Global Video Surveillance Market, By System (Analog Video Surveillance System, IP Video Surveillance System), Offering (Hardware, Software, Service), Vertical (Infrastructure, Commercial, Military and Defense, Residential, Public Facility, Industrial) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses the video surveillance market will exhibit a CAGR of 11.5% in the forecast period of 2021 to 2028 and will reach USD 100.35 billion by 2028.
Video surveillance is a kind of a digitized system which works in any environment and can extract images and videos which can be stored, compressed and monitored. It is commonly used for remote video monitoring, vandalism deterrence, facility protection, traffic monitoring and event video surveillance.
The growing concern relating to public safety and security is driving the expansion of the video surveillance market in the forecast period of 2021 to 2028. Growing adoption of science camera and increasing demand for wireless and spy cameras square are also the major factors driving the expansion of the video surveillance market. Increasing neutral and government funding for developing good cities and rise in big data, IoT, and smart cities are also driving the expansion of the video surveillance market.
Deep learning for video surveillance systems and rise in the use of smart devices for remote monitoring can produce growth opportunities for video surveillance market within the forecast period of 2021 to 2028.
However, the privacy and security concerns regarding video data as well as the requirement for high-capacity storage systems and higher bandwidth are expected to act as major restraints for the video surveillance market, whereas different interoperability standards between cameras from different manufacturers will challenge the growth of the video surveillance market.
This video surveillance market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on video surveillance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Video Surveillance Market Scope and Market Size
- The video surveillance market is segmented on the basis of system, offering and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis system, the video surveillance market is segmented into analog video surveillance system and IP video surveillance system.
- On the basis of offering, the video surveillance market is segmented into hardware, software and service. Hardware is segmented into cameras, monitors, storage devices and accessories. Software is segmented into video analytics and video management system. Service is segmented into video surveillance-as-a-service and installation and maintenance services.
- On the basis of vertical, the video surveillance market is segmented into infrastructure, commercial, military and defense, residential, public facility and industrial. Infrastructure is further segmented into transportation, city surveillance and public places. Commercial is further segmented into enterprises and data centres, banking and financial buildings, hospitals centres, retail stores and malls and warehouse. Military and defence is further segmented into prison and correctional facilities, border surveillance, coastal surveillance and law enforcement. Public facility is further segmented into healthcare buildings, education buildings, government buildings and religious buildings.
Video Surveillance Market Country Level Analysis
The video surveillance market is segmented on the basis of system, offering and vertical.
The countries covered in the video surveillance market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the video surveillance market and will continue to flourish its trend of dominance during the forecast period due to the due to the largest market size. North America will, however, register the highest CAGR for this period due to heavy investments in smart city projects.
The country section of the video surveillance market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Video Surveillance Market Share Analysis
The video surveillance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to video surveillance market.
The major players operating in the video surveillance market report are Hangzhou Hikvision Digital Technology Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Axis Communication AB, Bosh Sicherheitssysteme GmbH, Hanwha Techwin Co. Ltd., Avigilon Corporation, FLIR Systems, Inc., Panasonic i-PRO Sensing Solutions Co. Ltd., Agent Video Intelligence Ltd., Pelco Corporation, CP PLUS International, Huawei Technologies Co. Ltd., Genetec Inc., NICE Ltd., NEC Corporation, Qognify Inc., Tiandy Technologies Co. Ltd., Vivotek Inc., Zhejiang Uniview Technologies Co. Ltd., SAMSUNG, COMMAX Co., Ltd among others.
Customization Available : Global Video Surveillance Market
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