DUBLIN--(BUSINESS WIRE)--The "Video Surveillance Market to 2025 - Global Analysis and Forecasts by Platforms (Hardware and Software); Industries (Commercial, Residential, Infrastructure, Industrial and Institutional); Service (Hosted, Managed and Hybrid)" report has been added to ResearchAndMarkets.com's offering.
The video surveillance market is estimated to account for US$ 43.8 Bn by the end of 2025, escalating at a CAGR of 11.8% during the forecast period from 2018 to 2025, from US$ 18.3 Bn in 2017.
In 2017, North America led the market for video surveillance, capturing almost 35.9% of the entire video surveillance market. The major factor boosting the market for video surveillance in North America is the significant investments from the Governments, defense authorities and private organizations from the United States, Canada and Mexico.
Key Market Drivers
- Increasing Security Concerns Leading to Surge in Adoption of IP Cameras
- Rise in Incorporation of Artificial Intelligence in Video Surveillance Systems
Key Market Restraints
- Threat to Data Security
- Lack of Standardization in Third World Countries
Key Market Opportunities
- Rising Demand for High Bandwidth to Transfer Data
- Technological Advancement in Hybrid Video Surveillance Service
Majorly, the investments form US is fueling the market for video surveillance in North America. Moreover, the stringent rules and regulations set by the Governments of the US, Canada and Mexico in installation of advanced technology video security cameras is helping the North America region to dominate over the period from 2018 to 2025.
The fastest growing region in global video surveillance market is anticipated to be Asia Pacific, owing to rising security concerns due to increase in crime rates, civil unrest activities and terrorist misconducts. These factors have urged the Governments and private organizations in Asia Pacific region to procure large numbers of video surveillance cameras and solutions to enhance security issues in the region.
- Honeywell International Inc.
- Panasonic Corporation
- Sony Corporation
- Pelco (Schneider Electric)
- Samsung Electronics Co., Ltd.
- Robert Bosch GmbH
- IndigoVision Group Plc
- FLIR Systems Inc.
- Axis Communications AB
- Dahua Technologies
For more information about this report visit https://www.researchandmarkets.com/research/t3b2tg/global_video?w=4