Global Video Surveillance Industry to 2025 Forecast and Key developments |The Insight Partners
The “Global Video Surveillance Industry report categories the global Industry by Components, End-user and Geography” report provides a detailed overview of the major factors impacting the global Industry with the Industry share analysis and revenues of various sub segments.
Global Video Surveillance is monitoring of activities through video cameras, helping in capturing video images. Increasing demand and concern for security has resulted in the increase in the use of video surveillance. It is mostly used by the organizations for prevention and investigation on crime. Surveillance may not only be performed indirectly but may be stored, evaluated and repeated as often as necessary.
Global Video Surveillance is often opposed by few as it hampers the privacy and sometimes can put public safety at risk. The rising adoption of surveillance systems by the public and private sectors coupled with the growing need for security are the key factors driving the Global Video Surveillance Industry. The increased maintenance cost of existing surveillance system and the change in technology is leading to video imaging of everything. Also, decrease in the prices of cameras and other Global Video Surveillance equipment is creating a demand for the system.
The Global Video Surveillance Industry is expecting growth in the coming years; especially due to rising instances of crimes .Previously, Global Video Surveillance was only used by government and law enforcement entities but now it is used widely by businesses and everyday consumers including retail, banking, education and transportation. It can also be used for control and regulation purposes. The change in the quality, price, maintenance and installation of the devices increased the Industry and consumer demands.
The integration of cloud services i.e. Global Video Surveillance as a service (VSaaS) plays an integral role in the Global Video Surveillance system. Video analytics and video management software form the software components for the Global Video Surveillance system. In addition, the use of algorithms and neural networks in the biometric surveillance system further add to the software components for Global Video Surveillance systems. It is expected that the advancement in networking services and software technologies will increase the use of Global Video Surveillance in the near future.
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The Global Video Surveillance Industry is expected to be dominated by the APAC region owing to a rapid adoption of new technologies. The primary reason attributable to this growth is the rapid adoption of technologies such as cloud services, analytics and security systems to protect infrastructure and economy from terror attacks and criminal activities. Furthermore, reduction in IP cameras prices and the overall hardware associated with Global Video Surveillance systems is expected to bolster the Global Video Surveillance Industry in this region.
The Industry for the commercial sector is expected to grow at the highest CAGR during the forecast period 2016 to 2025. The high demand for security systems in large and small retail businesses, financial institutions and banks to provide security to the buildings, maintain cash management, and monitor customers and staff activities. This enhances security parameters and drives the surveillance system Industry for the commercial sector.
Segmentations Covered in the Video Surveillance Market
- Components: Hardware, Software, Services
- End-user Industry : Infrastructure, Commercial, Institutional, Defense, Industrial, Residential
- Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the leading players in Video Surveillance Market Report
- Bosch Security Systems
- Honeywell Security Group
- Axis Communications AB, Ltd.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- FLIR Systems Inc.
- Panasonic System Networks Co., Ltd.
- Zhejiang Dahua Technology Co.
- Avigilon Corporation
- Samsung Techwin Co., Ltd.
- Nice Systems, Limited
- PELCO (by Schneider Electric)
- Infinova Corporation
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Reason to buy
- Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
- The key findings and recommendations highlight crucial progressive industry trends in the Video Surveillance Industry, thereby allowing players across the value chain to develop effective long term strategies
- Get reliable information about the strategies manufacturers in this Industry use to drive revenue
- Gain insights into the competitive landscape, to strengthen Industry competitiveness and positioning
- Highlights key business priorities in order to assist companies to realign their business strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging industries
- Scrutinize in-depth global Industry trends and outlook coupled with the factors driving the Industry, as well as the those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
- Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition
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