Asia Pacific dominated the global smart view system market followed by North America and Europe.
With growing population and increasing crime across the globe, the individual safety is becoming a major concern. In order to overcome such problems, technological implementations such as installations of video camera play a vital role which is realized by many entities and individual around the world.
Smart view system comprises set of various hardware and software such as video surveillance system and recorders. Nowadays, smart view systems can be easily be installed in commercial as well as residential places to ensure the seamless operation while ensuring the high-level security.
By implementing such system within the cities and commercial facilities the local government/municipalities and an individual has benefited in many ways such as increased safety and reduced level of pollutants.
Rising concern over safety, stringent government laws towards video surveillance in commercial places are some of the major drivers along with macroeconomic factors such as increasing national income resulting in infrastructural developments and growing GDP are fuelling the growth of the global smart view systems market. However, the high cost of implementation and slower adoption rate in some countries can pose a major challenge towards the growth of the global smart view systems market.
Global smart view system market is segmented on the basis of geography, by a range and by end users. On the basis of range, the market is segmented into three categories;
- Short Range
- Medium Range
- Long Range
On the other hand, on the basis of end-users the market is categorized into two segments namely; residential and industrial & commercial.
The global smart view system market is expected to grow with the significant rate over the forecast period from 2015 to 2025. As of 2014, the medium range of smart view camera dominated the market, while long rage is expected to expand at higher CAGR.
In terms of volume commercial & industrial segment accounted for more than 60% shares due to expanding industrial and commercial infrastructure activity in developing economies such as India and China.
The global smart view systems market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan and the Middle East & Africa. As of 2014, In terms of value and volume, Asia Pacific is anticipated to remain dominant over the forecast period.
On the other hand, BRIC countries are expected to grow at higher CAGR when compared to other countries in their respective regions.
Some of the key players identified in global smart view systems market are CBS Interactive Inc., ADLINK Technology Inc., CCTV Camera Pros, Secureye Pvt Ltd., Trinet Internet Solutions, Inc. among others.
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