The video surveillance market is anticipated to grow at a CAGR of 12.11% during the forecast period to reach a market size of US$60.398 billion by 2023, increasing from US$30.418 billion in 2017. Video surveillance solutions are used for monitoring the activities of the individuals over a prescribed area. Rising security threats owing to increase in criminal activities is a major factor responsible for the continuous adoption of the video surveillance solutions globally. Simultaneously, the availability of unmanned drones that can provide comprehensive surveillance solutions has been growing, therefore, pushing the growth of the video surveillance market. Moreover, their ability to reduce the cost of monitoring as compared to the traditional methods is further fueling the growth of the market. However, the technology used in the video surveillance solutions can be compromised, thus, impacting the market growth to some extent.
North America was the dominant market in 2017 on account of early adoption of new technologies in the region, while Asia Pacific is anticipated to grow at the highest CAGR owing to the increasing government initiatives and development of the smart city infrastructure.
The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Video Surveillance. Complete industry analysis has also been covered by Porter’s Five Forces model as a part of this report section.
Thirdly, Video Surveillance market has been segmented by components, end-use industry, and geography. On the basis of components, the market is segmented as hardware (cameras, recorders, monitors and others), software and services. By end-use industry, the global market for Video Surveillance has been segmented as retail and logistics, healthcare, military and defense, travel and transportation among others as a part of this report.
Important regions for vendors in terms of market size are covered through detailed geographical segmentation and country Pressure forecasts. Geographical regions covered as a part of this section are Americas, Europe Middle East and Africa, and Asia Pacific.
Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry player profiles as part of this section are Bosch Security Systems, Honeywell Security Group, Geovision, Inc., and PELCO, Inc. among other companies.
The video surveillance market has been analyzed through following segments:
o Video Surveillance Market Forecast by Components
• Audio Systems
o Video Surveillance Market Forecast by End-Use Industry
Retail and Logistics
Military and Defense
Travel and Transportation
o By Geography
• United States
• United Kingdom
Middle East and Africa
• Saudi Arabia
• United Arab Emirates
• South Africa