Video Surveillance Market to 2028 Global Analysi Forecasts – The Insight Partners.
Posted by niket gore on August 3rd, 2022
In our study, we have segmented the video surveillance market by platform, industries and services. The platform segment includes hardware and software. The various industries considered in the research study includes commercial, industrial, infrastructure, residential and institutional sectors. There are various types of services offered to the end users by the manufacturers as well as outsourced companies such as hosted video surveillance services, managed video surveillance services and hybrid video surveillance services.
The video surveillance market is estimated to account for US$ 43.8 Bn by the end of 2028, escalating at a CAGR of 11.8% during the forecast period from 2022 to 2028, from US$ 18.3 Bn in 2017. The growth of video surveillance market is attributed to the rising adoption of internet protocol (IP) cameras among the end users in the developed countries as well as developing nations. The major advantage of IP cameras over conventional cameras is the benefit of transferring captured data or imageries directly over internet, within a fraction of second. The TCP/IP cameras are either centralized, which requires Network Video Recorder (NVR) to monitor recordings, or decentralized in which the camera recording can be stored in any local or remote storing devices. The usage of Wi-Fi is also available with the IP cameras for transferring data instantly. In addition, the option for installing various video analytics software in the IP cameras for automatic analysis of the imageries by the cameras are also increasing the interest among the end users. The other advantages of IP camera over traditional analog cameras are the high resolution picture quality, facilitating in understanding and analyzing the situations in a better way, and larger region can be monitored using a single camera.
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The video surveillance market possesses number of advantages in enhancing the security of different commercial work space, shopping malls, traffic signals, parks, commercial parking spaces, and various industries among others. Attributing to these benefits, the Government of developed economies as well as developing economies are introducing stringent rules to deploy and install technologically enriched video surveillance cameras and systems across each country. Another factor boosting the market for video surveillance is the integration of analytics with the systems. the analytics software are customizable as per the requirement of end users. The requirement of video analytics software for every end user is different depending upon the industries, and thus similar analytics software is off the track technology. The software companies or the video surveillance systems manufacturers are developing robust analytic technologies for wide range of video surveillance applications. Owing to this, the manufacturers or software developers offer the end users with the option of customizing the software that suits the requirements of the end users. This factor is also increasing the interest among various industries to incorporate video surveillance systems with artificial intelligence
The global video surveillance market has been segmented, based on different parameters such as platform, industries, services and geography. Based on platform, the market for video surveillance is bifurcated into hardware and software. The hardware platform is sub segmented as cameras, monitor, storage device and others. On basis of different industries, the video surveillance market is categorized as commercial, residential, industrial, infrastructural and institutional. The different types of services offered by the companies operating in the field of video surveillance includes hosted service, managed service and hybrid service. The market is further examined by evaluating the market on basis of five strategic regions worldwide as North America, Europe, Asia Pacific, Middle East and Africa, and South America.
The key players operating in the field of video surveillance across the globe Honeywell International Inc., Robert Bosch GmbH, Panasonic Corporation, Sony Corporation, Pelco Corporation (Schneider Electric), Samsung Electronics Co., Ltd., Axis Communications AB, FLIR Systems Inc. Dahua Technology Co., Ltd., Samsung Electronics Co., Ltd., and IndigoVision Group Plc.
The report segments the global video surveillance market as follows:
· Asia Pacific (APAC)
· Middle East & Africa (MEA)
· South America (SAM)
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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About the Authorniket gore
Joined: July 6th, 2022
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