Research Nester published a report titled “Video Surveillance Security Cameras Market”: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global video surveillance security cameras in terms of market segmentation by type, application, components, technology, storage, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global video surveillance security cameras market is anticipated to grow with a CAGR of ~12% over the forecast period, i.e., 2022 - 2031. The market is segmented by application into institutional, residential, commercial, industrial, border security, and city infrastructure. Amongst these, the commercial segment is anticipated to grow at the highest rate during the forecast period on the back of the high security concern in numerous commercial places, which contributed to the enormous growth of this segment.
The global video surveillance security cameras market is estimated to significantly grow owing to the rising adoption of big data and IoT, as the Internet of Things (IoT) enables the rapid completion of several tasks by facilitating simple access to a variety of information. Furthermore, increasing urbanization, and rising awareness for security are also other major growth factors of global video surveillance security cameras market.
Regionally, the global video surveillance security cameras market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific region is estimated to witness significant growth over the forecast period owing to the flourishing number of small and medium-sized enterprises, business chain stores, and rapidly growing population in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Rate of Crime Incidents to Drive the Growth of the Market
The rate of violent crime in the United States has risen to approximately 48.30 per 100,000 inhabitants by 2022.
In current scenario, safety and security is a major concern to everyone, whether its local places, commercial places, hospitals, schools and so on. To cope up with such incidents and to prevent the high risk of crime, video surveillance security cameras are very much helpful. These surveillance cameras safeguard us from robbery, theft, and other life or money threatening incidents and help to control the crime rate in a huge extent. Hence, it is projected to surge the growth of the global video surveillance security cameras market.
However, high cost of surveillance cameras, high concern for privacy, and insufficiency of skilled workers to supervise security cameras are expected to operate as key restraints to the growth of global video surveillance security cameras market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global video surveillance security cameras market which includes company profiling of Axis Communications AB, Canon Inc., NICE Ltd., Panasonic Holdings Corporation, VIVOTEK Inc., Teledyne FLIR LLC, Honeywell International Inc., The Infinova Group, Cisco Systems, Inc., NEC Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global video surveillance security cameras market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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When it comes to the overall protection and security of your home or business, video surveillance and security cameras have become a must as of today.
Here are the top benefits of video surveillance and compelling ideas why, if your property, residential or commercial, has not hired a security camera monitoring service, you need to analyze it.
The attempt to deliver such solutions with the growing application across many verticals is considered as one of the major drivers for the video surveillance industry.
These video surveillance systems provide various benefits, such as asset and theft protection, remote monitoring services, gathering evidence to help legal authorities to arrive at the right decisions, increased workplace productivity, and traffic management via automatic license plate recognition.
Some private sectors, including banking and finance, hospitals, research labs, sports facilities, corporate headquarters, and auditoriums also require cutting-edge video surveillance technology with improved security features whereas commercial and residential sectors may require cost-effective and efficient cameras solutions, such as zoom-specific cameras and low-light cameras.Video analytics has the ability to reduce the huge amount of data available in the video, thus making it more controllable.
The benefits of video analytics include reduced load on network and storage demand, easy and fast retrieval of stored video, and productive use of manpower, among others.
These features, along with the numerous technological advancements, such as facial recognition and automatic license plate recognition, make the video surveillance cameras appropriate for application in different verticals, especially in the current scenario.
Since analog cameras work with digital video recorder (DVR) storage technology, they cannot highlight any event.
Commercial Security System Installation Melbourne is one of the services that CW Electrical & Automation specialises in.
A commercial security system comprises a wide variety of configurations performing specific functions that help protect a given area (such as your office, or workplace).
A commercial security system aims to provide security to your workspace in every aspect.
It consists of heat and fire alarms, as well as video surveillance through CCTV cameras to keep a check on what is going on inside, and outside of your office or workspace.Commercial Security System Installation Melbourne
According to the new market research report "Video Surveillance as a Service Market by Type (Hosted, Managed, Hybrid), Vertical (Commercial, Infrastructure, Military & Defense, Residential, Institutional, Industrial), and Geography - Global Forecast to 2022", The Video Surveillance as a Service Market (VSaaS) market is expected to be valued at USD 5.93 Billion by 2022, at a CAGR of 22.0% between 2017 and 2022The factors driving the growth of the market include increasing demand for real-time and remote access for video surveillance data, low initial investment required to avail VSaaS services, and flexible scalability offered by VSaaS.
Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=773 Hybrid VSaaS market expected to witness the highest growth rate during the forecast period Hybrid VSaaS offers enhanced security for surveillance data by storing at customers’ end as well as in the cloud at the service provider’s end.
Apart from data security, hybrid VsaaS offers real-time data access, remote surveillance, flexible scalability in data storage, ease of adding new cameras, and so on, which helps hybrid VSaaS to become more common among end users such as banks and financial institutes, retail stores, enterprises, among others, who demand more data security.
Moreover, presence of several system providers and availability of low cost systems, and increasing adoption of consumer devices such as mobiles, tablets, and laptops are some of the important parameters which spur the growth of the VSaaS market in APAC.Major players in the Video Surveillance as a Service market include Axis Communications AB (Sweden), Honeywell International Inc. (US), Genetec Inc. (Canada), Brivo (US), Cameramanager (Netherlands), ADT Security Services (US), Cloudastructure Inc. (US), Duranc (US), Ivideon (US), NeoVSP (Israel), Nest Labs, Inc. (US), Pacific Controls (UAE), and Smartvue Corporation (US).
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