The Global Video Surveillance Market is Expected to Witness a CAGR of Above 13.3% During the Forecast Period 2019-2025
BANGALORE, India, Oct. 24, 2019 /PRNewswire/ -- According to recently published study "Video Surveillance Market By Component (Hardware [Network Security Cameras, Network Video Recorders (NVRs), HD CCTV Cameras, HD CCTV Recorders, Analogue Security Cameras & DVRs, Monitors, and Others], Software [Video Management Software and Video Analytics Software], and Services), By End-user (Commercial, Government, Residential, Education, and Industrial), and By Region (Asia Pacific, Americas, Europe, and Middle East & Africa) - Global Forecast up to 2025", Infoholic Research forecasts that the global market for video surveillance is anticipated to witness steady growth due to the below-mentioned factors:
1. Increasing investment to improve city surveillance
2. Rising interest in intelligent video surveillance solutions
3. Increasing penetration of IP cameras
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Video surveillance is expanding beyond the traditional practice of monitoring only the critical infrastructure. The growing focus on integrating next-generation technologies, i.e., deep learning, analytics, AI, and cloud computing, is considerably increasing the scope of video surveillance applications - traffic monitoring, people-count, facial recognition, posture detection, heat map, post-forensic analytics, and lot more.
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More importantly, with the increased adoption of AI, big data, and analytics, the video surveillance industry is ushered into a new era of possibilities, where front-end and back-end components will complement each other for a successful progression. For instance, a surveillance system powered by deep learning and integrated with video analysis has the ability to offer superior performance in facial recognition, anomaly detection, body attribute prediction, and unfamiliar action detection. Moreover, continuous advancements in AI, deep learning, and analytics are anticipated to offer significant improvements in the intelligence capabilities of the video surveillance systems. Moving forward, the adoption of these technologies is expected to create a huge demand for higher-end video surveillance devices such as deep-learning powered network video recorder (NVR) and high-resolution network cameras with higher zooming and image processing capability to support evidence collection.
Global Video Surveillance Market Forecast up to 2025: https://www.infoholicresearch.com/images/rdimages/video-suveillance.jpg
Based on components, the global video surveillance market is segmented into hardware, software, and services. Although the hardware segment was dominant in 2018 and contributed to more than 50% of the market share, it is anticipated to lose its market share to software and services segments toward the end of 2025. This is mainly due to the ongoing transaction toward IP-based surveillance solutions, increasing reliance on video analytics to enhance video surveillance efficiency, and rising preference for video surveillance as a service (VSaaS). Additionally, software is anticipated to be the fastest-growing segment, i.e., CAGR of 17.6%, during the forecast period. Also, this segment is expected to create an incremental opportunity of $8.06 billion between 2018 and 2025.
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Based on end-users, the global video surveillance market is segmented into commercial, government, residential, education, and industrial. The commercial segment dominated with more than 40% of the market share in 2018 and the trend is likely to continue during the forecast period. The residential segment is identified as the fastest-growing segment, i.e., CAGR of 18.0%, during the forecast period 2019-2025.
The global video surveillance market is segmented in the regions of Asia Pacific, Americas, Europe, and Middle East & Africa. Asia Pacific dominates the global video surveillance market, contributing to 53% share in 2018, and is expected to remain dominant throughout the forecast period. This is mainly due to China's dominance in video surveillance penetration, increasing investment in enhancing public security, and building security surveillance in other developing countries in the Asia Pacific region.
"Rising focus on integrating advanced technologies such as AI, analytics, and Big Data is increasing the demand for front- and back-end video surveillance products with higher specifications." - Delsingh Bright, Sr. Research Analyst, Infoholic Research
Global Video Surveillance Market: Key Segments
-- Global Video Surveillance Market, By Component
-- Hardware
-- Network Security Cameras
-- Network Video Recorder (NVRs)
-- HD CCTV Cameras
-- HD CCTV Recorders
-- Analogue Security Cameras and DVRs
-- Monitors
-- Others
-- Software
-- Video Management Software
-- Video Analytics Software
-- Services
-- Global Video Surveillance Market, By End-user
-- Commercial
-- Government
-- Residential
-- Education
-- Industrial
-- Global Video Surveillance Market: By Geography
-- Asia Pacific
-- Americas
