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(Wireless-NewsWire.Com, April 10, 2018 ) 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.
The video surveillance market is expecting growth in the coming years; especially due to rising instances of crimes .Previously, global 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 market and consumer demands.
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The integration of cloud services i.e. video surveillance as a service (VSaaS) plays an integral role in the video surveillance system. Video analytics and video management software form the software components for the video surveillance system. In addition, the use of algorithms and neural networks in the biometric surveillance system further add to the software components for video surveillance systems. It is expected that the advancement in networking services and software technologies will increase the use of video surveillance in the near future.
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.
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.
Video Surveillance Market Key Players
1. Honeywell International Inc.
2. Panasonic Corporation
3. FLIR Systems Inc.
4. Robert Bosch LLC
5. Sony Corporation
6. Pelco (Schneider Electric)
7. Axis Communication Systems
8. Samsung
9. IndigoVision
10. Dahua Technology Co. Ltd.
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