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15 February 2019, the global Video Surveillance Market is anticipated to tread along a healthy growth trajectory between 2017 and 2025, the forecast period.
Video surveillance finds increased application in banking and financial services, transportation and retail industries, and the manufacturing sector.
For instance, in November 2018, M1, a Singapore-based firm, launched a cloud-based video surveillance service to help businesses and SMEs.
This simple, flexible, and secure end-to-end fully integrated solution aids in self-monitoring and safeguarding business assets and track various activities.Surging adoption of IP cameras has been one of the primary growth stimulants for the market.
Rising cases of crime and terror attacks are encouraging the implementation of video surveillance systems at public places.
On the other hand, lack of unified standardization and need for high initial investments are projected to impede market growth.IP and analog are the two primary types of video surveillance systems.
