USD 82,615.3 Million Opportunity by 2023 in the Video Surveillance System Market: Global Key Vendors – NICE, Axis Communications AB, Bosch Security Systems, Honeywell Security Group, Samsung Group, Panasonic, FLIR systems

Marketprognosis.com Publish a New Market Research Report On “Global Video Surveillance System Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Video Surveillance System Market:

The Global Video Surveillance System Market was valued at USD 34,962.3 Million in 2017, and is expected to reach a value of USD 82,615.3 Million by 2023, recording a CAGR of 15.41% over the forecast period (2018 - 2023). The use of video surveillance in business is growing significantly, owing to the increasing need for physical security, coupled with the use of cloud-based services for centralized data.

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Globally, the drive to enhance the safety and security across different industries is adding to the market growth, significantly. With rapid developments in cloud computing and video surveillance software, the surveillance market has transformed, in comparison to the previous decade. The growth of the video surveillance market is expected to be fueled by the introduction of new IP-based digital technologies, to detect and prevent undesirable behaviors, such as shoplifting, thefts, vandalism, and terror attacks. Video surveillance is majorly adopted in manufacturing, banking & financial services, and transportation & retail industries.

Emergence of Video Surveillance-as-a-service (VSaaS) is Driving Market Growth; With the development of smart cameras and different types of associated sensors, there has been a shift toward more in-band analytics. This convergence of factors is laying a strong foundation for VSaaS. For instance, surveillance services are centralized in commercial premises where they use smart cameras, along with in-band analytics and other associated sensors for automating functions that require multiple personnel. These factors have enabled a more proactive approach to perform surveillance and connect the gaps between prosecution models, with a more efficient security system.

North America expected to Dominate the Market over the Forecast Period; In the United States, after the 9/11 terror attacks, there has been a significant rise in the demand for effective security and surveillance systems. Recently, Memphis Police Department (MPD) teamed up with Hangzhou Hikvision Digital Technology, a supplier of innovative video surveillance products, to deploy holistic security solutions, to ensure safety of the residents of Memphis. With the help of video surveillance systems, the Memphis city has also built a Real Time Crime Center, which can be used to monitor live video feeds and provide crucial information to officers, prior to arriving at a crime scene.

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Major Key Players:

1 Axis Communications AB

2 Bosch Security Systems Incorporated

3 Honeywell Security Group

4 Samsung Group

5 Panasonic Corporation

6 FLIR systems Inc.

7 Schneider Electric

8 NICE Limited

9 Infinova Corporation and More………….

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Video Surveillance System Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Video Surveillance System Market - Segmentation

6 Competitive Intelligence Company Profiles

7 Investment Analysis

8 Outlook of the Advanced Authentication Market in the Financial Service Industry

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