Increased installation of CCTV cameras in public and private vicinities continues to boost their market prospects. Market Research Future (MRFR) reports the global CCTV camera market is set to capture 12.90% CAGR during the assessment period (2019-2024). The market is likely to touch a valuation of USD 31990.8 million by the year 2024. Theses cameras are increasingly used for preventing theft, civil unrest, anti-social activities etc.
Regional Analysis
The global CCTV camera market spans across North America, Europe, Asia-Pacific, and the rest of the world.
The growing adoption of smart homes, increasing awareness regarding security and safety and ease of installation rising adoption are expected to drive the market during forecast period. Advancements in wireless IP cameras and emerging smart city initiatives are expected to create opportunities for the CCTV camera market. However, issues regarding privacy and loss of data are expected to limit the market growth during the forecast period.
The geographic analysis of the CCTV camera market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world. North America is expected to dominate the CCTV camera market during the forecast period due to the high adoption of CCTV cameras by the government for surveillance. Among the major countries in North America, the US exhibited a steady growth in the CCTV camera market over the last decade. The US and Canada are the countries where adoption and advancement in technology is high. Consumers in the countries purchase CCTV cameras for security purpose.
Asia-Pacific was the second largest market in 2018, valued at USD 4,897.8 million; the market is projected to exhibit the highest CAGR during forecast period. China accounted for the largest market share of 46.87% in 2018. The rest of Asia-Pacific was the second-largest market in 2018. However, the market in India is expected to register the highest CAGR during forecast period. Vendors in the CCTV camera market are focusing on improving their services and expanding into the underdeveloped and developing economies. The improvement of the global economic scenario combined with technological advancements in the emerging economies
In 2018, the UK accounted for the largest market share 2018; the market is expected to register the highest CAGR during the forecast period. The rest of Europe was the second-largest market in 2018.
Global CCTV Camera Market: Segmental Analysis
The segmental analysis of the market has been conducted based on services, application, product, resolution, and technology.
On the basis of services, the market has been segmented into managed service and professional services. Of these, the professional services segment currently commands the lion’s share of the market. In addition, the segment is anticipated to capture the strongest CAGR during the projection period. This is mainly owing increased demand for professional services (maintenance, support and installation). Most users higher professionals for installing security camera systems for precision and accuracy. An array of installation services is available that are tailor-made as per the requirements of the user. Meanwhile, demand for managed services such as system performance monitoring, security, installing new servers and storage, network and communication, remote services, hosted HD video conferencing and disaster recovery is on the rise.
On the basis of application, the market has been segmented into industrial, residential and commercial. In terms of value, the commercial segment currently holds the dominant market share and is projected to demonstrate an impressive growth during the forecast period. Rapid urbanization in developing countries is driving the growth of the commercial segment. Increased construction of shopping malls, departmental stores, and other commercial structures is also contributing to the segment’s growth. This characterises the increase demand for security cameras for commercial buildings. Meanwhile, the residential segment holds the second spot and is likely to retain its position over 2024.
On the basis of product, the market has been segmented into dome security camera, box security camera, bullet security camera, thermal security camera and PTZ security camera. CCTV cameras are likely to undergo further product diversification in the forthcoming years.
Global CCTV Camera Market: Competition Analysis
Some of the prominent companies operating in the market Bosch Security Systems (Germany), Digital Watchdog, Inc (US), Sony Corporation (Japan), Axis Communications AB (Sweden), Dahua Technology Co., Ltd (China), FLIR Systems, Inc (US), Hanwha Techwin Co., Ltd (South Korea), CP Plus International (India), Hangzhou Hikvision Digital Technology Co., Ltd (China), and Honeywell International, Inc. (US).
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The report includes basic information along with advanced market statistics of the global CCTV Camera market.
Accurate information about the market dynamics along with future growth prospects are analyzed in the report.
Data experts analyze the market information and come up with detailed insights revealing operating margins, competitive landscape, key industry trends and the factors impacting the global CCTV Camera market.
Different strategies undertaken by market players in order to get a competitive advantage over their competitors and increase their global market reach are also studied comprehensively in the report.The chapter on market dynamics includes market drivers, restraints, and opportunities which help familiarize with market potential and upcoming opportunities.
The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis.
The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.For More Enquiry and Discount related quarries: https://www.datalibraryresearch.com/enquiry/home-security-camera-market-2022SegmentationThe global CCTV Camera market has been segmented on the basis of production, region, market share and so on.
