Video Surveillance Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Video Surveillance Market: Overview
Video surveillance is a monitoring system, which includes the use of video camera for observing an area or building. The signals from the video camera are transmitted to receivers via telephone links or cables forming a closed circuit. Video surveillance systems can be IP, analog, or biometric. The hardware involved in video surveillance, include camera, monitor, storage device, servers, and cables. There are various types of software used in these systems such as video analytics and neural network and algorithm. Some of the end-user sectors are commercial, residential, industrial, institutional, and military and defense.
Global Video Surveillance Market: Key Trends
The growing number of criminal incidents and terror attacks are compelling public as well as private sectors to ensure safety of their infrastructure. The rising awareness of safety and security is resulting in greater demand for video surveillance systems across the world. The global market for video surveillance is largely benefitting from the burgeoning demand for IP cameras due to their declining prices and improving functionalities. Moreover, with the massive amount of data generated every day, the implementation of the cloud technology is increasing, which in turn is working in favor of the market.
The need for high bandwidth for data transfer, on the other hand, is creating a dent in the global demand for video surveillance systems. Besides this, the violation of privacy due to these systems is attracting high criticism from people across the world, which in turn is negatively impacting the market. Nevertheless, the incorporation of big data video analytics and Internet of Things (IoT) in video surveillance is likely to provide a significant boost to the growth of the market in the near future.
Global Video Surveillance Market: Market Potential
Several governments worldwide are acknowledging video surveillance for its role in reducing crime and ensuring social stability. They are enacting laws that mandate the deployment of video surveillance systems. For instance, the government of China in May 2015 announced that by 2020, all their key public areas will be covered with video surveillance cameras. Similarly, Germany passed a law in March 2017 that will promote the deployment of video surveillance in stadiums, stations, and shops and also allow police to wear body cameras.
Video surveillance systems have higher adoption rate across large enterprises. To make it popular across all sizes of enterprises, several companies are focusing towards developing systems that are SMEs-centric. A case in point is Comcast Business, which launched a video surveillance platform, SmartOffice for small to medium-sized businesses (SMBs) in March 2017.
Global Video Surveillance Market: Geographical Segmentation
Asia Pacific will command a substantial share in the market throughout the forecast period. Improving economic conditions, surging crime incidents, and rapid urbanization are translating into the greater uptake of video surveillance systems in the region. Early adoption of novel technologies such as wireless connectivity and megapixel cameras coupled with rapid advancements is also fuelling the growth of APAC. Moreover, the declining prices of IP cameras and the domicile of key players are promoting the adoption of these systems in the region. All these factors together are likely to help the region in experiencing healthy growth during the same period.
Global Video Surveillance Market: Competitive Landscape
Key players in the global video surveillance market are paying high attention to product launches to stay ahead. They are investing large sums in research and development activities to expand their product portfolio. Some of the prominent vendors in the market are Axis Communications AB, Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co. Ltd., Bosch Security Systems Inc., Hanwha Techwin Co. Ltd., Honeywell Security Group, NICE System Ltd., Panasonic System Networks Co., Ltd., Pelco by Schneider Electric, and Infinova Corporation.
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report