-- Europe
-- MEA (Middle East & Africa)
Key Insights Covered
1 Executive Summary
2 Industry Outlook
2.1 Industry Overview
2.1.1 Industry Trends
2.1.1.1 AI-powered real-time face recognition
2.1.1.2 Rising preference for the 360-degree panoramic camera
3 Market Snapshot
3.1 Overview
3.1.1 PEST Analysis
3.1.2 Porter's Five Force Analysis
3.2 Related Markets
4 Market Characteristics
4.1 Market Value Chain
4.2 Market Developments
4.3 Market Segmentation
4.4 Market Dynamics
4.4.1 Drivers
4.4.1.1 Increasing investments to improve city surveillance
4.4.1.2 Rising interest in intelligent video surveillance solutions
4.4.1.3 Increasing penetration of IP cameras
4.4.2 Restraints
4.4.2.1 Concerns related to privacy and cybersecurity
4.4.3 Opportunities
4.4.3.1 Increasing smart city initiatives
4.4.3.2 Expanding urban infrastructure in developing economies
4.4.4 DRO - Impact Analysis
5 Video Surveillance Market, By Component
5.1 Overview
5.2 Hardware (AMR)
5.2.1 Network Security Cameras
5.2.2 Network Video Recorders (NVRs)
5.2.3 HD CCTV Cameras
5.2.4 HD CCTV Recorders
5.2.5 Analog Security Cameras and DVRs
5.2.6 Monitors
5.2.7 Others
5.3 Software
5.3.1 Video Management Software
5.3.2 Video Analytics
5.4 Services
6 Video Surveillance Market, By End-user
6.1 Overview
6.2 Commercial
6.3 Government
6.4 Residential
6.5 Education
6.6 Industrial
7 Video Surveillance Market, By Region
7.1 Overview
7.2 Asia Pacific
7.2.1 Overview
7.2.2 By Country - Market Size and Analysis
7.2.3 By Component - Market Size and Analysis
7.2.3.1 By Hardware
7.2.3.2 By Software
7.2.4 By End-user - Market Size and Analysis
7.3 Americas
7.3.1 Overview
7.3.2 By Country - Market Size and Analysis
7.3.3 By Component - Market Size and Analysis
7.3.3.1 By Hardware
7.3.3.2 By Software
7.3.4 By End-user - Market Size and Analysis
7.4 Europe
7.4.1 Overview
7.4.2 By Country - Market Size and Analysis
7.4.3 By Component - Market Size and Analysis
7.4.3.1 By Hardware
7.4.3.2 By Software
7.4.4 By End-user - Market Size and Analysis
7.5 Middle East & Africa (MEA)
7.5.1 Overview
7.5.2 By Component - Market Size and Analysis
7.5.2.1 By Hardware
7.5.2.2 By Software
7.5.3 By End-user - Market Size and Analysis
8 Vendors Profile
8.1 HANGZHOU HIKROBOT TECHNOLOGY CO., LTD.
8.1.1 Company Description
8.1.2 Business Analysis
8.1.2.1 Strategic snapshot
8.1.2.2 Business impact analysis
8.1.2.3 Operational snapshot
8.1.2.4 Product/service portfolio
8.2 Robert Bosch GmbH
8.2.1 Company Description
8.2.2 Business Analysis
8.2.2.1 Strategic snapshot
8.2.2.2 Business impact analysis
8.2.2.3 Operational snapshot
8.2.2.4 Product/service portfolio
8.3 Axis Communications
8.3.1 Company Description
8.3.1.1 Strategic snapshot
8.3.1.2 Business impact analysis
8.3.1.3 Operational snapshot
8.3.1.4 Product/service portfolio
8.4 Dahua Technology Co., Ltd.
8.4.1 Company Description
8.4.1.1 Strategic snapshot
8.4.1.2 Business impact analysis
8.4.1.3 Operational snapshot
8.4.1.4 Product/service portfolio
8.5 Motorola Solutions, Inc.(Avigilon)
8.5.1 Company Description
8.5.2 Business Analysis
8.5.2.1 Strategic snapshot
8.5.2.2 Business impact analysis
8.5.2.3 Operational snapshot
8.5.2.4 Product/service portfolio
9 Companies to Watch for
9.1 IDIS Ltd.
9.1.1 Company Description
9.1.2 Business Analysis
9.1.2.1 Strategic snapshot
9.1.2.2 Operational snapshot
9.1.2.3 Product/service portfolio
9.2 Panasonic Corporation
9.2.1 Company Description
9.2.2 Business Analysis
9.2.2.1 Strategic snapshot
9.2.2.2 Business impact analysis
9.2.2.3 Operational snapshot
9.2.2.4 Product/service portfolio
9.3 IndigoVision
9.3.1 Company Description
9.3.2 Business Analysis
9.3.2.1 Strategic snapshot
9.3.2.2 Business impact analysis
9.3.2.3 Operational snapshot
9.3.2.4 Product/service portfolio
9.4 VIVOTEK Inc.
9.4.1 Company Description
9.4.2 Business Analysis
9.4.2.1 Strategic snapshot
9.4.2.2 Operational snapshot
9.4.2.3 Product/service portfolio
9.5 Dynacolor, Inc.
9.5.1 Company Description
9.5.2 Business Analysis
9.5.2.1 Strategic snapshot
9.5.2.2 Product/service portfolio
10 Annexure
10.1 Report Scope
10.2 Research Methodology
10.2.1 Data Collation & In-house Estimation
10.2.2 Market Triangulation
10.2.3 Forecasting
10.3 Study Declarations
10.4 Report Assumptions
10.5 Abbreviations
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About Infoholic Research
Infoholic Research is a global market research and consulting organization providing strategic and high-level market intelligence in emerging and niche technologies. Founded in 2014, we are headquartered in India with an office in the US and with consultants working across the globe. Our market analysis powered by rigorous methodology and quality metrics provides information and forecast across all the emerging markets, technologies and business models. We aim at delivering high-quality results to our clients providing them with in-depth industry insights to identify new business opportunities and nurture their business strategies. For more information, please visit www.infoholicresearch.com.
CONTACT:
Kathakali
Infoholic Research LLP
+91-080-461-51400, +91-7276057863
kathakali@infoholicresearch.com
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