress.
However, the market may come across certain minor hurdles like limited central monitoring station and expensive territory that could act as hindrances. The stakeholders are working towards rectifying this issue and very soon a plausible solution will be found.
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.
The research report titled ‘Wireless Monitoring & Surveillance Market’ issue by Market Research Future provides profound insights into various sections of the market. One of the most imperative amongst them is the segmental analysis.
- By component – Network nodes, servers, monitoring stations and digital cameras.
- By end users – Banks & financial institutions, transportation, government bodies (municipalities, law enforcement, and military), shopping malls & complexes and educational institutes.
- By technology – IP technologies and video.
The global market for wireless monitoring and surveillance is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The regional analysis of wireless monitoring and surveillance market is studied for North America, Europe, Asia-Pacific, and the rest of the world. Among the regions mentioned above, the wireless monitoring system and surveillance have spread its roots in North America and most of Europe. Wireless monitoring systems are rapidly replacing the traditional monitoring and surveillance system. There is a rising need for efficient video surveillance in public as well as private sector across the US, Canada, UK, France, and Germany. There is a close competition between North America and Europe for the dominating region. However, Europe is expected to lead the market by the end of the forecast period due to emerging startups and already established vendors in this region catering to the growing need for effective security measures across the globe. On the other hand, Asia-Pacific is expected to be the fastest growing region. One of the major factors for this fast growth is urbanization and fastest growing emerging economies.
Bosch Group has announced in June 2016 about its partnership with Protectas SA which is a leading security company of Sweden to provide better remote video monitoring services to the customers.
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
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