According to the recent study the video surveillance market is projected to reach an estimated $61.1 billion by 2025 from $34.2 billion in 2019, at a CAGR of 10.2% from 2020 to 2025. Growth in this market is primarily driven by increasing awareness for safety and security, increasing crime rate, and growing adaptation of internet protocol (IP) cameras.
Browse 103 figures /
charts and 88 tables in this 195 -page report to understand trends,
opportunities and forecast in 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).
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detailed Table of
Content here - https://www.lucintel.com/video-surveillance-market.aspx
“IP market is expected to remain the largest segment during the
forecast period.”
Based on system type,
the video surveillance market is segmented into analog, IP, and others.
Lucintel forecasts that the IP market is expected to remain the largest segment
over the forecast period and is also expected to witness highest growth 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.
“Within the video surveillance market, the waste management segment
is expected to remain the largest end use industry.”
Based on end use
industry, the waste management segment is expected to witness the largest
end use industry over
the forecast period and witness the highest growth over the forecast period due
to increasing demand in hotels, banks, and retail enterprises. Expansion of
financial institution coupled with increasing need for building security and
monitoring customer and staff activities further spurred the growth for video
surveillance.
“Asia Pacific will dominate the video surveillance market in near
future.”
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.
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Major players of video surveillance
market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. Hangzhou Hikvision
Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd, Bosch
Security Systems, Honeywell International Inc., and Axis Communication among
others are among the major video surveillance providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or click on this link https://www.lucintel.com/video-surveillance-market.aspx or helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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