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North America is the largest market for cctv followed by Europe and Asia according to new research report

Industrial Market Research

CCTV Market [By Camera Type (IP, Analogue) By Technology (CMOS, CCD) By End User (Hospital, Hotel, Real Estate, IT Sector) By Channel (Distribution, Retail) By Country (India, China, USA, Canada, France, Germany, Italy, Spain)]- Global Forecast to 2020

The use of CCTV cameras at the traffic signals allows the flow monitoring of the traffic, it allows the authorities to understand the traffic density at peak hours and thus aid in reducing the traffic congestions at signals. Moreover, the use of these at the commercial places enhances the safety measures and thus help to reduce the risks from any robbery or theft thereby driving the market.

The use of the CCTV’s for video analytics features such as heat mapping, motion detection, people counting, among others is expected to further drive the market growth of CCTV in coming years. The global CCTV market is expected to grow at USD 33.89 Billion by 2020, approx. 18% of CAGR between 2016 and 2020.