NEW YORK, Dec. 24, 2015 /PRNewswire/ -- This BCC Research report analyzes the video surveillance market as per types, components and applications as well as focus on regulations affecting the market. It also analyzes regional markets in North America, Europe, Asia-Pacific and the rest of the world (ROW). Includes forecasts through 2020.
Use this report to:
Analyze market revenues broken out by types, applications, and components.
Analyze regional markets for video surveillance and VSaaS components in North America, Europe, Asia-Pacific and the rest of the world (ROW).
Identify market trends, issues, and factors affecting video surveillance and the VSaaS market.
Gain information about opportunities with respect to region and application for video surveillance and the VSaaS market.
The global video surveillance and VSaaS components market will grow from $19.5 billion in 2015 to $50 billion in 2020 with a compound annual growth rate (CAGR) of 20.7% for the period 2015-2020.
Hardware is the largest segment of the global market and should reach approximately $14.3 billion in 2015 and $34 billion by 2020, with a CAGR of 19%.
The software component of this market is expected to increase from nearly $4.3 billion in 2015 to nearly $11.5 billion in 2020, with a CAGR of 21.9%.
For the past decade and a half, the need for video surveillance has risen due to security issues faced by both individuals and organizations. Increasing terrorists' strikes and growing crime rates have become global issues and there is a high demand for security solutions. Chief among other security concerns that the global community
faces include drug trafficking, border threats, internal discontent, financial fraud and theft. Terrorism, both domestic and international in its myriad forms, is the most pressing security concern. With buildings, flights, trains, crowded areas, schools, and holiday destinations under threat, governments across the globe are constantly looking for new methods to keep populations safe.
Regions around the world, including the United States United Kingdom, Middle East and Asia-Pacific countries, such as India and Pakistan, are under the constant threat of terrorism. Industries such as aviation, hospitality and education are also consistently facing terrorist threats.
Video surveillance is one of many solutions that those in charge of security are using.
Advanced solutions in development and new applications are entering the market that allow security agencies to cover large areas with video cameras with limited staff.
STUDY AND OBJECTIVE OF REPORT
Define the video surveillance and video surveillance as a service (VSaaS) market.
Estimate market revenues of types, applications and components of video surveillance.
Identify market l trends, issues and factors affecting video surveillance and the VSaaS market.
Explain opportunities with respect to regions and applications of video surveillance and the VSaaS market.
Profile major players and analyze their core competencies and strategies.
DESCRIPTION OF MARKET
The global video surveillance and VSaaS market includes hardware, software and services. Video surveillance hardware includes cameras. The video surveillance software market and video management software is expected to be in high demand, along with video analytics, as demand increases for Internet Protocol (IP)-based video
The IP video surveillance market is undergoing an evolutionary phase in developing countries, therefore promising significant potential. In developed countries, IP surveillance systems are replacing analog surveillance systems. Increasing awareness regarding the benefits of IP-based surveillance systems, favorable regulatory
impositions and rising security concerns are expected to catalyze the growth of the IP surveillance market from 2015 to 2020.
IP surveillance systems have better flexibility and scalability features compared to closed-circuit television (CCTV) and conventional surveillance systems. Analog systems are expandable only to a specific limit: for example, only a limited number of cameras can be added to an existing infrastructure. However, IP surveillance systems are
creating better opportunities for end users willing to focus on multilevel or multisite business expansions. For this reason, organizations are expected to prefer IP surveillance systems over analog systems. IP surveillance systems are configured with advanced technology such as video motion detection, frame rate control, automatic
brightness control, internal storage memory and remote-zoom features.
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