Wireless Monitoring and Surveillance Market Opportunities and Forecast 2023
Posted by Akash Sangshetti on October 8th, 2019
The global wireless monitoring and surveillance market was valued at USD 44.55 billion in 2017 and is expected to reach USD 111.10 billion in 2023 at a CAGR of 16.85%.
Wireless monitoring and surveillance is an advanced measure of monitoring and surveillance using cameras, monitoring systems, and wireless connectivity. It is the same Wi-Fi technology that is used in residential and corporate complexes. Wireless monitoring is faster than traditional methods as the Wi-Fi mostly used in these systems has a wide area coverage. Additionally, these signals can be enhanced by using repeaters and network boosters. The major advantage of using wireless technology is low interference.
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However, wireless transmission has its disadvantages. The signals of Wi-Fi can be easily distorted or intercepted. It becomes essential for system integrators to have a suitable precautionary measure such as firewalls. Various other wireless technologies such as Zigbee, Bluetooth Low Energy, NB-IoT are used for increasing the efficiency and throughput of the data transmission. It has been witnessed by various end-users that wireless monitoring is cheaper than the traditional wired monitoring and surveillance. It also provides an ability to connect with different IoT devices for remote surveillance.
Global wireless monitoring and surveillance market can be segmented as follows:
The prominent players in the wireless monitoring and surveillance market are – Texas Instruments Inc. (US), National Instruments Corporation (US), D-Link Corporation (US), The ADT Corporation (US), Cisco Systems Inc. (US), Uniden Corporation (Japan), Robert Bosch GmbH (Germany), Axis Communications AB (Sweden), Honeywell International Inc. (US), and Panasonic Corporation (Japan). These players focus on expanding tapping emerging geographies by merging with companies operating locally.
Other players in the wireless monitoring and surveillance market include Sigfox (France), Xsensio (Switzerland), Credit Karma (US), Telensa Ltd (UK), Actlight (Switzerland), Enevo (Finland), Perpetuum (UK), Sony Corporation (Japan), Vision Semantics (UK), Calipsa (UK), Attero (India), Intamac (UK), and others.
These players majorly focus on research and development to innovate products and enhance its performance enabling them to stay competitive in the wireless monitoring and surveillance market.
The global market for wireless monitoring and surveillance is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The regional analysis of wireless monitoring and surveillance market is studied for North America, Europe, Asia-Pacific, and the rest of the world. Among the regions mentioned above, the wireless monitoring system and surveillance have spread its roots in North America and most of Europe. Wireless monitoring systems are rapidly replacing the traditional monitoring and surveillance system. There is a rising need for efficient video surveillance in public as well as private sector across the US, Canada, UK, France, and Germany. There is a close competition between North America and Europe for the dominating region. However, Europe is expected to lead the market by the end of the forecast period due to emerging startups and already established vendors in this region catering to the growing need for effective security measures across the globe. On the other hand, Asia-Pacific is expected to be the fastest growing region. One of the major factors for this fast growth is urbanization and fastest growing emerging economies.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Stud
2.3 Research Objectives
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of Wireless Monitoring And Surveillance Market
5 Market Landscape
5.2 Growth Drivers
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About the AuthorAkash Sangshetti
Joined: October 1st, 2019
Articles Posted: 322
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