Global Video Surveillance System Market Size, Share & Forecast 2020-2023 | Global Industry Overview and Latest Trend and Growth Analysis

Worldwide "Video Surveillance System" Market report 2020 sheds light on key attributes of industry which incorporates market dynamics and growth of Video Surveillance System industry in upcoming years. This report also provides in-depth information of Top key players, Types and Applications and geographically analysis and contains information about Industry Overview, Definition, Specifications, Raw Material and Suppliers, Cost Structure Analysis, RandD Status and Technology Source. Video Surveillance System market report also presents the proficient and detailed analysis of the current situation of industry. The research report provides

Get a sample copy of the report at- https://www.marketreportsworld.com/enquiry/request-sample/12343811

Top Manufacturers Listed in the Video Surveillance System Market Report are:
o Axis Communications AB
o Bosch Security Systems Incorporated
o Honeywell Security Group
o Samsung Group
o Panasonic Corporation
o FLIR systems Inc.
o Schneider Electric SE
o NICE Limited
o Infinova Corporation
o Zhejiang Dahua Technology Company Limited
o Hangzhou Hikvision Digital Technology Company Limited
o Avigilon Corporation

The global video surveillance system market was valued at USD 34,962.3 million in 2019, 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. 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. The incorporation is higher in countries, such as the United States, the United Kingdom, China, and Brazil, owing to the large size of the concerned industries and higher awareness among consumers.
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. Though VSaaS has been a prominent choice of commercial and residential users, bandwidth costs have always been a major concern, while sending high-resolution videos onto the cloud. Thus, the emergence of video surveillance-as-a-service has been driving the global video surveillance system market's growth.
Video Analytics Software has the largest Market Share
Video analytics for video surveillance have evolved considerably in the past few years, with growing adoption among corporate, government organizations, small and medium enterprises, etc. Video analytics are employed in various applications, such as facial surveillance, license plate recognition, advanced object tracking, dwell and loitering, people count, queue management analysis, and demographics. Analytics have enabled the end users to leverage specific data insights into actionable intelligence for various functions. The insights can be used to generate heat maps, monitor queues in retail outlets and hospitals, etc. The analytic programs also support IP, analog, and megapixel cameras, and can be integrated within the hardware components. The integration reduces the need for extra hardware, thus making the implementation cost-effective.
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. Recently law enforcement authorities have started the deployment of drones for video surveillance, as they offer an effective real-time solution to track fugitives. Police departments of Arkansas, Little Rock, Miami-Dade, Florida, and Arlington, Texas have reported the use of drones for surveillance.
Key Developments in the Market
o November 2019 - Schneider Electric acquired Asco Power Technologies (ASCO), a leader in the Automatic Transfer Switch (ATS). The acquisition enhanced Schneider Electric's EcoStruxure Power Platform in key markets and segments. Asco is expected to form a part of the group's Low Voltage (Building) business.
o November 2019 - Honeywell introduced self-monitored smart home security system to safeguard and secure homes. The camera base station is expected to enable enhancements in the future, such as facial recognition and wireless motion viewers, to provide expanded home coverage.
o September 2019 - Axis Communications AB launched a new network radar detector, AXIS D2050-VE, which is the first product in the market with radar technology. It is powered by the Power over Ethernet Plus (PoE+) and complies with IP66, IK08, and NEMA 4X protection classes, especially for harsh environments.
o January 2019 - Bosch acquired ITK Engineering AG to strengthen the company's business in custom system and software development services in the global market.

Enquire before Purchasing this report at- https://www.marketreportsworld.com/enquiry/pre-order-enquiry/12343811

Regional Segmentation Includes:
- United States
- Europe
- China
- Japan
- South Korea
- Other Regions
Reasons to Purchase the Video Surveillance System Market Report:
- The report analyses how the shift towards safety will drive the global automotive anti-lock braking system market size and Share.
- Analyzing various perspectives of the market with the help of Porter's five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest Video Surveillance System Market growth during the forecast period.
- Identify the latest developments, Video Surveillance System market shares and strategies employed by the major market players.

Buy this report (Price 4250 USD for single user license) at- https://www.marketreportsworld.com/purchase/12343811

Major Points from Table of Contents:
1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Insights
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products or Services
4.2.5 Competitive Rivalry among Existing Competitors
4.3 Industry Value Chain Analysis
5. Market Dynamics
5.1 Factors Driving the Market
5.2 Factors Challenging the Market
6. Technology Snapshot
7. Global Video Surveillance System Segmentation
7.1 By Type
7.1.1 Hardware
7.1.2 Software
7.1.3 Services
7.2 By Vertical
7.2.1 Commercial
7.2.2 Infrastructure
7.2.3 Institutional
7.2.4 Industrial
7.2.5 Defense
7.2.6 Residential
7.3 By Geography
7.3.1 North America
7.3.2 Europe
7.3.3 Asia-Pacific
7.3.4 Latin America
7.3.5 Middle East & Africa
8. Competitive Intelligence - Company Profiles
8.1 Axis Communications AB
8.2 Bosch Security Systems Incorporated
8.3 Honeywell Security Group
8.4 Samsung Group
8.5 Panasonic Corporation
8.6 FLIR systems Inc.
8.7 Schneider Electric
8.8 NICE Limited
8.9 Infinova Corporation
8.10 Zhejiang Dahua Technology Company Limited
8.11 Hangzhou Hikvision Digital Technology Company Limited
9. Investment Analysis
10. Future of the Market

3rd Floor, Silver Spring, Sahyadri farms,
Opp Prabhavee Tech Park,
Baner - Mhalunge Road, Baner, Pune 411045

Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today's businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Market Reports World is the credible source for gaining the market reports that will provide you with the lead your business needs.

This release was published on openPR.