Worldwide Video Surveillance is monitoring of activities through video cameras, helping in capturing video images. Increasing demand and concern for security has resulted in the increase in the use of video surveillance.
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It is mostly used by the organizations for prevention and investigation on crime. Surveillance may not only be performed indirectly but may be stored, evaluated and repeated as often as necessary.
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Worldwide Video Surveillance is often opposed by few as it hampers the privacy and sometimes can put public safety at risk. The rising adoption of surveillance systems by the public and private sectors coupled with the growing need for security are the key factors driving the Worldwide Video Surveillance Industry.
The increased maintenance cost of existing surveillance system and the change in technology is leading to video imaging of everything. Also, decrease in the prices of cameras and other Worldwide Video Surveillance equipment is creating a demand for the system.
The Worldwide Video Surveillance Industry is expecting growth in the coming years; especially due to rising instances of crimes .Previously, Worldwide Video Surveillance was only used by government and law enforcement entities but now it is used widely by businesses and everyday consumers including retail, banking, education and transportation. It can also be used for control and regulation purposes.
The change in the quality, price, maintenance and installation of the devices increased the Industry and consumer demands.
The integration of cloud services i.e. Worldwide Video Surveillance as a service (VSaaS) plays an integral role in the Worldwide Video Surveillance system.
Video analytics and video management software form the software components for the Worldwide Video Surveillance system. In addition, the use of algorithms and neural networks in the biometric surveillance system further add to the software components for Worldwide Video Surveillance systems.
It is expected that the advancement in networking services and software technologies will increase the use of Worldwide Video Surveillance in the near future.
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The Worldwide Video Surveillance Industry is expected to be dominated by the APAC region owing to a rapid adoption of new technologies. The primary reason attributable to this growth is the rapid adoption of technologies such as cloud services, analytics and security systems to protect infrastructure and economy from terror attacks and criminal activities.
Furthermore, reduction in IP cameras prices and the overall hardware associated with Worldwide Video Surveillance systems is expected to bolster the Worldwide Video Surveillance Industry in this region.
The Industry for the commercial sector is expected to grow at the highest CAGR during the forecast period 2016 to 2025. The high demand for security systems in large and small retail businesses, financial institutions and banks to provide security to the buildings, maintain cash management, and monitor customers and staff activities.
This enhances security parameters and drives the surveillance system Industry for the commercial sector.
Segmentations Covered in the Video Surveillance Market
- Components: Hardware, Software, Services
- End-user Industry : Infrastructure, Commercial, Institutional, Defense, Industrial, Residential
- Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the leading players in Video Surveillance Market Report
- Bosch Security Systems
- Honeywell Security Group
- Axis Communications AB, Ltd.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- FLIR Systems Inc.
- Panasonic System Networks Co., Ltd.
- Zhejiang Dahua Technology Co.
- Avigilon Corporation
- Samsung Techwin Co., Ltd.
- Nice Systems, Limited
- PELCO (by Schneider Electric)
- Infinova Corporation
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