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Video Surveillance Market worth 71.28 Billion USD by 2022

The market for the defense sector is expected to grow at a high rate since video surveillance and biometrics surveillance systems are used by armies to protect army base capes, border areas, and arms inventories. This is likely to reduce terror activities on borders and central areas.

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Video Surveillance Market worth 71.28 Billion USD by 2022

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  1. MarketsandMarkets Presents Video Surveillance Market is expected to be worth USD 71.28 Billion by 2022, at an estimated CAGR of 16.56%. Browse 81 tables and 61 figures spread through 175 Pages and in-depth TOC on "Video Surveillance Market - Global Forecast to 2022"

  2. Software component and service segment is expected to lead the video surveillance market The market for the service segment is expected to grow at the highest CAGR between 2016 and 2022. Cloud services and video surveillance as a service (VSaaS) play an important role in the video surveillance system. Software components include video analytics and video management software. Also, the use of neural networks and algorithms in the biometric surveillance system is a part of software component.  The advancement in software technologies and networking services would lead the video surveillance market. Commercial sector is expected to grow at the highest CAGR between 2016 and 2022 The market for the commercial sector is expected to grow at the highest CAGR between 2016 and 2022. The high demand for security systems in large and small retail businesses is increasing to reduce robbery and inventory loss. In the commercial sector, financial institutions and banks highly recommend video surveillance systems to provide security to the buildings, maintain cash management, and monitor customers and staff activities. This enhances security parameters and drives the surveillance system market for the commercial sector.

  3. APAC is expected to hold the highest market share and grow at a high CAGR during forecast period The video surveillance market in APAC is expected to grow at the highest CAGR among its peers between 2016 and 2022. The reason for this growth is adoption of new technologies (cloud services and other analytics technologies) and security systems to protect its economy and infrastructure through criminal activities and terror attacks. Thus, reduction in IP cameras prices and the presence of big players are the factors which would drive the video surveillance system market in this region. PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=645 The key players in the ecosystem of the video surveillance market profiled in this report are Axis Communications AB (Sweden), Bosch Security Systems (U.S.), Zhejiang Dahua Technology Co., Ltd. (China), Hangzhou Hikvision Digital Technology Co., Ltd. (China), FLIR Systems Inc. (U.S.), Honeywell Security Group (U.S.), Avigilon Corporation (Canada), PELCO by Schneider Electric (U.S.), Panasonic System Networks Co., Ltd. (Japan), Samsung Techwin Co., Ltd. (South Korea), Nice Systems, Limited (Israel), and Infinova Corporation (U.S.).

  4. About Report : http://www.marketsandmarkets.com/Market-Reports/video-surveillance-market-645.html This research report categorizes the global video surveillance system market based on component and service, system, application, and region. This report describes the drivers, restraints, opportunities, and challenges with respect to the video surveillance system market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the video surveillance system market. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.com

  5. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

  6. Contact Us Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.com

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