DUBLIN--(BUSINESS WIRE)--The "Video Surveillance Market by System (Analog, & IP), Offering (Hardware, Software, & Service), Vertical (Commercial, Infrastructure, Military & Defense, Residential, Public Facility, & Industrial), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The video surveillance market is expected to grow from USD 36.89 billion in 2018 to USD 68.34 billion by 2023, at a CAGR of 13.1% between 2018 and 2023
The increasing concerns for public safety and security, growing adoption of IP cameras, and growing demand for DIY and spy cameras are the key factors contributing to the growth of the video surveillance market. The violation of privacy remains to be a major restraint affecting the growth of the video surveillance market.
The video surveillance market for IP video surveillance systems is expected to grow at a higher CAGR during the forecast period. The market for IP video surveillance systems is expected to grow at a rapid pace in the near future owing to technological advancements in IP cameras as well as in the storage device industry. In addition, declining prices of IP cameras and IP surveillance systems have contributed to the increasing applicability of these systems in the commercial vertical that include enterprises and data centers, retail stores and malls, and banks and financial buildings.
VSaaS, or Video Surveillance-as-a-Service, refers to hosted cloud-based video surveillance. The service typically includes video recording, storage, remote viewing, management alerts, and cybersecurity. It is a combination of recording and watching images on monitors or mobile phones through data centers. VSaaS reduces the maintenance and hardware cost, offers remote access to the data at any time, and provides flexibility in adding and managing cameras, which makes it as a prevalent choice among users. Availability of high-speed internet is also helping the market for VSaaS to grow further as high internet speed is one of the basic requirements from the service providers as well as from the customer end.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Video Surveillance Market, By System
7 Video Surveillance Market, By Offering
8 Video Surveillance Market, By Vertical
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Axis Communications
- Bosch Security Systems
- Hanwha Techwin
- Honeywell Security Group
- CP Plus
- Nice Systems
- Panasonic System Networks
- Tiandy Technologies
- Eagle Eye Networks
For more information about this report visit https://www.researchandmarkets.com/research/94ddjh/video?w=4