A video surveillance system is a combination of hardware and software component and is used to capture and analyze video. The video surveillance system market was valued at $13.98 billion in 2013 and is expected to grow at a growth rate of 16.97% in the coming future. The rise in crime rate and security threats in all regions across the globe is fueling the growth of video surveillance market.
This report has divided the industry into four segments system, hardware, software & services, applications and geography. Video surveillance system is broadly classified into IP and analog video surveillance system. The IP video surveillance system is likely to surpass the analog system in 2014 because of the advantages of the IP system over analog in terms of quality, scalability, and flexibility.
The global video surveillance market revenue is estimated to grow from $13.98 billion in 2013 to $42.06 billion in 2020 at a CAGR of 16.97% from 2014 to 2020. The IP system market is expected to grow at a CAGR of 23.51%.This growth is heralded by increased awareness regarding the IP system across the globe.
This report also details the whole value chain of the video surveillance market. Additionally, it focuses on the parent markets and the sub-markets of this industry and thus, identifies the total potential market that can be tapped by the industry.
The report, based on an extensive research study of the global market and the related products industries, is aimed at identifying the global market of video surveillance-based systems in all the applications. The report covers the overall market and sub-segment markets through extensively detailed classifications, in terms of revenue.
This report is provides bird's-eye-view of the complete industry with regard to the products market and contains detailed market segmentations, combined with qualitative analysis of each and every level of the classifications done by system, hardware, applications, and geography. The revenue is forecast till 2020 at every stage to give a glimpse into the potential revenue base in this market.
Markets & Market aspects covered:
In this report, the global hardware encryption market is segmented into the following categories and the industry trends covered, the following aspects:
The report profiles the major companies active in this field, including Axis Communications AB (Sweden), Avigilon Corporation (Canada), Bosch Security System, Inc. (U.S.), and Pelco by Schneider Electric (U.S.) among others.
The video surveillance industry has evolved significantly over the 20th century. The video surveillance products available today are technologically advanced, user-friendly, and of a high quality. The video surveillance industry continues to enjoy a healthy growth, regardless of the hostile economic climate. Video surveillance has been influential in ensuring security at banks, ports, and penitentiary institutions. The sources of danger and increasing losses are showing increasing trend; in such cases, the video surveillance system can provide economical solution for improved security to the people, buildings, and valuables.
The research report categorizes the video surveillance market into four different segments, namely, system type, hardware, software & services, application, and geography. The figure below shows detailed video surveillance market segmentation. Based on the hardware used, the video surveillance market has been classified into camera, monitors, storage, and accessories. Based on the application, it has been segmented into infrastructure, commercial, institutional, industrial, and residential applications. Based on the geography, the report has been segmented into North America, Europe, APAC, and RoW.
The video surveillance market is expected to reach $42.06 billion by 2020. IP and analog are the two major types of this industry available today. Analog system will grow at a lower growth rate of 6.36% in the forecast period. APAC holds the largest share of analog video surveillance system, while North America leads the IP video surveillance market. Increased demand for video analytics is driving the market. Currently, the market for video analytics is comparatively small but given the rate at which security threats are increasing, this market is expected to grow at a higher rate in the coming future.
The report includes key high-growth markets and their analysis, thereby, marking the growth trend in the global video surveillance market. It also includes competitive scenarios, geographic trends, and opportunities in the macro- and micro-markets with respect to North America, Europe, Asia-Pacific, and RoW.
The overall market is increasing at a CAGR of 16.97% between 2014 and 2020. The IP system will grow at a higher CAGR in the coming future.
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