Video Surveillance Market Expected to Boost Moderately over 2023

Posted by Minakshi on February 15th, 2021

Market Overview:

The increasing adoption of internet of things application is boosting the video surveillance market growth. It is required to meet the demand of advanced security solution. For the smart city project, the video analytics are extensively used for smart buildings, traffic management, retail & logistic operations among others. The video surveillance offers high quality image which could help in tracking and monitoring behavior of the people, traffic, and other activities very quickly. The video analytics are used for face recognition, behavioral analytics, and illicit action prediction among other factors. The smart city project requires technological advanced video surveillance solution for providing real-time information, monitoring traffic, and others.

Get Free Sample Report :

Increasing adoption of smart city is another driving factor in the growth of Video Surveillance market. The smart city project provides smart warnings such as intelligent traffic alert, and disaster warning and allows quick access to events and incidents. The increasing demand of biometric applications, video management and internet of things are some of the key factors which are propelling the video surveillance application across the world.

The market for global Video Surveillance is segmented on the basis of component and applications. Based on component segments, video surveillance market is segmented as hardware, software and services. Hardware components accounts for highest market share and is estimated to grow with 17% CAGR. Cameras, monitor, and storage systems are the different components comes under hardware part of video surveillance. Cameras are the most essential part of the video surveillance that are used for monitoring areas by capturing videos. These cameras are attached to encoders, and analog gateway network modules for sharing and routing the services on surveillance network. Video inputs, a video decoder, an audio codec, display & motion controllers, and video compression/decompression are the different parameters deals with components of a camera.

Video surveillance are used in variety of applications, including infrastructure, commercial, institutional, Defense, and residential. Due to the wide range of features, video surveillance or security cameras are common in every industry now a days. Traffic monitoring, public safety, parking monitoring and vehicle safety, event security, and employee safety, are some other applications of video surveillance.

North America leads the market for global Video Surveillance market. The technical advancements in the region and developed network architecture and high adoption rate of surveillance equipment are the factors that are driving North America in lead position. Europe bags the second place in the market for global Video Surveillance followed by Asia Pacific. The improvement in network infrastructure and increasing adoption of cloud based services by industries which there by expected to fuel the market growth in the region.

Some of the key players in the market are Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), Bosch Security Systems Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), FLIR Systems Inc. (U.S.), Honeywell Security Group (U.S.), Avigilon Corporation (Canada), Pelco (U.S.), Panasonic System Networks Co., Ltd. (Japan), Hanwha Techwin Co., Ltd. (South Korea) and NICE System Ltd. (Israel).

Market Research Future (MRFR) publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit.

About Market Research Future:

Market Research Future (MRFR) is a reliable firm that undertakes an extensive analysis of markets in various domains. Our teams of research analysts gather relevant data through painstaking primary and secondary research that aims to give clients a complete outlook on markets of their interest. The data is compared against third-party agencies and reputed organizations for estimating valuations and revenue projections.

MRFR’s goal in providing a comprehensive coverage of the market replete with latest trends, niches, developments, and insights can be lucrative for business needs. We aim to push our clients to the forefront by guiding them with astute information for making informed decisions. Our market intelligence can track down key issues in industries and be modified as per the fluctuations in economic scenarios. The reports are customized and offered as per a specific region or country and adhere to latest policies.

Like it? Share it!


About the Author

Joined: January 28th, 2021
Articles Posted: 259

More by this author