Global Video Surveillance Market size was valued at US$ 39 Bn. in 2020 and is expected to grow at a CAGR of 10.1% through 2021 to 2027. Asia Pacific region leads the Global Video Surveillance Market by 2027.
Global Video Surveillance Market Overview:
This report examines the market growth drivers and hurdles for the manufacturer, as well as the market's firm strategies, procedures, and financially sound and develop strategy. Customization and an intensive information of marketplace opportunities can meet the desires of person customers. The global Video Surveillance Market study investigates the competition landscape and major players in the industry. In light of current industry conditions, this global Video Surveillance market report can help with structure planning.
The global video surveillance market was estimated at US $39 billion in 2020, and it is predicted to grow at a CAGR of 10.1 percent to US $76.48 billion by 2027. Video surveillance systems use cameras to monitor people, facilities, or areas from a distance. Protecting people, buildings, and possessions with video surveillance is a very effective and cost-effective method.
Market Scope:
According to the forecast period 2021-2027, the global Video Surveillance market is estimated to grow at the highest CAGR between 2021 and 2027. This research examines the global Video Surveillance market, including expectations and valuations. This study and analysis of market drivers, restraints, and opportunities affecting the growth of the Global Video Surveillance Market is included in this report. The global market is divided into four segments: type, source, end-user, and geography (country-wise). The objective of this report is to give a strategic analysis of the global Video Surveillance market in terms of individual growth trends, future prospects, and important sub-market participants' contributions. Estimates for North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America are included in the market study, as well as country-by-country segmentation. The strategic orientations, market positioning, and core competence assessments of major industry actors are profiled. The major firms in the Global Video Surveillance Market are profiled as well, with details on their most recent competitive breakthroughs, investments, strategic initiatives, and competitive landscape.
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Segmentation:
The market is divided into three categories: hardware, software, and services. By 2027, the hardware category is estimated to have the greatest market share of %. Because hardware accounts for more than 60% of the total cost of a video surveillance system, the hardware segment has a sizable market. As a result of growing security concerns across several industries, the number of cameras placed internationally is increasing. As the market transitions to IP cameras, a number of hardware-based advances that increase low-light performance, object tracking, and security have emerged. Technological advancements have resulted in highly specialised surveillance cameras that can be designed to scan items such as dangerous equipment at close range.
Commercial, Infrastructure, Military Defense, Residential, Public Facility, and Industrial are the different segments of the market. During the projected period 2021-2027, the commercial segment is expected to develop at a CAGR of percent. The growing importance of video surveillance systems as a result of increased security concerns across sectors such as retail, corporations, banks, and financial institutes is driving the commercial video surveillance market. The business sector has experienced a surge in demand for security solutions as a result of security breaches such as inventory loss, robbery, unlawful access, and other criminal activities. The rapid growth of small businesses, as well as retail outlets and malls, has increased the demand for surveillance systems in recent years.
Key Players:
• Avigilon Corporation
• Axis Communications AB
• Bosch Security Systems Incorporation
• Flir Systems Incorporation
• Hangzhou Hikvision Digital Technology Company Limited
• Samsung Techwin Company Limited
•Zhejiang Dahua Technology Company Limited
• Dahua Technology Co., Ltd.
• Mobotix AG
• Geovision, Inc.
• Genetec, Inc.
• Honeywell Security Group
• Infinova Corporation
• Nice Systems
• Panasonic System Networks Co., Ltd.
• Pelco By Schneider Electric
• Hanwha Techwin
• BCD Video
• CP Plus
• Tiandy
• Uniview
• Vivotek
• Zicom
Regional Analysis:
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the global Video Surveillance market. Selected market aspects that influence present and future market trends, as well as changes in market rules at the country level, are covered in the report's countries section. Some of the primary components used to forecast each country's market situation include consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.
COVID-19 Impact Analysis on Video Surveillance Market:
The recovery procedure for the COVID-19 pandemic has come to an end all around the globe. Maximize Market Research's Global Video Surveillance Market Status, Trends, and COVID-19 Impact Report 2021 examines the global Video Surveillance market in light of current economic conditions. MMR regularly assesses the impact of the COVID-19 pandemic on different sectors and industries in all areas. The same information can be found in the Maximize Market Research (MMR) report. It can be used to find out how COVID-19 has affected the decline and growth of the industry. In addition, MMR reports help identify market supply and demand gaps. The MMR report contains analysis, government policy updates, and a variety of other important data.
Key Questions answered in the Video Surveillance Market Report are:
- Which product segment grabbed the largest share in the Video Surveillance market?
- How is the competitive scenario of the Video Surveillance market?
- Which are the key factors aiding the Video Surveillance market growth?
- Which region holds the maximum share in the Video Surveillance market?
- What will be the CAGR of the Video Surveillance market during the forecast period?
- Which application segment emerged as the leading segment in the Video Surveillance market?
- Which are the prominent players in the Video Surveillance market?
- What key trends are likely to emerge in the Video Surveillance market in the coming years?
- What will be the Video Surveillance market size by 2027?
- Which company held the largest share in the Video Surveillance market?
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