In a new industry research report published by Credence Research “Video Surveillance Equipment and Services industry (Component – Hardware, Software and Services) - Growth, Future Prospects, Competitive Analysis and Forecast 2016 - 2024”, the global video surveillance equipment and services industry stood at US$ 15 Bn in 2015 and is estimated to expand with a CAGR of 10.1% from 2016 to 2024.
Industry Insights
The video surveillance equipment and services industry has been primarily driven by increasing need to secure various buildings, sites and premises. With rising security threats and increasing instances of crime and terror attacks, there has been a growing need for public safety and protection. It has become imperative for various government bodies and businesses to deploy video surveillance systems within the premises and around the perimeter to ensure law enforcement and public protection.
Browse the full report Video Surveillance Equipment and Services: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at http://www.credenceresearch.com/report/video-surveillance-equipment-and-services-market
Other factors such as technological advancements in cameras and rising applications in video analytics have opened up new avenues in the overall video surveillance industry across the world. End-use industries including banking and finance, commercial, government, residential, retail, hospitability, and sports and events make use of video surveillance systems to provide enhanced public safety and security. Factors such as declining cost of network or IP-based cameras and rise of video surveillance as a service (VSaaS) have further fuelled the growth of the overall video surveillance industry across the world. In addition, technological advancements in thermal cameras, motion detection cameras, and day/night cameras have led to its increasing adoption in various high-end sectors in the developed industry such as the U.S., UK, Germany, France, Japan, South Korea and China, among others.
Some of the factors restricting the growth of security cameras industry included lack of technological awareness among consumers and high initial costs. Despite declining costs of network cameras, customers in most of the developing countries are yet to deploy video surveillance solutions on their premises. In addition, lack of technological awareness among consumers has led to limited popularity of video surveillance systems among various business owners in the emerging industrys. However, with the rise of cheaper cameras and growing adoption of video surveillance as a service (VSaaS), the overall video surveillance industry is expected to witness a strong demand in the following years. Thereby, the overall video surveillance industry is expected to witness strong growth across the world during the forecast period.
Competitive Insights:
The video surveillance equipment and services industry is highly consolidated in most of the developed regions in the world. The video surveillance equipment and services industry includes numerous providers in the video surveillance ecosystem including equipment manufacturers, network providers, software providers and system integrators, among others. Thereby, the industry in most of the developed countries has been witnessing price-based competition leading to increased strain on the video surveillance equipment and service providers. Video surveillance providers have been engaged in providing customized solutions for various end-use industries to better meet end-users requirements. Thereby, the industry is expected to witness rise of innovative applications which would further enable end-users to provide enhanced security and draw valuable insights from the surveillance videos through video analytics.
Key Trends:
Video surveillance as a service (VSaaS) gaining industry share across the world
Increasing use of video analytics such as facial recognition, behavior analysis, and event prediction, among others
Rise of integrated applications delivering increased value to the end-users
Growing interest in crowdsourcing video surveillance solutions
Increasing use of advanced cameras including thermal cameras, multi-megapixel cameras, super low-light cameras, and panoramic cameras, among others
Browse the full report Video Surveillance Equipment and Services: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at https://goo.gl/BE1FlV
ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 industry Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 industry Snapshot: Global Video Surveillance Equipment and Services industry
2.2 Global Video Surveillance Equipment and Services industry, By Component
2.3 Global Video Surveillance Equipment and Services industry, By End-use Industry
2.4 Global Video Surveillance Equipment and Services industry, By Geography
Chapter 3 industry Dynamics
3.1 Introduction
3.1.1 Global Video Surveillance Equipment and Services industry Revenue, 2014 – 2024, (US$ Mn)
3.2 industry Dynamics
3.2.1 industry Drivers
3.2.2 industry Growth Inhibitors
3.2.3 Impact Analysis of industry Drivers and Restraints
3.3 Attractive Investment Proposition
Chapter 4 industry Inclination Insights: Video Surveillance Equipment and Services industry
4.1 Overview
4.1.1 Evolution of Video Surveillance Equipment and Services
4.1.2 Key Trends Analysis
Chapter 5 Global Video Surveillance Equipment and Services industry Analysis, By Component
5.1 industry Analysis
5.2 Hardware
5.2.1 Cameras
5.2.2 Servers
5.2.3 Storage
5.2.4 Monitors
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