Press release
IP Video Surveillance Market 2018 Global Leaders: Avigilon, Axis Communications, Genetec, The Infinova Group, Bosch Security Systems, Panasonic, GeoVision
Market Scenario
IP Video Surveillance can be defined as a type of digital camera which is connected through a surveillance so that it becomes easy to send and receive data through computer and internet. IP video surveillance offers a number of benefits over the traditional analog CCTV such as better picture quality, content can be easily compressed for storage and data can be stored in any geographical location.
The factors contributing to the growth of the IP video surveillance market are increasing implementation of video analytics, increasing demand for installation of video surveillance, usage of high-definition cameras and growing need for security. Also, features such as scalability, flexibility and reliability are boosting the demand of the IP video surveillance market. However, factors such as need for storage capacity, growing demand for high resolution pictures and privacy issues are hindering the growth of the IP video surveillance market.
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Geographically, North-America accounted for the largest market share in the global IP Video surveillance market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.
The global IP video surveillance market is expected to reach approximately USD 63 billion by the end of 2023 with 20% CAGR during forecast period 2017-2023.
Key Players:
The key players in the global IP Video Surveillance Market include- Avigilon (Canada), Axis Communications. (Sweden), D-Link (Taiwan), Genetec Inc. TM. (Canada), The Infinova Group (U.S.), Bosch Security Systems Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Panasonic Corporation (Japan), GeoVision Inc (Taiwan) among others.
The IP video surveillance market is currently dominated by major market players. Bosch Security Systems Inc. is one of them, by holding a share of 30% as of 2016. The company business operation is diversified in two segments namely products and energy and building solutions. Bosch security systems offers a complete range of specialized services and products for standard or customized applications in IP video surveillance market. The company’s largest share in the market is mainly attributed to its development and partnership with the cutting-edge technology providers.
Cisco Systems Inc. is another leading company in the IP video surveillance market with a share of 26%. The company’s stronghold is largely attributed to its acquisition, agreement and launching of new products. The company provide access to video at any time from any network location, allowing remote monitoring, investigation, and incident response by remote physical security staff or law enforcement personnel.
Hangzhou Hikvision Digital Technology Co., Ltd. holds the share of 3% as of 2016. The company adopted the strategy of development to sustain their position in the market. They continued to develop video technology adhering to their mission of new vision and new world and is committed to becoming a respectable global enterprise.
Segments
For the purpose of this study, Market Research Future has segmented the market of IP video surveillance into device, hardware, software, end-users and region.
Hardware and Software
Hardware-
• Camera
• Monitor
• Server
Software
• Video Analytics
• Video management
• Algorithms
End-users-
• BFSI
• Healthcare
• Retail
• Government
• Manufacturing
• Others
Region
• North-America
• Europe
• Asia-Pacific
• RoW
Regional Analysis:
Regionally, North-America accounted for the largest market share, owing to increased adoption of new technological solutions, increasing competition among IP camera vendors, increasing demand for security and increasing disposable income.
However, Asia-Pacific region is expected to grow over the forecast period, 2017-2023. The reason is attributed to technological developments, need for better picture quality and growing demand for security concerns.
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Intended Audience
• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com
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