Video Surveillance also referred as closed circuit television account for the largest segment of security technology across the globe. Video surveillance solutions are security modules which help in reducing crime. These solutions dissuade loss from destruction of valuable information, stolen merchandise and vandalism. Apart from crime detection, video surveillance technologies are also employed to serve a wide range of applications such as crowd control, traffic management, etc. Additionally, recent attacks on national security coupled with increasing criminal activities across the globe have obliged the governments to inspect their existing security procedures. Given the scenario, continuing investments in infrastructural development such as roads, railways, communication and airports networks are augmenting the demand for video surveillance solutions.
Owing to the recent advancements in high definition cameras, the video surveillance market is probable to foresee heightened and lucrative opportunities over the forecast period. In addition, the increasing acceptance of do-it-yourself video surveillance especially for home security purposes, the global video surveillance market is anticipated to gain increased momentum in the foreseeable years. On the downside, concerns related to privacy as well as high costs of IP video surveillance market is expected to create bottlenecks in the global market. The employment of video surveillance in businesses is significantly growing due to the increased requirement of physical security along with the deployment of cloud-based video surveillance for easy access to centralized data. Moreover, with rapid developments in video surveillance software and cloud computing, the surveillance market has transformed to a great extent as compared to the past decade. Also, introduction of advanced IP-based CCTV technologies to prevent unwanted acts such as thefts, shoplifting, terror attacks and vandalism, etc. is projected to boost the growth of the global video surveillance market. Video surveillance is chiefly adopted in banking & financial services, manufacturing, transportation, retail, etc.
With the advancements in the development of sensors and smart cameras, consumers are more inclined towards in-band analytics. This has laid a strong basis for video surveillance as a service (VSaaS). For instance, surveillance services which are federal in commercial sites along with rising adoption of in-band analytics and associated sensors for systematizing functions that require multiple personnel are further driving the market growth. These factors have allowed a relatively more practical approach to achieve surveillance and fill the voids between prosecution models with a more efficient security system. Though VSaaS has been a noticeable choice of commercial and residential users, bandwidth costs have always been a most important concern, while directing high-resolution videos onto the cloud. Therefore, the emergence of video surveillance-as-a-service has been motivating the global video surveillance system market’s growth.
The global video surveillance market is divided into by system such as IP video surveillance systems, analog video surveillance systems, and biometrics surveillance systems. Video surveillance market can be further bifurcated into hardware, software, and service. Also, video surveillance market can be segmented into application such as military & defense, residential, commercial, infrastructure, institutional and industrial.
The need for safety and security, video surveillance has emerged as a service solution (VSaaS) in various application such as commercial, residential, defense and others. The cloud based technology linked with VSaaS for video storage has provided the customers to access and manage those videos.
Looking at the tremendous potential of the video Surveillance market, there are several companies that offer clients a platform to overlook their safety and security affairs. Bosch Security Systems Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Axis Communications AB, Infinova Corporation, NICE System Ltd., Honeywell Security Group, Panasonic System Networks Co., Ltd., Pelco by Schneider Electric, Hanwha Techwin Co., Ltd., Zhejiang Dahua Technology Co., Ltd., Avigilon Corporation and FLIR Systems Inc. among others are some of the key companies across the world that offer a platform to safety and security. These companies enter into tie-ups with global leaders.
The global video surveillance market is segmented
By IP video surveillance systems
By Analog video surveillance systems
By Biometrics surveillance systems
Market By Geography
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Latin America
o Rest of Latin America
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA