The global video surveillance market is projected to reach $61.1 billion by 2025, at a CAGR of 10.2% during 2020-2025. The growth of video surveillance market is driven by increasing awareness for safety and security, increasing crime rate, and growing adaptation of internet protocol (IP) cameras.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the video surveillance market by system (analog, IP, and others), product and services (hardware, software, and service), by end use industry (commercial, residential, transportation, government, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the video surveillance market?
Q.4 What are some changing demands of customers in the video surveillance market?
Q.5 What are the new developments in the video surveillance market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this video surveillance area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this video surveillance market?
Emerging trends, which
have a direct impact on the dynamics of the industry, include advanced
360-degree camera technology, utilization of Vizsafe platform services, and
enhanced camera capabilities for Video Management Systems.
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Market Segmentation:
Based on system type, the video surveillance market is segmented into analog, IP, and others. The IP segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to growing development of smart city and smart home applications. Additionally, technological innovations, real-time access, integration of wireless technologies, video analytics, and affordability are the factors driving the growth of the IP camera market.
Asia Pacific is expected to be the largest region over the forecast period and it is also expected to witness the highest growth over the forecast period due to the increasing number of hotels, banking & financial institutions along with small and medium enterprise growth in China, India and other emerging nations.
Key Players in the Video surveillance market are Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd, Bosch Security Systems, Honeywell International Inc., and Axis Communication among others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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