Video Surveillance Systems Market Snapshot & Growth Prospect Mapping|2018

The global video surveillance system market is anticipated to grow at a higher CAGR in the forthcoming period. Surveillance is the activity of monitoring real time activities and in turn exchange of information, managing and protection of resources is the prime motto. Such activities include observation from a long distance via electronic equipment such as CCTV cameras.

Commercially, with the advent of technology video surveillance gained prominence due to infrastructural growth and expansion of city limits. Video surveillance thus ensures exchange of information in real time and helps in taking necessary steps in a short time. Driving factors responsible for the growth of video surveillance market includes rising demand for IP cameras, due to their better functionality. Segmentation based on system, the video surveillance system market includes Analog video surveillance systems, biometrics surveillance systems and IP video surveillance systems. Based on hardware, the market includes camera, monitor, storage devices, accessories and server. Based on software, the video surveillance system industry includes video analytics, neural networks, video management systems and algorithms. Based on service, the video surveillance system market includes installation, maintenance and repair services.

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Segmentation based on vertical, the video surveillance system industry includes infrastructure, commercial, military & defense, institutional, residential and industrial. Geographical segmentation for video surveillance system industry spans North America, South America, Europe, Asia-Pacific, Middle-East and Africa. APAC market is anticipated to grow at a higher CAGR in the forthcoming period and also accounting for a larger share in the video surveillance system industry. Factors such as inclination towards wireless connectivity, integrated analytics for digital video recorders have stimulated the growth and adoption of video surveillance systems in this region.

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North America and Europe market is also expected to witness a higher growth in the forthcoming period due to enhanced technological infrastructure and growing need for safety in residential and commercial sectors. The key players in video surveillance system market include Axis Communications AB, Bosch Security Systems Inc, Zhejiang Dahua Technology Co Ltd, Hangzhou Hikvision Digital Technology Co Ltd, FLIR System Inc, Honeywell Security Group, Pelco Schneider Electric Inc, Avigilion Corporation, Panasonic System Networks Co Ltd, Hanwha Techwin Co Ltd, NICE System Ltd and Infinova Corporation.