IP Video Surveillance Global Market – Overview
Internet protocol (IP) video surveillance comprise of networked and digitized video monitoring. It is also referred as an advanced version of traditional, closed-circuit CCTV cameras. Rising crime rate and growing awareness regarding the benefits of IP systems, technological advancement ,usage of high-definition cameras are major factors fuelling the growth of IP video surveillance market. The benefits of IP cameras such as scalability, flexibility and reliability is aiding the demand for IP video surveillance market. According to a recent study report published by the Market Research Future, the global market of IP Video 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).
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The key aspects impacting the IP video surveillance market is the real time access and monitoring. This features enables the user by providing a real time view of the installed location, through which they can receive real time alerts via messages and e-mails. It provides access into real time data via web portals, smartphones, tablets and other gadgets. The ever rising security concern in commercial and residential areas, results in adopting of advanced surveillance systems to protect their indoor and outdoor assets.
The key players in the global IP Video Surveillance Market include- Avigilon (Canada), Axis Communications. (Sweden), D-Link (Taiwan), Genetec Inc. TM. (Canada), The Infinova Group (U.S.), Bosch Security Systems Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Panasonic Corporation (Japan), GeoVision Inc (Taiwan) among others.
The IP Video Surveillance market is segmented on the basis of application, region and component. The component based segmentation of the market is segmented into software and hardware. The hardware component further consists of monitors, cameras, and servers. The software component furthercontains video management and video analytics. The regions that are covered in the market are APAC, North America, Europe, Middle East, Africa and rest of the world.The application segment of the market comprises of government, manufacturing, BFSI, healthcare, retail and others.
The analysis of the market has led to the observation that the IP Video Surveillance market in the North American region is estimated to observe a substantial growth period and control a significant market share in the duration of the forecast period. Countries such as Canada and U.S areestimated to initiate the growth uptick of the North American market for IP video surveillancedue to the existence of a huge number of established key players. The North American region also posseses a well-established infrastructure, which permitsa greater of penetration of devices which eventuallyoffers better connectivity. Growing need for innovations and advancements in the technology are other key factors accountable for the growth in the IP Video Surveillance market. Additionally, the Asia Pacific region is predicted to observe a comparatively faster adoption rate due to a high CAGR during the forecast period as compared to other regions due to the amplified growth of IT infrastructure and telecommunication, developing economies and the technological progress in IP video surveillance in the region.
May 2018 Dahua Technology a well-known Video surveillance provider has appointed Hills Limited as its new distributor through Australia and New Zealand. As a part of the agreement, Hills expects to reinforce its stand as a “complete solution provider” in the security sector.
October 26, 2017– Hangzhou Hikvision Digital Technology Co., Ltd. a leading provider of IP video surveillance system, has entered into partnership with JVSG to enhance surveillance system design.
October 31, 2017– Hikvision is recognized as, the world’s leading manufacturers of innovative video surveillance products and solutions. The company has launched world’s first Deep Learning NVRs, that will be seen in new series of IP cameras.
- Research firms
- Consultancy firms
- Software Developers
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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TABLE OF CONTENTS
1 Executive Summary
2 Market Dynamics
2.1 Market Growth Factors
2.1.1 Advancement In IP-Based Technology
2.1.2 Increasing Demand For Real Time Video Access
2.1.3 Demand For Reducing The Complexity Of Cabling
2.1.4 The Rising Demands Of Public Safety
2.2 Market Restraints
2.2.1 Lack Of Huge Network Bandwidth For Video Streaming
2.2.2 Privacy Issues
2.3 Market Opportunities
2.3.1 Emerging Smart City Projects
2.4 IP Video Surveillance Market Supply Chain
2.5 Porter’s Five Forces Analysis
3 Global IP Video Surveillance Market, By Component
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