Video Surveillance Market 2018 Global Leaders: Nice Systems, Infinova Corporation, FLIR Systems, Avigilon Corporation, Honeywell Security Group, Zhejiang Dahua Technology

Market Research Future published a research report on “Global Video Surveillance Market Research Report - Forecast 2018 To 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

The growing technical advancement in public and private infrastructure has propelled the demand for connected safety and solutions especially in public places. It is gaining demand in wearable technology and body-worn video surveillance applications. For instance, the body-worn camera solution are widely used among the people which offers safety management solution to gather video evidence. It is integrated with existing applications, business workflows and environments and offers rich video experiences. The companies are investing in manufacturing the video surveillance integrated with 4K technology due to its cost effective surveillance solution among various sectors including retail, transportation, financial and commercial industries. The real-time analysis of video streams and recorded footage becomes the vital evidence to any kind of threats. In 2016, Panasonic Corporation unveils its video surveillance solutions including fixed security, mobile and body-worn cameras to optimize public safety.

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With the technological advancement of 3D virtualization, the video surveillance with motion sensors, camcorders, access controls, fire detectors, alarms and others, has become integral part of public safety. It allows the companies to manage and respond towards an incident quickly, and reduces the risk of errors and false alarm. In 2015, Zetron, had announced a new, advanced video surveillance and security solution which is best suited for both private and public-safety applications. It allows the video recording to be digitally watermarked and stored for evidentiary purposes. It is basically offering solution to customers who oversee and protect schools, government buildings, warehouses, parking lots, and other sensitive facilities. Hence, the video surveillance is gaining demand to meet the rising security demand for public safety.

Key Players

Business expansion and partnership & collaboration are strategies taken on by the industry leaders so that they can expand their business extensively in the potential markets. The key players in the Video Surveillance Market are: Zhejiang Dahua Technology Co.,Axis Communications AB (Sweden), B Ltd. (China), Hangzhou Hikvision Digital Technology Co., Ltd. (China), (South Korea), Nice Systems, Limited (Israel), and Infinova Corporation (U.S.). FLIR Systems Inc. (U.S.), Honeywell Security Group (U.S.), Avigilon Corporation (Canada)

Segmentation

The market for global digital assistant is segmented on the basis of component and applications. The component is sub-categorized into hardware, software and services. On basis of hardware component the market is further classified into cameras, monitors and storage systems. By applications, the global video surveillance market is sub-segmented into infrastructure, commercial, institutional, Defense, and residential.

Regional Analysis

The market for the global video surveillance market is led by North America due to technical advancements in the region, and increasing awareness regarding safety and security. Asia Pacific is considered to be the fastest growing region due to improvement in network infrastructure and increasing adoption of cloud based services by industries which there by expected to fuel the market growth in the region.

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 Findings

• The Global Video Surveillance market has generated USD 28.52 billion market in 2016 and is projected to grow with 18.73% CAGR during forecast period 2017-2023
• By component, hardware is dominating the market and has generated USD 15 billion revenue in 2016 and is expected to grow with 17% CAGR. Whereas, software is projected to drive the market in coming years growing with highest 21% CAGR
• By application, the market has dominated by Infrastructure whereas, residential sector is estimated to grow with highest 21% CAGR
• By Region, North America is leading the market followed by Europe. Whereas, Asia-Pacific is projected to be the fastest growing region in the coming years.

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Intended Audience

• Technology Investors
• Research/Consultancy Firms
• Cloud Service Providers
• Security Service Providers
• Managed Service Providers
• Cloud Storage Providers
• Infrastructure Providers

TABLE OF CONTENTS

1 Executive Summary

2 Market Dynamics

2.1 Market Growth Factors 11
2.1.1 Advancement In IP-Based Technology 11
2.1.2 Increasing Demand Of Cloud Based Video Surveillance 12
2.1.3 The Rising Demands Of Public Safety 13
2.1.4 Emerging Smart City Projects 13
2.2 Market Restraints 14
2.2.1 Lack Of Huge Network Bandwidth For Video Streaming 14
2.2.2 Privacy Issues 15
2.2.3 High Cost Of Installation Of Video Surveillance Systems 15
2.3 Video Surveillance Market Value Chain 16
2.4 Porter’s Five Forces Analysis 17

3 Global Video Surveillance Market, By Component

3.1 Introduction 18
3.2 Sub-Segment 19
3.2.1 Hardware 19
3.2.2 Software 20
3.2.3 Services 20

4 Global Video Surveillance Market, By Application

4.1 Introduction 21
4.2 Sub-Segment 22
4.2.1 Infrastructure 22
4.2.2 Commercial 22
4.2.3 Institutional 22
4.2.4 Defense 23
4.2.5 Residential 23
Continued…

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