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(Wireless-NewsWire.Com, May 25, 2018 ) Video surveillance market is estimated to grow at a CAGR of 11.8% during the forecast period from 2018 to 2025 and estimated to reach US$ 43.8 Billion by 2025.
Video Surveillance is an advanced technology used for monitoring various activities for safety, managing, and providing exact information to the customers when needed. Video surveillance is more than just observing, recording and storing data. This surveillance can be done by using advanced electronic equipment’s such as closed circuit television (CCTV), which are installed in places such as traffic signals, hotels, schools, offices, and many more. With growing crimes across the globe, the need for enhanced protection and surveillance systems is highly important for commercial, residential, industrial, and infrastructure & institutional. Furthermore, the established companies in the industry are researching on development of robust technologies in order to enhance the operation of video surveillance system installed on various places to meet the surging demand for security and surveillance.
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In our study, we have segmented the video surveillance market by platform, industries, services and geography. The two types of platforms considered in this research study includes hardware and software. The hardware platform is further segmented to understand the market for hardware as camera, monitor, storage device and others. The video surveillance systems have wide range of industry applications such as commercial, industrial, infrastructure, residential and institutional. These industries are sub segmented to signify the demand for video surveillance systems in each industry and the revenue generation trend in the current scenario as well as in the coming years till 2025. The various types of services include hosted video surveillance service, managed video surveillance service and hybrid video surveillance service. Geographically, the market for video surveillance is categorized as North America, Europe, Asia Pacific (APC), Middle East and Africa (MEA) and South America (SAM).
Some of the software companies are also participating in strengthening the video surveillance systems market grip among the end users. The modern IP cameras are now replacing the conventional or analogue cameras, and establishing a new trend of network based video surveillance cameras. The new technologies facilitate the end users by allowing to connect the cameras from a remote location and can fetch data over internet. Hence, the demand for IP cameras are increasing in developed countries as well as developing countries owing to the benefits of the systems, thus, impacting positively on the growth of the market for video surveillance systems in the coming years.
North America video surveillance market is the most matured market across the globe, owing to strict standardization of installation of video surveillance cameras. The governments of the US, Canada and Mexico are compelling different industries to procure video surveillance cameras and systems in order to minimize any sorts of criminal activities. On the other hand, rising criminal activities, terrorist activities and civil unrest actions are leading Asia Pacific region to invest significant amounts in developing and procuring technologically enriched video security cameras and systems. Asia Pacific is estimated to be the fastest growing region worldwide during the forecast period from 2018 to 2025.
The major players operating in the field of video surveillance market includes Honeywell International Inc., Panasonic Corporation, Sony Corporation, Robert Bosch GmbH, Axis Communications, Samsung Electronics Co., Ltd., FLIR System Inc., Pelco (Schneider Electric), IndigoVision Group Plc, and Dahua Technology Co., Ltd. among others. In addition, various other companies are researching on different technologies to improve the surveillance capabilities in order to provide high end security to various industries.
The List of Companies
1. Honeywell International Inc.
2. Panasonic Corporation
3. Sony Corporation
4. Pelco (Schneider Electric)
5. Samsung Electronics Co., Ltd.
6. Robert Bosch GmbH
7. IndigoVision Group Plc
8. FLIR Systems Inc.
9. Axis Communications AB
10. Dahua Technologies Co., Ltd.
4 Market Landscape 17
4.1 Market Overview 17
4.2 Market Segmentation 18
4.2.1 Global Video Surveillance Market – By Platforms 19
4.2.2 Global Video Surveillance Market – By Industries 20
4.2.3 Global Video Surveillance Market – By Service 20
4.2.4 Global Video Surveillance Market – By Geography 20
4.3 PEST Analysis 22
4.3.1 North America PEST Analysis 22
4.3.2 Europe PEST Analysis 25
4.3.3 Asia Pacific PEST Analysis 27
4.3.4 Middle East & Africa PEST Analysis 29
4.3.5 South America PEST Analysis 32
5 Global Video Surveillance Market – Key Market Dynamics 34
5.1 Key Market Drivers 34
Increasing Security Concerns Leading to Surge in Adoption of IP Cameras 34
Rise in Incorporation of Artificial Intelligence in Video Surveillance Systems 35
5.2 Key Market Restraints 36
Threat to Data Security 36
Lack of Standardization in Third World Countries 36
5.3 Key Market Opporunities 37
Rising Demand for High Bandwidth to Transfer Data 37
5.4 Future Trends 38
Technological Advancement in Hybrid Video Surveillance Service 38
5.5 Impact Analysis of Drivers and Restraints 39
6 Video Surveillance Market – Global 40
6.1 Global Video Surveillance Market Overview 40
6.2 Global Video Surveillance Market Forecast and Analysis 42
7 Global Video Surveillance Market Analysis – By Platform 43
7.1 Overview 43
7.2 Hardware 44
7.2.1 Overview 44
7.2.2 Global Hardware Market Revenue and Forecasts to 2025 (US$ Mn) 44
7.2.2.1 Cameras 45
7.2.2.1.1 Overview 45
7.2.2.1.2 Global Camera Market Revenue and Forecasts to 2025 (US$ Mn) 45
7.2.2.2 Monitor 47
7.2.2.2.1 Overview 47
7.2.2.2.2 Global Monitor Market Revenue and Forecasts to 2025 (US$ Mn) 47
7.2.2.3 Storage Devices 48
7.2.2.3.1 Overview 48
7.2.2.3.2 Global Storage Devices Market Revenue and Forecasts to 2025 (US$ Mn) 48
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The Insight Partners
Sameer Joshi
+91 9666111581
sam@theinsightpartners.com
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