Video Surveillance Market Anticipated to Grow at a CAGR of 15.04% during 2016-2024

New York, USA, 2018-Dec-01 — /EPR Network/ —

As per Goldstein Research analysis, video surveillance market size is projected to be valued at more than USD 76.84 billion by 2024, growing at a CAGR of 15.04% over the forecast period 2016-2024. The factors such as the need to secure various buildings, sites and premises due to rising security threats and increasing instances of crime and terror attacks are driving the growth of the global video surveillance market. Based on solutions segmentation, the hardware segment accounted for 40% market share in 2016. Whereas based on geography, the video surveillance market share is majorly acquired by North America with 40% market share in 2016.Whereas the high statistics of crime rates in Asia Pacific region has compelled the government & various private institutions to adopt advanced technologies for the purpose of security of economy and infrastructure of the societies.

Market Segmentation

Global Video Surveillance Market can be segmented as follows:

On the basis of system

• Analog surveillance system
• IP surveillance system
• Biometrics surveillance system

On the basis of solutions

• Hardware solutions
• Camera
• Monitor
• Server
• Storage device
• Accessories
• Software solutions
• Video analytics
• Video management system
• Neural networks
• Services
• Installation
• Maintenance
• Repair services

On the basis of verticals

• Banking & Financial
• Government & Transportation
• Retail & Logistics
• Commercial Offices
• Industrial & Manufacturing
• Residential
• Hospitality & Healthcare
• Educational Institutions

By Region

• North America Video Surveillance Market Analysis, 2016-2024
• Europe Video Surveillance Market Analysis, 2016-2024
• Middle East And Africa Video Surveillance Market Analysis, 2016-2024
• Latin America Video Surveillance Market Analysis, 2016-2024
• Asia Pacific Video Surveillance Market Analysis, 2016-2024
• Rest Of The World Video Surveillance Market Analysis, 2016-2024

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“Global Video Surveillance Market Outlook 2024” contains a detailed overview of the global video surveillance market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by system, solutions, verticals, and geography.

The Global Video Surveillance Market Report highlights the in-depth analysis of the video surveillance market report that will help the clients to assess their business strategies as per the competitive environment in the market space. The competitive outlook of major global players discussed in the global video surveillance market report includes the business strategies, revenue distribution, financial analysis, product portfolio, R&D activities, and investments.

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Major players of the global video surveillance market discussed in the report are: Axis Communications AB, Bosch Security Systems Inc., Zhejiang Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., FLIR Systems Inc, Honeywell Security Group, Avigilon Corporation, Pelco by Schneider Electric, Panasonic System Networks Co., Ltd., Hanwha Techwin Co., Ltd., Samsung Techwin Co., Ltd., NICE System Ltd., Infinova Corporation,etc.

Further, Global Video Surveillance Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the market. The Video Surveillance Market outlook also comprises key challenges, risk analysis, BPS analysis, SWOT Analysis, and Market Attractiveness. The report also highlights the expert analysis to provide a complete overview of the market including the PESTLE analysis of each region and country.

Global Video Surveillance Market is driving on the basis of advancement in mention below industries:

Video Surveillance Storage Market

The major driving factor for the expansion of Video Surveillance Storage Market is high definition, megapixel network cameras which resulted in the decrease in price and begun to proliferate, the need for reliable and scalable storage space has risen. Further, widespread adoption of closed-circuit television cameras has accelerated its convergence with the IT industry, and heralded in a period of robust expansion and is accountable to cause an escalation in demand for enterprise storage solutions, particularly for the storage-intensive verticals of Government, City Surveillance, and Transportation.

Surveillance Robots Market

various unmanned robots such as drones founded vast applications for monitoring and security purposes and is used by defense and civil sectors as well as used by individuals and companies for their personal surveillance benefits such as child care, security, and more. Moreover, numerous industry operators already automated the major operations in order to reduce the error and to increase productivity. The global Surveillance Robots Market size is set to reach USD 10.23 billion by 2025, growing at a CAGR of 14.3% over the forecast period.

 Airborne Surveillance Market

major driving factor for the growth of Airborne Surveillance Market is the ease and remote monitoring features of the systems, even of the unreachable areas has increased the use of airborne surveillance all over the world. Further, continuous innovation and technological advancement trend are growing the dependency on the airborne surveillance systems. However, airborne surveillance requires high capital investment, high maintenance and ground support to the personnel during surveillance, competitive operational, maintenance, and logistics services, which poses a major challenge for market players.

Cameras Market

The global Camera Market is expected to reach USD 15.9 billion by 2024, declining at a CAGR of 1.2% over the forecast period 2016-2024.The sale of smartphones with continuous improving camera quality is eating the HD camera market share. Expansion of product line and launching innovative design and technology products is expected to drive the market. The camera market is expanding product lines and innovation in design and technology. Global HD camera market has profited from the new segments as a result of continuous innovation in the photo and imaging industry.