Global Video Surveillance Market to Reach $26.86 Billion by 2020
With increased digitalization and connectivity in smart buildings, video surveillance market is rapidly growing. In order to improve the effectiveness of security surveillance, end users are increasingly moving towards advance technologies for video surveillance systems. Users are increasingly adopting IP-based smart camera, high-definition (HD) CCTV monitoring, and 4K video surveillance.
Video surveillance systems are also integrated with other security systems including access controls, intrusion detection system, and other security systems. Suppliers are increasingly offering cloud platform for online video recording and analytics application for improving effectiveness of investments. Looking at the promising opportunities, several new suppliers are entering into video surveillance market place. In recent years, the prices of smart cameras used for video surveillance is reducing due to lower cost of smart sensors and increasing competition.
Increasing adoption of internet of things (IoT) technologies are leading to convergence of IT technology in video surveillance market. This convergence is expanding the business ecosystem of video surveillance systems with new applications, new industries, and new supplier ecosystem. Several IT companies are looking for share of video surveillance market with value-added applications such as analytics, cloud, big data, smart switches, and such others.
According to Quadrant Knowledge Solutions latest research on “Video Surveillance Systems Market Research Outlook” the market is expected to grow at a CAGR of 12.3% 2016-2020. Commercial buildings contributes the largest market with over one third of revenue is coming from this sector. However, the majority of the growth is expected to come from retail sector, as per the research findings.
Video Surveillance Systems market research service is a part of Quadrant’s Building Technologies sector. This research service provides strategic market insights, market share, market forecast, and detailed market opportunities of global video surveillance market. The study covers various segments of video surveillance systems, such as IP cameras, CCTV Cameras, DVR, NVR, Hybrid DVR, Encoders, Video Management System (VMS), Video Analytics, VSaaS, and other services. This research covers detailed market analysis of video surveillance adoption in industry verticals including Commercial, Infrastructure and Government, Industrial, Retail, and such Others. For more information on this research, please write to firstname.lastname@example.org.
Keywords: Video Surveillance, Video Monitoring, Video Analytics, IP-Camera, IP Surveillance, CCTV Monitoring, 4K Surveillance, Smart Cameras, Physical Security, Market Research, Market Share, Market Forecast, Market Size
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