Market Highlights:
Video surveillance systems are the security tools that help reduce crime and protect people and property. There are different Video Surveillance systems available in the market according to the customers’ specific needs and budgets, from large commercial enterprises to home security platforms, from simple camera systems for small offices and businesses to complex solutions for urban traffic management systems. There are two types of video surveillance systems including analog and digital video surveillance system. As compare to analog video surveillance, digital video surveillance systems are easy to install and provide high quality video or images.
Growing concern about public safety due to the dangerous incidences like terrorist attacks the importance of video surveillance in securities increased. The factors such as growing disposable income of people can afford video surveillance as in home security. Video surveillances are also used in different industries like oil and gas, pharmaceutical, construction, communication etc. Furthermore, booming IT infrastructure is expected to boost the growth of the Video Surveillance Market over the forecast period, 2017-2023.
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Segmentation
The market for global digital assistant is segmented on the basis of component and applications. The component is sub-categorized into hardware, software and services. On basis of hardware component the market is further classified into cameras, monitors and storage systems. By applications, the global Video Surveillance System Market is sub-segmented into infrastructure, commercial, institutional, Defense, and residential.
Key Players
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).
Regional Analysis:
On the basis of region, the market can be segmented into North America, Europe, Asia-Pacific and Rest of the world. Asia Pacific region accounted for the largest market share majorly due to the large and fast technology adoption. High disposable income coupled with easy affordability of security devices such as walkie talkie, biometrics, security alarm systems, and video surveillance market in Asia Pacific. Adoption of video surveillance to protect economy and infrastructure from criminal activities and terror attacks is expected to drive the video surveillance market at fast pace.
Asia Pacific is also be the fastest growing region for the video surveillance market due to the increasing security awareness coupled with high security installation at shopping mall, government offices. North America is second largest region for the video surveillance market.
Intended Audience
- Technology Investors
- Research/Consultancy Firms
- Cloud Service Providers
- Security Service Providers
- Managed Service Providers
- Cloud Storage Providers
- Infrastructure Providers
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