Wireless Monitoring and Surveillance Market
Market Research Future (MRFR) asserts that the global wireless monitoring and surveillance market is predicted to garner USD 111.10 billion, grabbing a CAGR of 16.85% during the forecast period (2018–2023). The surging demand for cost-effective and better security management is estimated to favor the market growth. Wireless monitoring & surveillance is referred to as an advanced monitoring and surveillance measure which uses monitoring systems, cameras, and wireless connectivity. It is the Wi-Fi technology which is used in corporate as well as residential complexes. Wireless monitoring is considered faster than any other traditional methods as the Wi-Fi which is being used as a wide area coverage.
Market Potential and Pitfalls
The market’s course is chiefly directed by the surging demand for cost-effective and better security management. With strict initiatives from the government on technology compliance and fast-moving growth of the network video market, the global wireless monitoring and surveillance market is considered to flourish. It has been noticed by the end-users that wireless monitoring is cheaper than any other traditional wired monitoring & surveillance. This is considered to propel the market growth throughout the appraisal period. Wireless monitoring offers several benefits which include cheaper installation, faster transmission speed, accurate transmission of data, flexible connections, and is an ideal solution for remote monitoring locations. Such benefits are estimated to propel the market growth throughout the appraisal period.
The demand for improved and security monitoring solutions has augmented the need for monitoring and surveillance devices. These devices play a crucial role in the development of improved security systems and also help to monitor in places where it is not feasible to include cables. Wireless cameras which act as a security system are becoming prominent due to their low connection prices. They possess elastic installation options and can be mounted in places where it is unreachable for the standard wired cameras. Moreover, the suitability of access, ease of use, wireless safety camera allows the operators to control broadband wireless internet in order to provide seamless streaming of video over the internet. Such factors have intensified the demand for wireless monitoring and surveillance market across the globe.
On the contrary, several disadvantages of wireless transmission are estimated to deter its market growth. As the signals of Wi-Fi can be easily intercepted, it becomes crucial for the system integrators to provide precautionary measures like firewalls. Moreover, surging demand for high-resolution images, the growing need for storage capacity, and issues related to privacy are likely to vitiate the market growth during the assessment period.
Global Wireless Monitoring and Surveillance Market: Segmental Analysis
The global wireless monitoring and surveillance market has been segmented on the basis of component, type, connectivity, and end-users.
By mode of component, the global wireless monitoring and surveillance market has been segmented into software, hardware, and services.
By mode of type, the global wireless monitoring and surveillance market has been segmented into wireless personal monitoring system, wireless security monitoring system, wireless network monitoring system, and wireless video monitoring system.
By mode of connectivity, the global wireless monitoring and surveillance market has been segmented into Bluetooth/BLE, Wi-Fi, Zigbee, Z-Wave, NB-IoT, 6LoWPAN, cellular/LTE, and others.
By mode of end-users, the global wireless monitoring and surveillance market has been segmented into security, healthcare, entertainment & media, infrastructure, government, BFSI, and others.
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Market ScenarioThe global wireless monitoring and surveillance market was valued at USD 44.55 billion in 2017 and is expected to reach USD 111.10 billion in 2023 at a CAGR of 16.85%.Wireless monitoring and surveillance is an advanced measure of monitoring and surveillance using cameras, monitoring systems, and wireless connectivity.
Additionally, these signals can be enhanced by using repeaters and network boosters.
The major advantage of using wireless technology is low interference.Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/975However, wireless transmission has its disadvantages.
Various other wireless technologies such as Zigbee, Bluetooth Low Energy, NB-IoT are used for increasing the efficiency and throughput of the data transmission.
It also provides an ability to connect with different IoT devices for remote surveillance.The benefits of wireless monitoring include faster transmission speeds, cheaper installation, flexible connections, accurate data transmission, suitable for remote monitoring locations.Key Players:The prominent players in the Wireless Monitoring and Surveillance Market are – Texas Instruments Inc. (US), National Instruments Corporation (US), D-Link Corporation (US), The ADT Corporation (US),Cisco Systems Inc. (US), Uniden Corporation (Japan), Robert Bosch GmbH (Germany), Axis Communications AB ( Sweden), Honeywell International Inc. (US), and Panasonic Corporation (Japan).
These players focus on expanding tapping emerging geographies by merging with companies operating locally.Other players in the wireless monitoring and surveillance market include Sigfox (France), Xsensio (Switzerland), Credit Karma (US), Telensa Ltd (UK), Actlight (Switzerland), Enevo (Finland), Perpetuum (UK), Sony Corporation (Japan), Vision Semantics (UK), Calipsa (UK), Attero (India), Intamac (UK), and others.These players majorly focus on research and development to innovate products and enhance its performance enabling them to stay competitive in the wireless monitoring and surveillance market.SegmentationBy component, the market is segmented into hardware, software, and services.
