The Global video
surveillance & VSaaS market is expected to reach USD 48.95 billion by 2020,
according to a new study by Grand View Research, Inc. Growing number of
security concerns on a global level coupled with increased investment in
sophisticated surveillance network development is expected to drive the market.
Increased demand for traffic surveillance and intrusion detection is also
expected to propel market growth over the next six years.
Technological advancement has led to the
development of improved surveillance cameras and related devices. Declining IT
costs and centralized data management are expected to positively impact the
video surveillance & VSaaS market. Privacy concerns associated with public
surveillance may restrain market growth. Implementing big data analytics
solutions is expected to provide viable growth opportunities to companies
operating in the market. Mobile video surveillance allows real-time data
viewing, which presents growth potential to the video surveillance market.
Access
Research Report of Video Surveillance & VSaaS Market @:
Further key findings from the study suggest:
· IP-based systems are expected to gain
market share over the forecast period, which can be attributed to benefits such
as superior image resolution and integrated analytics engines. Demand for
analog systems is expected to remain robust in the price-sensitive consumer
segment.
· Hardware accounted for majority of the
market share in 2013, and is expected to remain the leading component segment
over the forecast period. Key hardware products include cameras, recorders and
storage devices; need for efficient security in public venues and sporting
events is expected to drive global surveillance cameras demand. The services
segment that includes hosted, managed, and hybrid services is expected to
witness high growth over the next six years.
· Transportation and retail are expected to
remain the major application segments over the forecast period. Need for
traffic regulation and controlling theft and vandalism activities in public
transport are expected to drive market growth. Video surveillance proves
effective for deterring crime and curbing business losses, which is expected to
fuel the retail segment.
· North America was the largest regional
market in 2013, and is characterized by the presence of several industry
participants. Asia Pacific is expected to gain market share over the forecast
period; this is mainly due to growing installation of surveillance devices in
China and India, along with increased infrastructure spending in the region.
· Key market players include Hikvision
Digital Technology, Axis Communications, Honeywell, Cisco, Bosch Security, etc.
Companies enter into strategic alliances and focus on product innovation in
order to gain market share. Focus on providing VSaaS solutions and investing in
emerging markets are other strategic initiatives.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/electronic-security-systems-and-devices
Grand View Research has segmented the
global video surveillance & VSaaS market on the basis of product,
component, application and region:
Video Surveillance & VSaaS Product
Outlook (USD Billion, 2012 - 2020)
·
IP-Based
·
Analog
Video Surveillance & VSaaS Component
Outlook (USD Billion, 2012 - 2020)
·
Hardware
·
Software
·
Services
Video Surveillance & VSaaS Application
Outlook (USD Billion, 2012 - 2020)
·
Residential
·
Retail
·
Transportation
·
Government
·
Corporate
·
Hospitality
·
Industrial
·
Healthcare
·
Stadiums
·
Others
Video Surveillance & VSaaS Regional
Outlook (USD Billion, 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
Access Press Release of
Video Surveillance & VSaaS Market @: www.grandviewresearch.com/press-release/global-video-surveillance-vsaas-industry
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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