Video Surveillance System Market 2020 With 15.41% ~ CAGR Projections Through 2020-2023 Forecast period, Leading Manufacturers, Product types, Application, Market Sentiment, Focused Regions
The Global Video Surveillance System Market 2020-2023 Research Report provides idealistic and determined details of the Video Surveillance System Market, that assist you in promoting ideas with research-based factors. It offers in-depth data, refines variations of the worldwide Video Surveillance System market to help you in deciding the final strategy. The report features a thorough outlook of the market considering profitability, attractiveness, revenue, and CAGR.
The Video Surveillance System Market Research Report also focuses on leading industry Manufacturer with information such as company profiles, products, and services offered financial information throughout 2020 – 2023
- Axis Communications AB
- Bosch Security Systems Incorporated
- Honeywell Security Group
- Samsung Group
- Panasonic Corporation
- FLIR systems Inc.
- Schneider Electric SE
- NICE Limited
- Infinova Corporation
- Zhejiang Dahua Technology Company Limited
- Hangzhou Hikvision Digital Technology Company Limited
- Avigilon Corporation
The Video Surveillance System Market Report offers an accurate financial assessment of each leading Competitor based on their business data that includes estimation of gross margin, Video Surveillance System Market sales volume, profitability, pricing erection, product value, cost structure, revenue, and growth rate.
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Summary of Video Surveillance System Market:
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 (2020 – 2023). 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.
Emergence of Video Surveillance-as-a-service (VSaaS) is Driving Market Growth
With the development of smart cameras and different types of associated sensors, there has been a shift toward more in-band analytics. This convergence of factors is laying a strong foundation for VSaaS. For instance, surveillance services are centralized in commercial premises where they use smart cameras, along with in-band analytics and other associated sensors for automating functions that require multiple personnel. These factors have enabled a more proactive approach to perform surveillance and connect the gaps between prosecution models, with a more efficient security system. Though VSaaS has been a prominent choice of commercial and residential users, bandwidth costs have always been a major concern, while sending high-resolution videos onto the cloud. Thus, the emergence of video surveillance-as-a-service has been driving the global video surveillance system market’s growth.
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.
North America expected to Dominate the Market over the Forecast Period
In the United States, after the 9/11 terror attacks, there has been a significant rise in the demand for effective security and surveillance systems. Recently, Memphis Police Department (MPD) teamed up with Hangzhou Hikvision Digital Technology, a supplier of innovative video surveillance products, to deploy holistic security solutions, to ensure safety of the residents of Memphis. With the help of video surveillance systems, the Memphis city has also built a Real Time Crime Center, which can be used to monitor live video feeds and provide crucial information to officers, prior to arriving at a crime scene. Recently law enforcement authorities have started the deployment of drones for video surveillance, as they offer an effective real-time solution to track fugitives. Police departments of Arkansas, Little Rock, Miami-Dade, Florida, and Arlington, Texas have reported the use of drones for surveillance.
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Reasons to Purchase this Report
The Video Surveillance System Market 2020-2023 Analysis objectives of the report are:
- To analyze Video Surveillance System Market regarding growth trends, anticipation and also their participation in the entire sector.
- To equitably share in-depth info regarding the vital elements influencing the increase of industry (growth capacity, probability, drivers and industry-specific challenges and risks).
- To know the Video Surveillance System Market by distinguishing its many sub-segments.
- To examine and study the market size (volume & value) from the company, essential regions/countries, products and application, background information from 2013 – 2020 and also prediction to 2023.
- To profile the Leading players in the industry and analyze their growth plans.
- To venture the amount and value of sub-markets, depending on key regions.
- Primary worldwide Antifouling Paints and Coatings Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis, and development plans next coming years.
- To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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The growth of this market worldwide is subjected to various factors; including consumer world-class Video Surveillance System Market of many Video Surveillance System Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, Video Surveillance System Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the Video Surveillance System Market competitors.
Mr. Ajay More
Phone: +14242530807 / + 44 20 3239 8187
Email: [email protected]
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