The global video surveillance system market was valued at USD 34,962.3 million in 2017, and is expected to reach a value of USD 82,615.3 million by 2023, recording a CAGR of 15.41% over the forecast period (2018 – 2023).
Video Surveillance System Market Precise Outlook 2020-2023 is complete guide for the new entrants in the industry; the report provides the market history of every product ever retailed by the company. It also provides history of the product types, sales, volume, technology, during the forecast period. The growth rate challenges and barriers are also explained in the Video Surveillance System Market research report. The report shades light on the development rate of the strategies. Products and technologies used in the production, manufacturing and marketing of the report.
The use of video surveillance in business is growing significantly, owing to the increasing need for physical security, coupled with the use of cloud-based services for centralized data. Globally, the drive to enhance the safety and security across different industries is adding to the market growth, significantly. With rapid developments in cloud computing and video surveillance software, the surveillance market has transformed, in comparison to the previous decade.
The growth of the video surveillance market is expected to be fueled by the introduction of new IP-based digital technologies, to detect and prevent undesirable behaviors, such as shoplifting, thefts, vandalism, and terror attacks. Video surveillance is majorly adopted in manufacturing, banking & financial services, and transportation & retail industries. The incorporation is higher in countries, such as the United States, the United Kingdom, China, and Brazil, owing to the large size of the concerned industries and higher awareness among consumers.
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The prominent players in the global Video Surveillance System market are:
Axis Communications Ab, Bosch Security Systems Incorporated, Honeywell Security Group, Samsung Group, Panasonic Corporation, Flir Systems Inc., Schneider Electric, Nice Limited, Infinova Corporation, Zhejiang Dahua Technology Company Limited, Hangzhou Hikvision Digital Technology Company Limited, And Avigilon Corporation,
Market segment by Types:
Market segment by Applications:
Market Segmentation by Region:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Europe, Germany, France, UK, Italy, Russia, Rest of Europe, Central & South America
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Global Video Surveillance System Market Overview:
Video Analytics Software has the largest Market Share
Video analytics for video surveillance have evolved considerably in the past few years, with growing adoption among corporate, government organizations, small and medium enterprises, etc. Video analytics are employed in various applications, such as facial surveillance, license plate recognition, advanced object tracking, dwell and loitering, people count, queue management analysis, and demographics. Analytics have enabled the end users to leverage specific data insights into actionable intelligence for various functions. The insights can be used to generate heat maps, monitor queues in retail outlets and hospitals, etc. The analytic programs also support IP, analog, and megapixel cameras, and can be integrated within the hardware components. The integration reduces the need for extra hardware, thus making the implementation cost-effective.
Key Developments in the Market
November 2017 – Schneider Electric acquired Asco Power Technologies (ASCO), a leader in the Automatic Transfer Switch (ATS). The acquisition enhanced Schneider Electric’s EcoStruxure Power Platform in key markets and segments. Asco is expected to form a part of the group’s Low Voltage (Building) business.
November 2017 – Honeywell introduced self-monitored smart home security system to safeguard and secure homes. The camera base station is expected to enable enhancements in the future, such as facial recognition and wireless motion viewers, to provide expanded home coverage.
September 2017 – Axis Communications AB launched a new network radar detector, AXIS D2050-VE, which is the first product in the market with radar technology. It is powered by the Power over Ethernet Plus (PoE+) and complies with IP66, IK08, and NEMA 4X protection classes, especially for harsh environments.
� January 2017 – Bosch acquired ITK Engineering AG to strengthen the company�s
Furthermore, Global Video Surveillance System Market following points are involved along with a detailed study of each point: –
– Global Video Surveillance System Market Overview, Drivers, Restraints and Opportunities, Segmentation overview
– Global Video Surveillance System Market competition by Manufacturers (2020-2023)
– Production and Consumption by Regions
– Complete profiling and analysis of Manufacturers (2020-2023)
– Manufacturing cost analysis, Materials analysis, Region-wise manufacturing expenses
– Industrial Chain, Sourcing Strategy and Downstream Buyers
– Marketing Strategy Analysis, Distributors/Traders
– Global Video Surveillance System Market Effect Factors Analysis (2020-2023)
– Global Video Surveillance System Market Forecast (2020-2023)
– Global Video Surveillance System Market Research Findings and Conclusion
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.
The research includes historic data from 2015 to 2020, and forecast to 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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