The global wireless monitoring and surveillance market report by Market Research Future (MRFR) covers drivers, challenges, opportunities, and trends for the period of 2018 to 2023 (forecast period).
Implications of the COVID-19 pandemic on the industry have been taken into account in the latest iteration of the report.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/975Market ScopeThe global wireless monitoring and surveillance market is expected to reach USD 111.10 billion in 2023 at a CAGR of 16.85% during the forecast period.
It was valued at USD 44.55 billion in 2017.The market is driven by benefits of Wi-Fi such as flexible connectivity, accurate data transmission, cheap installation, and fast transfer of data.
In addition, development of mobile apps for monitoring and availability of customized kits for easy installation of systems will benefit the market in the long run.Alternative to Wi-Fi such as Bluetooth Low Energy, NB-IoT, and Zigbee and the low security features of wireless technology are major challenges faced by the market.SegmentationBy component, the market is segmented into hardware, software, and services.
Services are segmented into monitoring, designing & implementation, and control services.By type, the market is segmented into wireless personal monitoring system, wireless video monitoring system, wireless security monitoring system, and wireless network monitoring system.By connectivity, the market is segmented into cellular/LTE, Wi-Fi, Bluetooth/BLE, Zigbee, 6LoWPAN, Z-Wave, NB-IoT, and others.By end-user, the market is segmented into healthcare, BFSI, security, infrastructure, government, entertainment & media, and others.Regional AnalysisThe regional analysis of wireless monitoring and surveillance market is studied for North America, Europe, Asia-Pacific, and the rest of the world.
Among the regions mentioned above, the wireless monitoring system and surveillance have spread its roots in North America and most of Europe.
Wireless Monitoring and Surveillance Market TrendsAdd image credit, source, and captionThe global wireless monitoring and surveillance market was analyzed by Market Research Future (MRFR) and it was projected that an impressive CAGR of 16.85% will be attained by the market over the forecast period of 2018 to 2023.
The valuation of the global wireless monitoring and surveillance market was further stated to surpass its previous valuation of USD 44.55 Billion in 2017 and reach USD 111.10 Billion by the end of the forecast period.The study of the global wireless monitoring and surveillance market reports that the growing demand and need for security and better monitoring solutions has subsequently boosted the demand for improved monitoring and surveillance devices.
The players who are manufacturing wireless security products also have a key role behind monitoring and executing these wireless operations.MRFR reports that wireless cameras as a security system are becoming increasingly popular due to their comparatively low connection pricing.
This way, the wireless cameras can be mounted across places which were previously unreachable to standard wired cameras.
Moreover, it is extremely easy to use and its suitability of access, which enables operators of wireless safety camera to control the broadband wireless internet in order to offer smooth video streaming ove the internet.Some of the other pointers contributing to the growth of the wireless monitoring and surveillance market are the rising implementation level of video analytics, growing demand towards installing video surveillance, surging usage of high-definition (HD) cameras, and an increasing need for enhanced security measures.
However, it should be noted that factors like the need for storage capacity, increasing issues concerning privacy, and the proliferating demand for high resolution pictures can all collectively hinder the market growth of wireless monitoring and surveillances.Market Potential and PitfallsThe market’s course is chiefly directed by the surging demand for cost-effective and better security management.
In our aim to provide our erudite clients with the best research material with absolute in-depth information of the market, our new report on Global Wireless Monitoring and Surveillance Market is confident in meeting their needs and expectations.
The 2018 market research report on Global Wireless Monitoring and Surveillance Market is an in-depth study and analysis of the market by our industry experts with unparalleled domain knowledge.
The report covers a vast expanse of information including an overview, comprehensive analysis, definitions and classifications, applications, and expert opinions, among others.
With the extent of information filled in the report, the presentation and style of the Global Wireless Monitoring and Surveillance Market report is a noteworthy.Request a sample of this report @ https://www.orbisresearch.com/contacts/request-sample/2789219The Global Wireless Monitoring and Surveillance Industry report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe.
Not only does the report cover a holistic view of the industry from a global standpoint, but it also covers individual regions and their development.
Accurate forecasts and expert opinion from credible sources, and the recent R development in the industry is also a mainstay of the Wireless Monitoring and Surveillance Market report.The report also focuses on the significance of industry chain analysis and all variables, both upstream and downstream.
