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.
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.
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 global video surveillance market.
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 video surveillance equipment is creating a demand for the system.
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The global video surveillance market is segmented on the basis of components into hardware, software and services. The global video surveillance market is further segmented into end-user industries that include infrastructure, commercial, institutional, defense, industrial and residential among others.
The global video surveillance market is bifurcated on the basis of regions into North America, Europe, Asia Pacific, South America and Middle East & Africa.
The video surveillance market 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 video surveillance systems is expected to bolster the video surveillance market in this region.
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The market 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 market for the commercial sector.
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) and Infinova Corporation are some of the chief markets players in this industry.
Table of Contents
2 Key Takeaways
3 Market Landscape
4 Video Surveillance Market - Key Industry Dynamics
5 Video Surveillance Market Analysis- Global
6 Video Surveillance Market Revenue and Forecasts to 2025 – Competitive Landscape
7 Video Surveillance Market Revenue and Forecasts to 2025 – Components
8 Video Surveillance Market Revenue and Forecasts to 2025 – End-user Industry
9 Video Surveillance Market Revenue and Forecasts to 2025 - Geographical Analysis
11 Industry Landscape
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