The global Video Surveillance Market size is likely to portray a significant growth, expanding at a double-digit CAGR over the years ahead. The Video Surveillance Market value is anticipated to cross the USD 100 billion mark by the end of 2025. Widespread adoption of security and surveillance systems in commercial and residential buildings is one of the major industry growth supporting factors. —
Video surveillance systems are now an essential part across several industry verticals. These industries utilize various hardware and software products to monitor and detect suspicious activities. They are also used for the purpose of maintaining law and order in the society.
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****Some of the global Video Surveillance Market leaders are;
Bosch Security Systems Incorporation,
Axis Communications AB,
Hangzhou Hikvision Digital Technology Company Limited,
Honeywell Security Group
Flir Systems Incorporation
Changing lifestyle and increasing awareness for home security has propelled the demand for video surveillance systems especially in the residential sector. However, exorbitant initial installation costs and further maintenance is expected to inhibit the market growth over the forecast period.
The IP based video surveillance systems are rapidly replacing analog based, owing to their superior features such as advanced processing capability, technologically advanced product components, and ease of installation. Furthermore, the evolution of high-definition (HD) cameras and software has drastically changed the landscape of the security industry, which has opened vast business opportunities for the IP based video surveillance systems market. In addition to this, rising adoption of cloud-based services, better video compression capabilities, and integration with data analytics are some of the continually developing trends that are expected to boost the future growth of the IP based segment.
The hardware segment is anticipated to maintain its dominance among the next major component segments such as software and services. However, the software and services segments are anticipated to gain a noteworthy market share by 2025, due to an increase in demand for advanced security systems, especially in North America and Europe. Incorporation of small-sized cameras with unaltered performance is the latest trend witnessed in the video surveillance hardware sector. Additionally, integration with other interfaces and capability of providing surveillance even at remote locations are some of the add-on features in camera components.
Asia Pacific is projected to be the largest market for video surveillance systems by 2025, owing to growth in industrial activities and high demand for surveillance systems in the residential sector. China alone is estimated to have a lion’s share in Asia Pacific as well as the global market, owing to high market penetration across most of the verticals and large presence of local players.
South Korea and India are the other countries to showcase favorable development in the video surveillance sector. Countries such as China and South Korea are utilizing artificial intelligence platforms for facial recognition and monitoring of suspicious activities. For instance, in March 2018, Hangzhou Hikvision Digital Technology Co., Ltd. showcased its new "AI Cloud" platform at the SECON 2018 Expo held in Seoul, South Korea. Implementation of this platform is considered to benefit the respective national governments in improving public surveillance over the coming years.
FaceTagr, an India based AI company recently collaborated with the Railways and Civil Services departments in Chennai, to offer its proprietary facial recognition technology that can be assembled with CCTV cameras. This proved fruitful for both the departments to track down and maintain a criminal database and child trafficking activities.
The global Video Surveillance Market has a fragmented nature, with the presence of numerous global as well as Chinese local players.
The technological advancement over the recent years has propelled the global Video Surveillance Market industry to be highly competitive. The industry players are focusing on product development in order to sustain the increasing competition and to support the growing consumer demand. For instance, in April 2018, Avigilon Corporation introduced a new video intercom secured entry system that combines the use of video and bi-directional audio devices along with a video management software, Control Center, for 24/7 entry control. This is expected to benefit the company in strengthening its product portfolio over the years ahead.
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System type overview, 2014-2025 (USD Million)
Component Overview, 2014-2025 (USD Million)
Camera (Thousand Units) (USD Million)
Storage media (Thousand Units) (USD Million)
***Vertical Overview, 2014-2025 (USD Million)
Military & Defense
Commercial & industrial
Transportation & logistics
***Regional Overview, 2014-2025 (USD Million)
Middle East & Africa
Some Points from TOC :
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Scope, definition, and assumptions
Chapter 3. Market Outlook
Value chain analysis
Chapter 4. Video Surveillance Market Overview, By System Type
Chapter 5. Video Surveillance Market Overview, By Component
Hardware Market size and projections, 2014-2025 (USD Million)
Chapter 6. Video Surveillance Market Overview, By Vertical
Military & defense
Commercial & industrial
Transportation & logistics
Chapter 7. Video Surveillance Market Overview, By Region
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