Video Surveillance Market 2018 Global Leaders: Hanwha Techwin, Zhejiang Dahua Technology, Bosch Security Systems, FLIR Systems, Honeywell Security Group, Avigilon, Pelco

Market Research Future published a research report on “Video Surveillance Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights:

Video surveillance systems are the security tools that help reduce crime and protect people and property. There are different Video Surveillance systems available in the market according to the customers’ specific needs and budgets, from large commercial enterprises to home security platforms, from simple camera systems for small offices and businesses to complex solutions for urban traffic management systems. There are two types of video surveillance systems including analog and digital video surveillance system. As compare to analog video surveillance, digital video surveillance systems are easy to install and provide high quality video or images.

Growing concern about public safety due to the dangerous incidences like terrorist attacks the importance of video surveillance in securities increased. The factors such as growing disposable income of people can afford video surveillance as in home security. Video surveillances are also used in different industries like oil and gas, pharmaceutical, construction, communication etc. Furthermore, booming IT infrastructure is expected to boost the growth of the Video Surveillance Market over the forecast period, 2017-2023.

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On the basis of component, the market can be segmented into hardware, software and service. The hardware segment is further segmented into cameras, monitor, and storage system. Out of these, hardware segment accounted for the largest market share.

On the basis of application, the market can be segmented into infrastructure, commercial, institutional, defense and residential. Out of these, commercial segment accounted for the largest market share majorly due to the increasing demand from small and medium business enterprises, retail stores, and shopping mall to reduce criminal activities.

Industry/Innovation/Related News:

February 27, 2018 - IC Realtime (US), one of the leading digital surveillance manufacturer announced that the company has added a new function – ‘time-lapse’ to video surveillance search engine. The new update will allow users to create a time-lapse video from a range of time or by a specific query to produce more detailed and relevant results.

March 07, 2018 – Research Published - Researchers at the Northeastern University with the help of the DHS (Department of Homeland Security) have developed video surveillance equipment integrating with AI (artificial intelligence) to make the vital security process which are inevitable at the airports much smoother. The new AI surveillance system can track passengers and baggage as they make their way through airport security.

March 14, 2018 – Larson Electronics LLC (US) one of the leading global manufacturer of security cameras launched its range of explosion proof cameras that fit in to any possible security need or monitoring requirement.

Key Players

Some of the key players in the market are Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), Bosch Security Systems Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), FLIR Systems Inc. (U.S.), Honeywell Security Group (U.S.), Avigilon Corporation (Canada), Pelco (U.S.), Panasonic System Networks Co., Ltd. (Japan), Hanwha Techwin Co., Ltd. (South Korea) and NICE System Ltd. (Israel).

Worldwide Video Surveillance Market – Geographical Analysis

In 2016, Asia Pacific dominated the global market of Video Surveillance attributing to the growing markets of India, Japan & China. Due to the prevailing terrorism activities & theft cases in the region; market size is bulging up. Concurrently, increasing awareness towards the benefits of video surveillance is fueling the market growth. Continuing with the same trends the APAC market is expected to grow further at a fast pace over the forecast period, 2017-2023.

Global Video Surveillance Market – Competitive Landscape

The highly competitive market of Video Surveillance appears to be fragmented owing to the presence of numerous vendors having regional and international existence. Well established vendors are increasingly focusing on maximizing their market share while small vendors find it difficult to compete with them. Increasing products & services, technological innovations, & M&A activities are intensifying the competitive environment of the market. This further encourages players operating in the Video Surveillance market to compete based on price, quality, innovation, reputation, and distribution. A number of brands have outlined plans to widen the penetration by including various types of technologies to their product portfolio.

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Intended Audience

• Device manufacturers
• Network Operators
• Distributors
• Suppliers
• Government Agencies
• Security Agencies
• End-user sectors
• Communication operators
• Defense

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