IP Video Surveillance Market 2018 by Global Leaders: Avigilon, Axis Communications, Genetec, The Infinova Group, Bosch Security Systems, Panasonic, GeoVision

Market Research Future published a research report on “Global IP Video Surveillance Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Highlights

The increasing penetration of internet, development of innovative technologies has encouraged the growth of the IP surveillance sector. The IP video surveillance market is expected to grow over the future. Network cameras and video are expected to dominate the market over the forecast period, 2017-2023. It also digitizes videos and transmits them through a network. For instance, VIVOTEK provides high reliable and high performance IP surveillance system to meet the consumer’s need. IP video surveillance are being used in a variety of applications such as professional applications, home applications and SMB applications.

The global IP video surveillance market is expected to reach approximately USD 63 billion by the end of 2023 with 20% CAGR during forecast period 2017-2023.

Key Players:

The key players in the global IP Video Surveillance Market include- Avigilon (Canada), Axis Communications. (Sweden), D-Link (Taiwan), Genetec Inc. TM. (Canada), The Infinova Group (U.S.), Bosch Security Systems Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Panasonic Corporation (Japan), GeoVision Inc (Taiwan) among others.

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Key Findings

• By Component: Hardware is dominating the market with and has generated USD 6.13 billion market in 2016 and is and expected to grow with 11.54% CAGR. Whereas, software device is expected to drive the market with 15.01% CAGR during forecast period 2017-2023.
• By Hardware: Camera is dominating the market with and has generated USD 3.29 billion market in 2016 and is expected to grow with 11.1% CAGR. Whereas, server is expected to drive the market with 13.9% CAGR during forecast period 2017-2023.
• By Software: Video Management is dominating the market with and has generated USD 1.16billion market in 2016 and is expected to grow with 14.6%CAGR. Whereas, video analytics is expected to drive the market with 15.6% CAGR during forecast period 2017-2023.

Segments

On the basis of end-users, the market has been segmented into banking & finance, healthcare, retail, manufacturing, residential among others. Out of these, BFSI and healthcare accounted for the largest market share majorly due to better standard of living, increasing disposable income, increasing consumer awareness about security and increasing demand for easy access of data.

Market Research Future Analysis

The global IP video surveillance market is expected to grow significantly over the forecast period, 2017-2023. Healthcare and BFSI segment of IP video surveillance market globally drives the market majorly due to increasing demand for safety in the emerging countries. The market is expected to have higher growth rate as compared to the previous years.

Asia-Pacific region expected to grow at a fast pace over the forecast period, 2017-2023 majorly due to high adoption of new technologies, large number of market players, growing security concerns and government initiatives to protect terrorism are the factors contributing to the growth of the market. However, the North-American region accounted for the largest market share over the forecast period, 2017-2023. The region is attributed to the growth in digitalization and increasing requirement for memory storage.

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Intended Audience

• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors

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This release was published on openPR.