CCTV Camera Market TrendsThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on CCTV Camera Market Trends.
The growth sectors of the CCTV Camera Market Trends are identified with precision for a better growth perspective.The Global CCTV Camera Market is projected to register a 12.90% CAGR, witnessing substantial growth during the forecast period.
Thanks to a technological shift from analog video surveillance systems to network camera solutions, the CCTV camera market is rapidly increasing.
Companies need to concentrate on manufacturing a variety of network cameras, which are in tremendous demand in various vertical industries.
Technology advances are driving the growth of the global market for CCTV camera.
In addition, advances in wireless IP cameras and emerging Smart City initiatives are expected to serve as opportunities for the global market for CCTV camera during the forecast period.Segmental AnalysisBased on product, the global CCTV camera market has been divided into technology, product, application, services, resolution, and region.By technology, the global CCTV camera market has been divided into IP security camera and analog camera.
This report presents the worldwide CCTV Camera market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.The CCTV Camera market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period.
In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for CCTV Camera.Request a sample of this report @ http://www.orbisresearch.com/contacts/request-sample/2282962The following manufacturers are covered in this report:VIMAR SpASiqura B.VACESEE Security LimitedSynectics Industrial SystemsTBTOrlacoRugged MarineInodicHernis Scan SystemsWISKA Hoppmann & MulsowALPHATRON MARINECAMSTAR USASANANPelcoShenzhen ZhongXI Precision Metal ProductsShivisionSwannFoscamD-LinkLGFinestPanasonicAVTECHShenzhen Leshi Video Tech Co., Ltd(LSVT)ShenZhen SANAN Technology Co., Ltd.CCTV Camera Breakdown Data by TypeAnalogHybridIPBrowse the complete report @ http://www.orbisresearch.com/reports/index/global-cctv-camera-market-insights-forecast-to-2025CCTV Camera Breakdown Data by ApplicationCasinosBanksMilitary InstallationsAirportsShopping mallsConvenience storesOtherCCTV Camera Production by RegionUnited StatesEuropeChinaJapanSouth KoreaOther RegionsOther RegionsCCTV Camera Consumption by RegionNorth AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaMalaysiaPhilippinesThailandVietnamEuropeGermanyFranceUKItalyRussiaRest of EuropeCentral & South AmericaBrazilRest of South AmericaMiddle East & AfricaGCC CountriesTurkeyEgyptSouth AfricaRest of Middle East & AfricaThe study objectives are:To analyze and research the global CCTV Camera status and future forecast?involving, production, revenue, consumption, historical and forecast.To present the key CCTV Camera manufacturers, production, revenue, market share, and recent development.To split the breakdown data by regions, type, manufacturers and applications.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends, drivers, influence factors in global and regions.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.This report includes the estimation of market size for value (million USD) and volume (K Units).
Both top-down and bottom-up approaches have been used to estimate and validate the market size of CCTV Camera market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research.
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.Place a purchase order of this report @ http://www.orbisresearch.com/contact/purchase/2282962About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
According to Market Research Future (MRFR), the global CCTV camera market valuation is poised to reach approximately USD 31,190 MN by 2024, registering a 12.90% CAGR throughout the review period (2019-2024).
Additionally, increasing installations of CCTV camera-based surveillance mechanism systems for public security & protection influence market growth.
Increasing installations of CCTV cameras with recording facilities covering all sensitive areas by law enforcement agencies propel the market's growth.
Global CCTV Camera Market– Competitive Analysis Major Players: Players leading the global CCTV camera market include Bosch Security Systems (Germany), FLIR Systems, Inc (US), CP Plus International (India), Hangzhou Hikvision Digital Technology Co., Ltd (China), Digital Watchdog, Inc (US), Sony Corporation (Japan), Axis Communications AB (Sweden), Honeywell International, Inc. (US), Dahua Technology Co., Ltd (China), and Hanwha Techwin Co., Ltd (South Korea), and among others.Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/8160Global CCTV Camera Market– SegmentsBy Product : Dome Security Camera, Bullet Security Camera, PTZ Security Camera, Thermal Security Camera, Box Security Camera, and others.By Technology: IP Security Camera and Analog Camera.By Application: Residential, Commercial, and Industrial.
By Resolution : HD, Non-HD, Digital, and others.By Service : Professional Services and Managed Services.
By Regions : Europe, North America, Asia Pacific, and the Rest-of-the-World.Global CCTV Camera Market – Regional Analysis North America leads the global CCTV camera market.
