LONDON--(BUSINESS WIRE)--The Global Surveillance and Security Equipment Market is expected to post a CAGR of 13.58 percent from 2014-2019, according to a new report from research firm Technavio.
Loss of data and physical intrusion can be catastrophic for organizations of any size, as this can reveal sensitive information about the company, as well as staff and customers.
“The market has witnessed an increased adoption of security and monitoring solutions to prevent unauthorized intrusions to property and information,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report emphasizes the emergence of panoramic cameras that are expected to boost market growth. A huge number of threat activities up to and including terrorist attacks are taking place in areas like airports, casinos, and other retail sectors. Hence, these areas need to be monitored from all angles using panoramic cameras to get a full view of the area.
Furthermore, the adoption of cloud-based video surveillance systems is also picking up in the market, as these systems are very cost-effective.
“In a cloud model, the company only needs to pay for what they use, so they don’t have to pay for the entire licensing cost of video analytics software,” says Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Video Surveillance Market 2015-2019
- Global Surveillance Market for Hazard Protection 2015-2019
About Technavio
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
