Global Video Surveillance Market size was valued at US$ 39 Bn. in 2020 and is expected to grow at a CAGR of 10.1% through 2021 to 2027. Asia Pacific region leads the Global Video Surveillance Market by 2027.
Video Surveillance Market Overview:
The Global Video Surveillance Market was estimated at US $39 billion in 2020, and it is predicted to grow at a CAGR of 10.1 percent to US $76.48 billion by 2027. Video surveillance systems use cameras to monitor people, facilities, or areas from a distance. Protecting people, buildings, and possessions with video surveillance is a very effective and cost-effective method.
Historical Forecast Period:
Maximize Market Research report presents the analysis of each segment from 2021 to 2027 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020to 2027.
Video Surveillance Market Overview and Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Video Surveillance Market segments which include products, applications, and competitor analysis.
Modern video cameras now include 4K resolution video cameras. The resolution of 4K IP video cameras is 27 times that of analogue cameras, nine times that of a conventional HD camera (1,280 720), and four times that of a Full HD camera (1,920 1,080). These higher resolution cameras ensure that minor and finer parts of a still image remain visible even when magnifying a portion of it. 4K resolution video cameras produce a more detailed image that allows for greater detail extraction. On newer cameras, variable zoom lenses are also available, allowing for a tighter field of view.
Many cameras now include a built-in microphone that allows you to communicate and record voice while recording video. In order to improve video camera low-light performance, manufacturers have used a range of hardware advancements. Internal heating is offered for usage in extremely cold temperatures on certain cameras, and motion sensors are available on others to capture a subject within the camera's field of vision. Some companies, such as Hanwha Techwin in South Korea, have created their own system on chip (SoC) called Wisenet7, which includes advanced cybersecurity features like secure booting and signed firmware for both software and hardware.
As a result, a number of factors, including expanded camera capabilities, mature technology, features, and customised systems, are making it easier for integrators to meet the demand from end customers wishing to upgrade ageing surveillance systems to meet their security and operational needs.
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Segmentation:
The market is divided into three categories: hardware, software, and services. By 2027, the hardware category is estimated to have the greatest market share of %. Because hardware accounts for more than 60% of the total cost of a video surveillance system, the hardware segment has a sizable market. As a result of growing security concerns across several industries, the number of cameras placed internationally is increasing. As the market transitions to IP cameras, a number of hardware-based advances that increase low-light performance, object tracking, and security have emerged. Technological advancements have resulted in highly specialised surveillance cameras that can be designed to scan items such as dangerous equipment at close range.
Commercial, Infrastructure, Military Defense, Residential, Public Facility, and Industrial are the different segments of the market. During the projected period 2021-2027, the commercial segment is expected to develop at a CAGR of percent. The growing importance of video surveillance systems as a result of increased security concerns across sectors such as retail, corporations, banks, and financial institutes is driving the commercial video surveillance market. The business sector has experienced a surge in demand for security solutions as a result of security breaches such as inventory loss, robbery, unlawful access, and other criminal activities. Due to the rapid growth of small businesses, as well as retail outlets and malls, the demand for surveillance systems has surged in recent years.
Key Players:
• Avigilon Corporation
• Axis Communications AB
• Bosch Security Systems Incorporation
• Flir Systems Incorporation
• Hangzhou Hikvision Digital Technology Company Limited
• Samsung Techwin Company Limited
•Zhejiang Dahua Technology Company Limited
• Dahua Technology Co., Ltd.
• Mobotix AG
• Geovision, Inc.
• Genetec, Inc.
• Honeywell Security Group
• Infinova Corporation
• Nice Systems
• Panasonic System Networks Co., Ltd.
• Pelco By Schneider Electric
• Hanwha Techwin
• BCD Video
• CP Plus
• Tiandy
• Uniview
• Vivotek
• Zicom
Regional Analysis:
Regional analysis is another highly comprehensive part of the research and analysis study of the Video Surveillance Market presented in the MMR report. Local development plans are often affected by the performance of Video Surveillance market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic Video Surveillance market and these findings have been strategically presented in the report.
Competition Landscape:
Most of the key players present in the Video Surveillance Market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.
Key questions answered in Video Surveillance Market report
- What was the market size of Video Surveillance Market in 2020 and forecast up to 2027?
- Which is the largest regional Video Surveillance Market?
- What are the major trends followed in Video Surveillance Market across different regions?
- Who is the key Video Surveillance Market companies leading the market?
- What are the key strategies adopted by the leading Video Surveillance Market companies in market?
- Unique data points of this report
- Statistics on Video Surveillance Market penetration and spending worldwide
- Recent trends across different regions in terms of adoption of Video Surveillance Market for various end-use.
- Notable developments going on in Video Surveillance Market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2020 (actual) and 2027 (forecast)
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