IP Video Surveillance and VSaaS Market in South Africa Grow at CAGR 16.1% Forecast 2020 | Key Players Analysis Avigilon Corporation, Axis communication AB, D-Link Corporation, Genetec, March Networks

South African IP Video Surveillance And VSaaS Market Report, published by Allied Market Research, forecasts that the South African market is expected to garner $51.8 million by 2020, registering a CAGR of 16.1% during 2014-2020. The revenue from the sales of hardware accounted for nearly 60%, whereas cloud services, software and other services segment accounted for around 40% of the revenue in 2013. Cloud-based solutions are expected to witness tremendous growth opportunities in future as it reduces the total cost of ownership for the customers. Manufacturing and corporate sector is expected to grow at the fastest CAGR during the forecast period. Residential and healthcare sector are other key application areas that are expected to evolve as huge markets for IP surveillance during the forecast period. In the year 2012, revenue from the sales of analog IP surveillance hardware sales surpassed the revenue from the sales of analog devices.

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The video surveillance equipment market in South Africas largest among all other countries inAfrica. With the growing technological advancements in the country, IP surveillance is gaining foothold, however, analog systems would maintain its presence through the forecast period due its cost effectiveness and huge install base in various sectors. As the surveillance industry is in developing stage in the country IP surveillance market would witness incremental growth inSouth Africa, during the forecast period.

Hardware are the key products required for the installation of IP video surveillance system. With rising number of new installations and updating the existing analog systems, the hardware sales are expected to witness a boost in the initial years of adoption. Software segment would also follow the suit, but due to its lower revenue ratio in a surveillance system, its market size would remain comparatively low. Rising number of new IP surveillance system installations in the country would continue to drive the sales of associated software.

Though cloud technology has been a feasible and low-cost technology in most of the countries, specifically due to lower initial investment, this technology is yet to gain prominence inSouth Africa. Cloud-based solutions would gain importance in the country with the increasing penetration of cloud services in various industries. In the current scenario, cloud service providers are charging high prices so as to recover their initial R&D investments. These factors collectively act in congruency to limit the adoption of cloud-based surveillance in the current scenario. However, with growing awareness and price reduction, cloud-based surveillance would witness considerable growth during the forecast period.

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KEY BENEFITS
•This study provides an in-depth analysis of the South African IP surveillance and VSaaS market with current and future trends to elucidate the imminent investment pockets in the market
•Current and future developments are outlined in this report to determine the overall attractiveness and to single-out profitable trends for gaining a stronger foothold in the market
•This report also provides information regarding key drivers, restraints and opportunities with their impact analysis during for the forecast period
•Quantitative analysis of the current market and forecast through 2014‐2020 are provided in this report to highlight the financial attractiveness of the market

KEY PLAYERS
•Avigilon Corporations
•Axis communication AB
•D-Link Corporation
•Genetec
•March Networks
•Milestone Systems
•Panasonic Corporations
•Mobotix AG
•Geovision
•Arecont Vision

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