Surveillance Technology Market Size 2020 Growth Rate By Applications, Product Type And Future Forecast 2023
The global surveillance technology market is expected to decline from $87.8 billion in 2019 to $83.08 billion in 2020 at a compound annual growth rate (CAGR) of -5.38%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities. The entire supply chain from production to international trade has been impacted. The market is then expected to recover and reach $123.08 billion in 2023 at a CAGR of 14.0%.
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The surveillance technology market consists of sales of surveillance software development and related services. Surveillance technology refers to the development of software used in monitoring the behavior, activities, or information for managing, influencing, or directing.
Growing concern regarding privacy may limit the growth of the surveillance technology market. Surveillance means to monitor people in various possible ways. An organization monitoring customer sometimes leads to the loss of privacy data or any other important confidential data. Surveillance technology can provide opportunities for criminal, personal, and institutional abuse.
Surveillance Technology Market Segmentation:
1. Video Surveillance
2. Big Data
3. Police Body Cameras
5. Domestic Drones
6. Face Recognition Technology
7. RFID Chips
8. Stingray Tracking Devices
By End User
6. IT & Telecommunication
7. Media and Entertainment
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Few Points From Table Of Content
1. Executive Summary
2. Surveillance Technology Market Characteristics
3. Surveillance Technology Market Size And Growth
4. Surveillance Technology Market Segmentation
5. Surveillance Technology Market Regional And Country Analysis
25. Surveillance Technology Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Surveillance Technology Market
27. Surveillance Technology Market Trends And Strategies
28. Surveillance Technology Market Future Outlook and Potential Analysis
The report covers the trends and market dynamics of the surveillance technology market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the surveillance technology market are AxxonSoft; Milestone; Genetec; ExacqVision; Qognify; March Networks; Verint Systems; Magal Security Systems Ltd.; Identiv; Panasonic Corporation; Salient Systems Corporation.; OnSSI; Avigilon; DVTEL; Lensec
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