LONDON, Nov. 26, 2014 /PRNewswire/ -- The video surveillance system is considered one of the key offerings in the surveillance industry. The trend of rising crime rates and security concerns is growing globally. In such a scenario, security becomes important vis-à-vis analyzing any potential threats to the public and to properties. The demand for video surveillance systems is increasing, considering this market is expected to grow at a CAGR of 16.97% in the coming future.
This report classifies the video surveillance market into four different segments, namely, market by system type, hardware, software, services offered, application and geography. The report includes the analyses and forecasts related to the video surveillance market.
The scope of the report includes the video surveillance market by system type, hardware, software, services offered, application, and geography. Based on the hardware used, the video surveillance market has been classified into camera, monitors, storage, and accessories. Based on the application, it has been segmented into infrastructure, commercial, institutional, industrial, and residential applications.
The global video surveillance market is expected to reach $42.06 billion by 2020, at a CAGR of 16.97%. IP system market is expected to grow at a CAGR of 23.51%. North America is the biggest IP video surveillance market, followed by Europe and APAC.
The report analyzes the entire market in terms of all the major geographical segments, namely North America, South America, Europe, Africa, the Middle-East, and Asia. North America is currently the largest market for IP video surveillance system, but the Asian region is expected to exhibit substantial growth in the next seven years.
The report also illustrates the competitive landscape of the industry by analyzing the major players and the strategies adopted by them to gain traction in the market. Apart from the market segmentation data, the report also includes a qualitative analysis of various market dynamics such as the drivers, restraints, opportunities, burning issues, and winning imperatives. It also analyzes the overall market through various models such as Porter's five forces model. The report includes profiles of major market players in the global video surveillance market with their respective market share analysis.
The report profiles the major companies active in this field, including Axis Communications AB (Sweden), Avigilon Corporation (Canada), Bosch Security System, Inc. (U.S.), and Pelco by Schneider Electric (U.S.) among others.
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