DUBLIN--(BUSINESS WIRE)--The "World IP Video Surveillance & VSaaS Market: Opportunities and Forecasts, 2015 - 2022" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global IP video surveillance and VSaaS market is expected to reach $61.3 billion by 2022.
North America is anticipated to account for the highest share of the overall market revenue during the forecast period (2016 2022). The Asia-Pacific region is expected to witness the fastest CAGR during the forecast period and account for 25% share of the overall market revenue by 2022.
The market by type comprises hardware, software, cloud-based solutions and services. The IP surveillance hardware segment occupied a prominent share of the overall market in 2015. However, the service segment is expected to grow at the fastest CAGR of 23.6% from 2016 to 2022, owing to increasing demand of VSaaS and the increasing requirement of system maintenance and update amongst the users. The software segment is anticipated to witness a CAGR of 19.3% from 2016 to 2022, owing to the rising demand of advanced video management and video analytics solutions in various industry verticals.
Based on application areas, the IP surveillance and VSaaS market is segmented into banking & financial sector, retail, healthcare, government & higher security, manufacturing & corporate, residential, entertainment & casino, and others. The government & higher security segment is expected to adopt IP surveillance system at the fastest pace during the analysis period and is anticipated to exhibit a prominent CAGR of 18.8% from 2016 to 2022. The growth would be supplemented by increasing usage of video security solutions at government organizations, public places, and others.
Market Dynamics
Drivers
- Increased Flexibility & Scalability
- Reduction in Complexity of Cabling
- Availability of Intelligence Services
- Real Time Access to Video
- Compatibility with Existing Network
- Rising Security Concern
- Remote/Online Operation Facility
- Smart Phone Applications for Surveillance System
Restraints
- High Bandwidth Requirement
- PoE Switches are Not Supported by Wireless System
- System Vulnerable to Hackers
- Growth in Privacy Fear
- Lack in Channel Partner Assistance
Opportunities
- Growing IT Sector in Asia-Pacific
- Growing Retail Industry
Key Topics Covered
Chapter: 1 Introduction
Chapter: 2 Executive Summary
Chapter: 3 IP Video Surveillance and VSaaS Market Overview
Chapter: 4 IP Video Surveillance and VSaaS Market, by Product Type
Chapter: 5 IP Video Surveillance and VSaaS Market, by Application
Chapter: 6 IP Video Surveillance and VSaaS Market, by Geography
Chapter: 7 Company Profiles
- Arecont Vision
- Avigilon Corporation
- Axis Communication AB
- D-Link Corporation
- Genetec
- GeoVision Inc.
- March Networks
- Milestone Systems
- Mobotix AG
- Panasonic Corporation
For more information about this report visit https://www.researchandmarkets.com/research/gmt8hm/61_3_billion_ip?w=4
