The Global Video
Surveillance System Market is anticipated to grow at a higher
CAGR in the forthcoming period. Surveillance is the activity of monitoring real
time activities and in turn exchange of information, managing and protection of
resources is the prime motto. Such activities include observation from a long
distance via electronic equipment such as CCTV cameras.
Commercially, with the advent of
technology video surveillance gained prominence due to infrastructural growth
and expansion of city limits. Video surveillance thus ensures exchange of
information in real time and helps in taking necessary steps in a short time.
Driving factors responsible for the growth of video surveillance market
includes rising demand for IP cameras, due to their better functionality.
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Segmentation based on system, the
video surveillance system market includes Analog video surveillance systems,
biometrics surveillance systems and IP video surveillance systems. Based on
hardware, the market includes camera, monitor, storage devices, accessories and
server. Based on software, the video surveillance system industry includes
video analytics, neural networks, video management systems and algorithms.
Based on service, the video surveillance system market includes installation,
maintenance and repair services.
Segmentation based on vertical,
the video surveillance system industry includes infrastructure, commercial,
military & defense, institutional, residential and industrial. Geographical
segmentation for video surveillance system industry spans North America, South
America, Europe, Asia-Pacific, Middle-East and Africa.
APAC market is anticipated to
grow at a higher CAGR in the forthcoming period and also accounting for a
larger share in the video surveillance system industry. Factors such as
inclination towards wireless connectivity, integrated analytics for digital
video recorders have stimulated the growth and adoption of video surveillance
systems in this region.
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North America and Europe market
is also expected to witness a higher growth in the forthcoming period due to
enhanced technological infrastructure and growing need for safety in
residential and commercial sectors. The key players in video surveillance
system market include Axis Communications AB, Bosch Security Systems Inc,
Zhejiang Dahua Technology Co Ltd, Hangzhou Hikvision Digital Technology Co Ltd,
FLIR System Inc, Honeywell Security Group, Pelco Schneider Electric Inc,
Avigilion Corporation, Panasonic System Networks Co Ltd, Hanwha Techwin Co Ltd,
NICE System Ltd and Infinova Corporation.
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