Video Surveillance Market 2022 Growth Forecast at 16.56% CAGR Dominated by IP Video Surveillance System

Mar 24, 2016, 08:30 ET from RnR Market Research

PUNE, India, March 24, 2016 /PRNewswire/ --

Commercial sector of global video surveillance market is expected to grow at the highest CAGR between 2016 and 2022, while geographically, APAC is forecast to hold the highest market share and grow at a high CAGR during forecast period.

Complete report on global video surveillance market spread across 192 pages, profiling 12 companies and supported with 81 tables and 60 figures is now available at http://www.rnrmarketresearch.com/video-surveillance-systems-services-market-analog-ip-components-hardware-cameras-monitors-storage-software-video-analytics-vms-service-vsaas-hosted-managed-hybrid-analysis-market-report.html

The major reason for the growth in video surveillance is due to the increasing rate of security threats, criminal activities, thefts, and others. The advancements in video surveillance applications such as cloud services, network cameras, big data analytics, and other technologies have increased the scope of the video surveillance market for wider application in different sectors.

An IPvideo surveillance system dominates the market since the price of high-image quality-based IP cameras prices reduce and use of IP cameras dominate analog cameras. Also, the implementation of video surveillance software with IP systems is easy and the portability of storage space for data storage increases its use in all sectors. These factors are likely to grow the video surveillance market for IP systems at a high CAGR.

This report covers the said market in regions including the North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The high adoption rates of new technology, large number of market players, and growing security threats are some of the important factors that have contributed to the growth of the video surveillance market in the APAC region.

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.). Order a copy of Video Surveillance Market by System (Analog, IP), Component (Camera, Monitor, Server, Storage Device, Software), Service (VSaaS, Maintenance), Application (Infrastructure, Commercial, Institutional, Defense, residential), and Geography - Global Forecast to 2022 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=113821  

To determine the market size of various segments and sub-segments of the over the top (OTT) market, extensive secondary research is done. In Tier 1 (25%), Tier 2 (50%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (35%) and Director Level (25%) and others (40%) from various key organizations operating in the global video surveillance market. The primary interviews were conducted worldwide covering regions such as North America (45%), Europe (30%), APAC (30%) and Row (5%).

On a related note, another research on Video Surveillance Storage Market Global Forecast to 2020 says, the global video surveillance storage market is expected to be USD 6.65 billion in 2015 and is estimated to grow at a high Compound Annual Growth Rate (CAGR) during the forecast period. This report provides detailed insights into the video surveillance storage market split across five major regions such as North America, Europe, Asia-Pacific, Middle East Africa, and Latin America.

Companies like Cisco Systems, Dell, EMC Corporation, Hitachi, Seagate Technology, NetApp, Robert Bosch GmbH, Honeywell International, Avigilon Corporation, and Pelco by Schneider Electric have been profiled in this 147 pages research report available at http://www.rnrmarketresearch.com/video-surveillance-storage-market-by-technology-das-san-nvr-nas-dvr-unified-storage-by-media-hdd-ssd-optical-drives-linear-tapes-by-deployment-cloud-on-premise-worldwide-market-fore-market-report.html .

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