Video Surveillance Market 2019 Analysis By Top Key Players - Bosch Security Systems Incorporation, Axis Communications AB, Avigilon Corporation, Hangzhou Hikvision Digital Technology Company Limited, Honeywell Security Group & Flir Systems Incorporation

The global video surveillance market size is likely to portray a significant growth, expanding at a double digit CAGR over the years ahead. The market value is anticipated to cross the US$ 100 billion mark, by the end of 2025. Widespread adoption of security equipment in commercial and residential buildings is one of the major supporting factor for the growth of video surveillance market.

The market is currently witnessing significant product developments. Technological advancements such as facial surveillance, license plate recognition, advanced object tracking, and queue management analysis are some of the new technologies launched in the market.

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The IP-based video surveillance systems are highly replacing analog based, owing to their key features such as advanced processing capability, technologically advanced product components, and ease of installation. Furthermore, evolution of high-definition surveillance cameras/home security cameras and software has drastically changed the landscape of video surveillance market, which has opened vast business opportunities for the IP based video surveillance systems. In addition to this, rising adoption of cloud based services, better video compression capabilities, integration with data analytics, etc., are some of the constantly developing trends that are expected to boost the future growth of the IP based segment in video surveillance market.

Video surveillance systems are now an essential part across several industry verticals. These industries utilize various hardware and software products to monitor and detect suspicious activities. They are also used for the purpose of maintaining law and order in the society. Changing lifestyle and increasing awareness for home security has propelled the demand for video surveillance systems especially in the residential sector. However, exorbitant initial installation costs and further maintenance is expected to inhibit the growth of video surveillance market over the forecast period.

Asia Pacific is projected to have the largest share in the global video surveillance market by 2025, owing to growth in industrial activities and high demand for surveillance systems in the residential sector. China alone is estimated to have a lion’s share in Asia Pacific as well as the global video surveillance market, owing to high market penetration across most of the verticals and large presence of local players. As the facial recognition technology has advanced further, China has been keen on using this technology to monitor suspicious activities.

Technological advancement over the recent years has propelled the global video surveillance market to be highly competitive. The major video surveillance market players are focusing on product development in order to sustain the increasing competition and to support the growing consumer demand.

Key segments of the global video surveillance market

System type overview, 2014-2025 (USD Million)
• Analog Based
• IP Based

Component Overview, 2014-2025 (USD Million)
• Hardware
o Camera (Thousand Units) (USD Million)
 By type (Analog, IP)
 By resolution ( SD,HD, 4K)
o Monitor
o Storage media (Thousand Units) (USD Million)
 By type( DVR, NVR)
• Software
• Services

Vertical Overview, 2014-2025 (USD Million)
• Law Enforcement
• Military & Defense
• Commercial & industrial
• Educational institutes
• Transportation & logistics
• Residential
• BFSI
• Others

Regional Overview, 2014-2025 (USD Million)
• North America
• Europe
• Asia Pacific
• Middle East & Africa

Reasons for the study
• The study assesses the current scenario and future trends of the global video surveillance market across different geographies
• While mapping the global trends on security surveillance systems, we observed that the video surveillance products have been gaining importance since the past few years
• We also observed that end users were highly inclined towards opting for IP based video surveillance systems, characterized by enhanced features and better security offerings than its analog counterparts
• As the prominence of analytics has increased in the security surveillance systems, video surveillance system has garnered a lot of attention with manufacturers focusing on new product development and modification, in order to increase their business penetration at the regional level.

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Who should buy this report?
• The report on the global video surveillance market is suitable for all the players across the value chain including equipment suppliers, component manufacturers, Video surveillance system manufacturers, distributors, suppliers, retailers and end users
• Venture capitalists and investors looking for more information on the future outlook of the global market
• Consultants, analysts, researcher, and academicians looking for insights shaping the global video surveillance market

About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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