Video Surveillance Market report provides detailed information regarding major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the video surveillance market.Video Surveillance Market Analysis by Top Regions Forecasts report added on ReportsnReports.com. The Video Surveillance Market is expected to grow from USD 36.89 billion in 2018 to USD 68.34 billion by 2023, at a CAGR of 13.1% between 2018 and 2023.
Major players in the video surveillance market are Hikvision (China), Dahua (China), Axis Communications (Sweden), Bosch Security Systems(Germany), FLIR (US), Avigilon (Canada), Hanwha Techwin (South Korea), Honeywell Security Group (US), Infinova (US), Pelco (US), BCD Video (US), CP Plus (India), Nice Systems (Israel), Panasonic (Japan), Tiandy (China), Uniview (China), Vivotek (Taiwan), and Zicom (India).
Download Brochure of Video Surveillance Market spread across 193 Pages, Profiling 18 Companies and Supported with 77 Tables and 65 Figures is now available at www.reportsnreports.com/contacts/r….aspx?name=268110 .
Video surveillance market for IP video surveillance systems to grow at a faster rate during the forecast period
The video surveillance market for IP video surveillance systems is expected to grow at a higher CAGR during the forecast period. The market for IP video surveillance systems is expected to grow at a rapid pace in the near future owing to technological advancements in IP cameras as well as in the storage device industry.
In addition, declining prices of IP cameras and IP surveillance systems have contributed to the increasing applicability of these systems in the commercial vertical that include enterprises and data centers, retail stores and malls, and banks and financial buildings.
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VSaaS expected to grow at the highest CAGR for video surveillance market during the forecast period
VSaaS, or Video Surveillance-as-a-Service, refers to hosted cloud-based video surveillance. The service typically includes video recording, storage, remote viewing, management alerts, and cyber security.
It is a combination of recording and watching images on monitors or mobile phones through data centers. VSaaS reduces the maintenance and hardware cost, offers remote access to the data at any time, and provides flexibility in adding and managing cameras, which makes it as a prevalent choice among users.
Availability of high-speed internet is also helping the market for VSaaS to grow further as high internet speed is one of the basic requirements from the service providers as well as from the customer end.
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APAC is expected to grow at the highest rate for the video surveillance market during the forecast period
Asia Pacific is the fastest-growing region in the video surveillance market owing to heavy investments in building new and improve existing infrastructure. The market for video surveillance systems and services in Asia Pacific is likely to continue to grow significantly at a high rate in the near future.
The increase in the terrorist activities is one of the important factors influencing governments to adopt IP surveillance systems for high security and government buildings. The commercial and infrastructure verticals are expected to exhibit significant growth in the video surveillance market in APAC.
Furthermore, Asia Pacific has majorly adopted the video surveillance technology in the retail sector due to its capabilities such as remote monitoring and real-time access control.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across regions.