Global Video Surveillance Market Size 2017 By System type (Analog based, IP Based), By Type (Hardware, Software, Services), By Vertical (Law enforcement, Military & defense, Commercial & Industrial, Educational institutes, Transportation & Logistics, Residential, BFSI, Others), By Region and Forecast 2018 to 2025
As per report published by Adroit Market Research, the Global Video Surveillance Market is growing with tremendous speed and strong CAGR of 15.4 %. Browse 85 pages report and get well organized statistical overview of video surveillance system industry. The IP-based video surveillance is projected to grow ~3x times in terms of revenues over the forecast period 2018-2025
The global Video Surveillance Market to grow from exceeding USD 32 billion in 2017 and is expected to increase with a double-digit growth rate from 2018 to 2025. The Video Surveillance Market size is anticipated to cross the USD 100 billion mark by the end of 2025. Increasing demand for security observation products on account of rising criminal and threat activities is the key factor to propel the video surveillance systems market by 2025.
Global video surveillance market revenue, 2014-2025 (USD Billion)
Global Video Surveillance Market is heavily hold
by following market leaders
Bosch Security Systems Incorporation,
Axis Communications AB
Hangzhou Hikvision Digital Technology Company Limited
Honeywell Security Group
Flir Systems Incorporation
Major factors driving the growth of the video surveillance market
Due to the increasing demand for public safety and security, growing demand for DIY, spy cameras and growing adoptions of IP cameras, video surveillance is believed to be a key factor in this market. The major advantages of IP systems include easy installation, enhanced image quality, high scalability and remote accessibility with network-based models. The rise of the IP video surveillance system market is primarily due to the shifting preference from analog to IP systems. These systems are supremely integrated with the existing IP network and they also provide a basic platform for software such as cloud storage, video analytics, and VMS. Owing to advanced technologies for easy-operation and in the storage device industry, the market for video surveillance systems is expected to grow at a fast pace in the near future.
As the crime rate and terror attacks are major factors driving the growth of the video surveillance market, safety and security is the key factor to promote use of cameras to observe and keep an eye on every action in detail. In today’s time, the prices of cameras are consequently increasing and creating a significant demand for monitors and storage solutions.
The count of robberies, terror attacks, thefts, crimes and murders have been increasing and the rising demand for video surveillance is rapidly growing in the market for better safety and security in public places. The commercial vertical is estimated to dominate the video surveillance market. Commercial areas such as hospitality centers, data centers, retail stores and malls, banking and warehouses come in a key category and major preference for video surveillance need. The increasing demand for video surveillance in areas such as enterprise and data centers, retail stores and banking sectors is supremely driving the market growth.