How has the Video Surveillance market changed over years?

Video Surveillance Market:

The video surveillance market is expected to grow at a CAGR of 9.3% and reach a market size of USD 71 billion by the end of the forecast period.

Video surveillance technologies are employed to capture videos and images that can be compressed, stored or sent over communication networks in any environment. Cameras are often connected to a recording device or IP network and can be watched remotely or locally. Video surveillance is a great security solution for government buildings, corporations, businesses, and other large entities. Rising security concerns have been driving demand for highly efficient, time-saving surveillance systems at affordable costs.

Video surveillance in business, emergence of video surveillance-as-a-Service, introduction of new IP-based digital technologies are some factors expected to provide impetus to market growth in coming years. The use of video surveillance in businesses for physical security, coupled with the use of cloud-based services for centralized data, has been witnessing significant growth in recent years, which in turn has been driving market growth across verticals. Emergence of video surveillance-as-a-Service has been boosting market growth as it is a web-hosted, wireless security system that allows users to remotely store, manage, record, play and monitor surveillance footage entirely in the cloud.

Furthermore, introduction of new IP-based digital technologies to detect and prevent undesirable behaviors such as vandalism, terror attacks, shoplifting, and thefts is expected to propel market growth. Moreover, areas such as hospitality, finance, and aviation are making significant investments in surveillance to counter threats from crime and terrorism.

North America is a key market for video surveillance due to the growing concerns pertaining to safety and security. Terror attacks and crimes such as the 9/11 terror attacks and the Boston Marathon bombing have intensified focus on effective security and surveillance. In addition, technological advancements such as cloud storage and video surveillance-as-a-service represent lucrative opportunities for new companies venturing in the video surveillance market as well as traditional vendors providing analog cameras. In 2016, Hikvision, the world’s leading supplier of innovative video surveillance products, teamed up with the Memphis Police Department (MPD) to protect the residents of Memphis in Tennessee, U.S. using a variety of security solutions to prevent and reduce crime.
Wearable cameras and surveillance drones are emerging trends in the market, which are expected to create new niches for surveillance in coming years. In should be noted that some surveillance cameras can only observe areas directly in view of the camera, which creates blind spots that may be detected and exploited by criminals.

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The Major Prominent Players Covered in this Report:
Hikvision, Dahua, Axis Communications, Bosch Security Systems, FLIR (US), Honeywell Security Group, Infinova, Pelco, BCD Video, Panasonic, Tiandy, Uniview, Zicom, & More.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Video Surveillance Market Trends:
- The report identifies, determines, and forecasts the Global Video Surveillance Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Video Surveillance Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Video Surveillance Market.

Key Questions Answered in The Report:
What will the Video Surveillance market growth rate?
What are the key factors driving the global Video Surveillance market?
Who are the key manufacturers in the Video Surveillance market space?
What are the market opportunities, market risk, and market overview of the Video Surveillance market?
What are sales, revenue, and price analysis of top manufacturers of the Video Surveillance market?
Who are the distributors, traders, and dealers of the Video Surveillance market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Video Surveillance Industry?
What are sales, revenue, and price analysis by regions of Video Surveillance industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Why Buy This Report?
Video surveillance technology has proven to be extremely beneficial in monitoring terrorist activities and illegal infiltrations. Governments around the globe are making significant investments in advanced video surveillance devices and sophisticated surveillance networks to deal with terrorism.

In China, the government plans to implement the ‘Xueliang’ (‘Sharp Eyes’) project by 2020, which encompasses the development of an ‘omnipresent, fully networked, always working and fully controllable’ video surveillance network.

This report offers in-depth market analysis, including market dynamics such as drivers, restraints, and opportunities. It also offers a quantitative analysis of the current market and a forecast developed for the duration from 2019 to 2026. This detailed information will help readers identify prevailing market opportunities in major segments of the global video surveillance market. The report also covers recent developments in the video surveillance market.

This report offers key insights pertaining to the video surveillance market with emphasis on recent developments across geographies and development strategies adopted by prominent market participants. The following sections have specifically been covered in the report.

Competitor Analysis
The market concentration of top five players
Potential Ventures

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