Global Surveillance Systems Market Status and Prospect, Forecast 2018 to 2026
Posted by Andreas Winkler on March 5th, 2018
Surveillance equipment refers to items that are used to monitor activities, behavior, normally of people and quite often in a clandestine manner. It usually refers to observation of individuals or groups by government bodies. Surveillance equipment (https://marketresearch.biz/report/surveillance-systems-market/)has had a number of privacy concerns over the past years, with human rights groups disapproving it, due to it being an invasion of privacy. Despite of these challenges, both private and public enterprises rely heavily on surveillance equipment for security purpose.
Key factors driving growth of global surveillance systems are increasing threats of terrorist attacks, rising security concerns in sensitive sectors such as government, defense, banking, as well as, at commercial establishments. Non-security deployments in logistics and traffic management, increasing demand for wireless network infrastructure are also other factors boosting growth of the global surveillance systems market over the forecast period. In addition, wireless video surveillance provides security to critical infrastructures such as airports and cities without the additional installation and maintenance cost
Integration of new innovative technologies, expanding application areas, and migration of vendors from analog security systems to IP based surveillance systems is expected to provide a potential opportunity for the market players. However, need for high-capacity storage and civil liberty and privacy issues are likely to restrain growth for the global surveillance system market.
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The surveillance systems market has been segmented based on type, components, end-users, and region. North America dominated the global surveillance market in 2016, and is expected to continue its dominance over the forecast period, followed by Europe, due to stringent regulations and threat of terror attacks. Asia-Pacific is expected to grow at the highest CAGR, owing to adoption of new technologies (cloud services and other analytics technologies) and security systems to protect economy and infrastructure from criminal activities and terror attacks. Moreover, China is in the process of undertaking several projects, especially in the infrastructure sector such as rail, airport, stadia, and highway systems, which require High Definition surveillance systems that can capture clear images even in the dark.
Key players profiled in global surveillance system market includes Revo, Amcrest, LaView, Security Labs, Q-SEE, Defender, SecurityMan, Axis Communications AB, Bosch Security Systems Incorporation, Zhejiang Dahua Technology Company Limited, Hangzhou Hikvision Digital Technology Company Limited, and Flir Systems Incorporation.
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