The GMI Research expects the video surveillance systems market to expand at a significant rate. From a regional perspective, Asia-pacific is expected to lead the market due to the increasing investment in smart city projects. The growing number of security and safety threats, particularly in South Korea, India, and China, have fuelled the demand for the market.
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Video Surveillance Systems Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The increasing application of video surveillance systems in various industries like retail, banking & financial services, and the transportation sector, is the major factor driving the growth of the video surveillance systems market size. The leading countries, including the United States of America, China, the United States of America, and Brazil, are the largest adopter of these systems. Consumer video surveillance cameras are widely utilized in mobile cameras and home security systems. The rising adoption of smart camera systems and rising video analytics application is further propelling the growth of the video surveillance system market share in terms of revenue during the forecast period.
The high adoption of this kind of system, especially in the government sector, is projected to create lucrative opportunities for the market. There has been an upsurge in the number of frauds, terrorism, physical violence, and theft. Transportation, colleges, retail stores, schools, and hospitals, are the major deployment place for video surveillance systems. Additionally, the major organizations are focusing on introducing this system in their offices globally. In 2018, Europe-based InfiNet Wireless introduced video surveillance systems in Mexico. The project focuses on installing high-capacity base station sectors to feed data and video to a central control room. According to the video surveillance system industry report, the increasing requirement of new IP-based digital technologies that are able to detect and prevent undesirable behaviors, including terror attacks, theft, shoplifting, and others, is one of the emerging video surveillance market trends will have a positive influence on the growth of the market.
Video Surveillance Systems Market’s leading Manufacturers:
- Axis Communications
- Bosch Security Systems, LLC
- Honeywell International Inc.
- SAMSUNG
- Panasonic Corporation
- FLIR Systems, Inc.
- The Infinova Group
- Schneider Electric SE
- Dahua Technology Co., Ltd.
Video Surveillance Systems Market Segmentation:
Segmentation by Type:
- Hardware
- Camera
- Analog
- IP Cameras
- Hybrid
- Storage
- Camera
- Software
- Video Analytics
- Video Management Software
- Services (VSaaS)
Segmentation by Vertical:
- Commercial
- Infrastructure
- Institutional
- Industrial
- Defense
- Residential
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
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