Global Video Surveillance System Industry:
Growth opportunities in the global Video Surveillance System market look promising over the next six years. This is mainly due to the increasing application of video surveillance systems in various sectors, which includes retail, banking & financial services, and the transportation sector, followed by the increasing adoption of smart camera systems and rising demand for video analytics applications.
Global Video Surveillance System Industry Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
One of the major factors that is boosting the growth of the global video surveillance system market size includes the strong demand for this type of system at the global level. In addition to this, the increasing application of video surveillance systems in sectors including retail, banking & financial services, and the transportation sector, is further driving the market growth. Countries such as Brazil, the United Kingdom, the United States of America, and China are increasingly opting for this type of system at a large level. Furthermore, the rising adoption of smart camera systems and increasing video analytics applications is another factor that is contributing to the market growth.
The accelerating adoption of this type of system, especially in the government sector is opening new growth opportunities for the market growth. With the growing number of physical violence, theft, fraud, and terrorism, there has been an increase in the demand for video surveillance systems.
Leading players are focusing on introducing this system in their offices around the world. In 2018, Europe-based InfiNet Wireless implemented video surveillance systems in the ports of Northwestern Mexico. The main aim of this project was to install high-capacity base station sectors for feeding data and video to a central control room.
According to the video surveillance system market report, the launch of new IP-based digital technologies that can detect and prevent undesirable behaviors, including shoplifting, terror attacks, and others, is further contributing to the growth of the video surveillance system market share.
Type Segment Drivers
On the basis of the type, the software is expected to have a faster CAGR over the forecast period. The software segment consists of video analytics and video management software. The continuous technological advancements related to AI and deep learning is a major factor that is driving the growth of the segment. This factor has increased the need to launch new and innovative solutions to meet the security crisis.
Global Video Surveillance System Market’s leading Manufacturers:
- Axis Communications
- Bosch Security Systems, LLC
- Honeywell International Inc.
- Panasonic Corporation
- FLIR Systems, Inc.
- The Infinova Group
- Schneider Electric SE
- Dahua Technology Co., Ltd.
- Sony Corporation
Global Video Surveillance System Market Segmentation:
Segmentation by Type:
- Video Analytics
- Video Management Software
- Services (VSaaS)
Segmentation by Vertical:
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
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