Global Video Surveillance Market size was valued at US$ 39 Bn. in 2020 and is expected to grow at a CAGR of 10.1% through 2021 to 2027. Asia Pacific region leads the Global Video Surveillance Market by 2027.
Global Video Surveillance Market Overview:
The increasing number of technical advances and total digital transformation in several sectors throughout the globe are driving the growth of the Global Video Surveillance Market. One of the significant factors driving big giants to invest heavily in digital transformation to change their business models in order to gain value-producing opportunities and stay ahead of their competitors while also improving the consistency and quality of their services is the growth of economies through digitalization.
The growing number of internet-connected devices throughout the world is helping to the growth of the Global Video Surveillance Market, which includes artificial intelligence, augmented reality, and virtual reality, as well as the internet of things.
The global video surveillance market was estimated at US $39 billion in 2020, and it is predicted to grow at a CAGR of 10.1 percent to US $76.48 billion by 2027. Video surveillance systems use cameras to monitor people, facilities, or areas from a distance. Protecting people, businesses, and possessions with video surveillance is a very effective and cost-effective method.
Though market forecasting through 2027 is based on genuine output, demand, and supply in 2020, 2020 statistics are also projected based on real numbers published by key participants as well as all major players worldwide. Market projection for the years 2016 to 2027 is based on historical data from 2016 to 2019, as well as the impact of global lockdown on the market.
Market Scope:
Throughout the forecast period, the Global Video Surveillance Market is expected to benefit from the development of the industry. Companies must, however, keep up with fast changing technologies in order to gain a major competitive advantage over their market competitors. It is critical for them to train their specialists on a regular basis in order to achieve this. It will not only assist marketers in staying ahead of the competition, but it will also assist them in discovering new applications.
Multi-dimensional analytical tools such as SWOT and PESTEL analysis have been utilized in the worldwide Video Surveillance Market research to provide a deeper understanding of internal and external marketing aspects. Market segmentation, CAGR (Compound Annual Growth Rate), BPS analysis, Y-o-Y growth (percent), Porter's five force model, absolute US $ potential, and expected market cost structure are also included in the report.
Request for free sample: https://www.maximizemarketresearch.com/request-sample/14984
Get more Report Details
Segmentation:
The market is divided into three categories: hardware, software, and services. By 2027, the hardware category is estimated to have the greatest market share of %. Because hardware accounts for more than 60% of the total cost of a video surveillance system, the hardware segment has a sizable market. As a result of growing security concerns across several industries, the number of cameras placed internationally is increasing. As the market transitions to IP cameras, a number of hardware-based advances that increase low-light performance, object tracking, and security have emerged. Technological advancements have resulted in highly specialised surveillance cameras that can be designed to scan items such as dangerous equipment at close range.
Key Players:
• Avigilon Corporation
• Axis Communications AB
• Bosch Security Systems Incorporation
• Flir Systems Incorporation
• Hangzhou Hikvision Digital Technology Company Limited
• Samsung Techwin Company Limited
•Zhejiang Dahua Technology Company Limited
• Dahua Technology Co., Ltd.
• Mobotix AG
• Geovision, Inc.
• Genetec, Inc.
• Honeywell Security Group
• Infinova Corporation
• Nice Systems
• Panasonic System Networks Co., Ltd.
• Pelco By Schneider Electric
• Hanwha Techwin
• BCD Video
• CP Plus
• Tiandy
• Uniview
• Vivotek
• Zicom
This study analyses the demand-supply scenario, pricing structure, profit margins, production, and value chain analysis as well as other significant variables driving the growth of the Video Surveillance Market. A geographical analysis of the Video Surveillance Market reveals a slew of previously unexplored prospects in both regional and domestic markets. Users can analyse business shares, emerging product lines, the scope in new markets, pricing plans, innovation possibilities, and much more with detailed company profiling.
Regional Analysis:
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Video Surveillance Market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
COVID-19 Impact Analysis on Global Video Surveillance Market:
In the first half of 2020, the COVID-19 pandemic began to spread over the globe, infecting millions of individuals and causing major countries around the world to enforce foot prohibitions and work stoppage orders. The majority of enterprises have been significantly impacted, with the exception of medical supplies and life support items, and the Video Surveillance industry have also been seriously disrupted. During the previous few years, the Video Surveillance Market has risen by Million USD, and the global market for Video Surveillance Market is excepted to reach Million USD in 2020 and 2021.
Report Provides -
- In addition, the Global Video Surveillance Market segmentation study includes information such as type segment, industry segment, channel segment, and so on. It also provides market size, both volume and value, for each segment. Also included is client information from many industries, which is crucial for producers.
- Organization profiles of the top competitors, as well as their strategic actions and market shares are included in the Video Surveillance Market Report.
- Assuring and examining the macroeconomic and microeconomic elements that influence the global market, as determined by the regional analysis.
- A market overview for the global Video Surveillance Market, as well as the identification of key aspects such as growth drivers, constraints, challenges, and possible market opportunities.
- Assurance of numerous aspects responsible for changing the market landscape, increasing future opportunities, and ensuring driving players with the ability to impact the market on a territorial scale.
If You Have Any Questions About This Report? Please Contact Us On the link mentioned below: https://www.maximizemarketresearch.com/market-report/global-video-surveillance-market/14984/
About Us:
Maximize Market Research provides B2B and B2C research on 12000 high growth emerging opportunities technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics Communications, Internet of Things, Food and Beverages, Aerospace and Defence and other manufacturing sectors.
Contact Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT Park Phase 2,
Pune Bangalore Highway,
Narhe, Pune, Maharashtra 411041, India.
Email: sales@maximizemarketresearch.com
Phone No.: +91 20 6630 3320
Website: www.maximizemarketresearch.com
