Global CCTV Market Regional Outlook, Analysis, Size, Share, Forecast -2020
The global CCTV market is likely to be valued around $19 billion in 2015. This market is expected to grow at a CAGR of approximately 20%. There is a precipitous rise in the demand of CCTVs across the globe due to growing focus of governments towards public safety and city surveillance. Furthermore, the CCTV market is shifting from unorganized sector to organized which is another factor fueling the growth of the market. Citing the demand and potential of CCTV market, various venturing capitalist firms are also investing in this market and aiding companies to develop new and advanced products. This is another major reason for the high growth of this market. However, low awareness of people in the developing countries regarding advanced CCTV products can hinder the market growth up to some extent.
The CCTV market is segmented on the basis of types of CCTVs. Analogue, HD analogue, and internet protocol cameras are the major types of CCTVs. The IP cameras market is further sub divided into wired IP cameras, and wireless IP cameras. The IP camera market is poised to witness the highest CAGR in the CCTV market by type due to technological advancements.
On the basis of technology, the CCTV market is divided into CMOS and CCD technology. The demand for CMOS technology is poised to increase in coming years due to its user friendliness. The CCTV market is again subdivided on the basis end users into educational centers, hospitals, hotels, real estates, religious places, government, retail, IT sector, and transport sector. Amongst all the above mentioned end users, government is the largest end user for CCTVs. The large share is attributed to wide usage of CCTVs in government offices and roads.
The market is further divided according to the channel structure into distribution channel and retail channel. The distribution channel accounted for the largest share in the global CCTV market. However, the retail market will witness a high growth.
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Scope of the Report
This market research report covers the global CCTV market by type, technology, end user, distribution channel, and region.
Global CCTV Market, by Type
• Analogue Camera
• HD Analogue Camera
• Internet Protocol (IP) Camera
Global CCTV Market, by Technology
• CMOS Technology
• CCD Technology
Global CCTV Market, by EndUser
• Educational Centers
• Real Estates
• Religious Places
• IT Sector
• Transport Sector
• Global CCTV Market, by Channel Structure
• Distribution Channel
• System Integrator/Retail Channel
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The prominent players in this market include:
• Hikvision Digital Technology
• Honeywell Security
• Bosch Security System
• Safran Security
• Dahua Technology
• Tyco Security Products
• Flir Systems
• Axis Communications amongst
Based on region, North America is the largest market for CCTV followed by Europe and Asia. The Asian market especially India and China are focus for the growth the global CCTV market. Improving infrastructure, government initiatives, and high economic growth in this region has triggered the growth of this market.
The reports also cover brief analysis of Geographical Region including:
• North America
• Rest of Europe
• Rest of Asia
• Rest of the World
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