Press release
Vehicle Surveillance Market to Record an Exponential CAGR by 2025
The vehicle surveillance provides effective measures for safety concerns while driving. The corporate companies’ offers cab services to its staff and requires proper surveillance system for security concerns of the employees. Factor such as an increase in the need for maintaining end to end vehicle management for these companies drives the global vehicle surveillance market. The high demand for real-time surveillance coupled with GPS tracking features drives the global vehicle surveillance market.
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The growing demand of transportation authority’s considering real-time surveillance systems to reduce the thefts and gets updates on situational problems on violence boosts the global vehicle surveillance market. Regional governments which are taking serious concerns on vehicle securities aids in driving the adoption of vehicle surveillance systems. However, technical issues of vehicle surveillance systems such as difficulty to detect in congestion traffic places with limitation in coverage area put forth challenges for the growth of global vehicle surveillance market.
Global Vehicle Surveillance Market: Region wise Outlook
The global vehicle surveillance market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). The vehicle surveillance market in North America region is robust in terms of usage since the region is equipped with the high end technology coupled with existence of strict regulations and penalty for crimes. The vehicle surveillance market in APEJ and MEA is expected to expand at healthy CAGR owing to the increasing crime rates and growing penetration of surveillance technology adoption.
Global Vehicle Surveillance Market: Key Players
Some of the key players identified in the global vehicle surveillance market includes: Iveda Solutions, Inc., International Road Dynamics Inc., Pedvak Technologies Pvt. Ltd., SecureOne International BV., MATRIX Security & Surveillance Ltd., Visor Systems Ltd, Eyetek Surveillance., Seon, STONKAM CO., LTD, Howen Technologies Co. Ltd.
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The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
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