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Physical Security Equipment And Services Market By Technology (Physical Security Equipment, Physical Security Services), By Verticals (Government, Banking And Finance, Commercial, Residential, Transportation, Utilities And Energy) - Growth, Future Prospects & Competitive Analysis, 2016 - 2024

Published: Jan 2017 | Report Code: 58339-01-17

Physical security refers to the protection of various buildings and sensitive sites against any physical attack or damage. Physical security encompasses various aspects of building protection including video surveillance of the site, access control for personnel entry, intruder detection, entrance control, and network infrastructure, among others. Thereby, physical security solution providers offer integrated security systems which cover numerous above mentioned systems to ensure optimum security solutions. Apart from systems, companies also offer numerous physical security services in a subscription based model. These services include video surveillance as a service (VSaaS), access control as a service (ACaaS), remote monitoring services, and other security system integration services, among others.

Physical security solutions have become pivotal for various institutions all across the world due to rising threats and physical attacks and damage. Organizations from various end-use industries including banking and finance, education, healthcare, commercial, government, manufacturing and industrial, retail, events, transportation, residential, utilities and energy, among others seek to deploy physical security solutions to ensure safety for the property and personnel.

One of the major factors driving the growth of the physical security equipment and services market is the rising threat of terrorism all across the globe. It has become imperative for various organizations and governments across the world to invest in latest and advanced security solutions to ensure public and private safety of physical sites and people visiting or working there. Other factors such as rise in thefts and espionage have further fuelled the growth in the global physical security equipment and services market. Some of the factors restraining the growth in this market include high initial costs, and limited storage capacities, among others. However, with increasing demand for security and rise of subscription based models, the overall physical security and equipment market is expected to witness substantial growth during the forecast period.

Physical Security Equipment And Services Market

The report titled “Global Physical Security Equipment and Services Market- Growth, Future Prospects and Competitive Analysis, 2016 – 2024” offers strategic insights into the global physical security equipment and services market along with the market size and estimates for the duration 2014 to 2024. The said research study covers in-depth analysis of multiple market segments based on technology (equipment and services), verticals and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2015 & 2024. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing analysis on the types of security systems used i.e. analog and IP-based.

In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of physical security equipment and services, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are Tyco International Ltd., ADT LLC., Hikvision Digital Technology Co., Ltd., SECOM Co., Ltd., Honeywell International, Inc., Stanley Security Solutions, Bosch Sicherheitssysteme GmbH, United Technologies Corporation (UTC), G4S Plc., Siemens AG, China Security and Surveillance Technology, Inc., S1 Corporation, Panasonic Corporation, ALSOK (Sohgo Security Services Co. Ltd.) and Zhejiang Dahua Technology Co., Ltd.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the physical security industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2014 – 2015)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global physical security equipment and services market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above mentioned factors.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Physical Security Equipment and Services Market
2.2 Global Physical Security Equipment and Services Market, By Technology
2.2.1 Global Physical Security Equipment and Services Market, By Equipment
2.2.2 Global Physical Security Equipment and Services Market, By Services
2.3 Global Physical Security Equipment and Services Market, By Verticals
2.4 Global Physical Security Equipment and Services Market, By Geography

Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Growth Inhibitors
3.2.3 Impact Analysis of Market Drivers and Restraints
3.3 Attractive Investment Proposition

Chapter 4 Market Inclination Insights: Physical Security Equipment and Services Market
4.1 Overview
4.1.1 Evolution of Physical Security Equipment and Services
4.1.2 Key Trends Analysis

Chapter 5 Global Physical Security Equipment and Services Market Analysis, By Technology
5.1 Market Analysis
5.2 Physical Security Equipment
5.2.1 Video Surveillance Equipment
5.2.2 Access Control Equipment
5.2.3 Intruder Alarm Equipment
5.2.4 Entrance Control Equipment
5.2.5 Network Infrastructure Equipment
5.2.6 Others
5.3 Physical Security Services
5.3.1 Video Surveillance as a Service (VSaaS)
5.3.2 Access Control as a Service (ACaaS)
5.3.3 Remote Monitoring Services
5.3.4 System Integration Services

Chapter 6 Global Physical Security Equipment and Services Market Analysis, By Verticals
6.1 Market Analysis
6.2 Government
6.3 Banking and Finance
6.4 Commercial
6.5 Residential
6.6 Transportation
6.7 Utilities and Energy
6.8 Others

Chapter 7 North America Physical Security Equipment and Services Market Analysis
7.1 Overview
7.2 North America Physical Security Equipment and Services Market Analysis, By Technology, 2014 – 2024
7.2.1 Comparative Analysis
7.2.2 North America Physical Security Equipment Market Analysis, 2014 – 2024
7.2.2.1 Comparative Analysis
7.2.3 North America Physical Security Services Market Analysis, 2014 – 2024
7.2.3.1 Comparative Analysis
7.3 North America Physical Security Equipment and Services Market Analysis, By Verticals, 2014 – 2024
7.3.1 Comparative Analysis
7.4 North America Physical Security Equipment and Services Market Analysis, By Region, 2014 – 2024
7.4.1 Comparative Analysis

Chapter 8 Europe Physical Security Equipment and Services Market Analysis
8.1 Overview
8.2 Europe Physical Security Equipment and Services Market Analysis, By Technology, 2014 – 2024
8.2.1 Comparative Analysis
8.2.2 Europe Physical Security Equipment Market Analysis, 2014 – 2024
8.2.2.1 Comparative Analysis
8.2.3 Europe Physical Security Services Market Analysis, 2014 – 2024
8.2.3.1 Comparative Analysis
8.3 Europe Physical Security Equipment and Services Market Analysis, By Verticals, 2014 – 2024
8.3.1 Comparative Analysis
8.4 Europe Physical Security Equipment and Services Market Analysis, By Region, 2014 – 2024
8.4.1 Comparative Analysis

Chapter 9 Asia Pacific Physical Security Equipment and Services Market Analysis
9.1 Overview
9.2 Asia Pacific Physical Security Equipment and Services Market Analysis, By Technology, 2014 – 2024
9.2.1 Comparative Analysis
9.2.2 Asia Pacific Physical Security Equipment Market Analysis, 2014 – 2024
9.2.2.1 Comparative Analysis
9.2.3 Asia Pacific Physical Security Services Market Analysis, 2014 – 2024
9.2.3.1 Comparative Analysis
9.3 Asia Pacific Physical Security Equipment and Services Market Analysis, By Verticals, 2014 – 2024
9.3.1 Comparative Analysis
9.4 Asia Pacific Physical Security Equipment and Services Market Analysis, By Region, 2014 – 2024
9.4.1 Comparative Analysis

Chapter 10 Middle East & Africa (MEA) Physical Security Equipment and Services Market Analysis
10.1 Overview
10.2 MEA Physical Security Equipment and Services Market Analysis, By Technology, 2014 – 2024
10.2.1 Comparative Analysis
10.2.2 MEA Physical Security Equipment Market Analysis, 2014 – 2024
10.2.2.1 Comparative Analysis
10.2.3 MEA Physical Security Services Market Analysis, 2014 – 2024
10.2.3.1 Comparative Analysis
10.3 MEA Physical Security Equipment and Services Market Analysis, By Verticals, 2014 – 2024
10.3.1 Comparative Analysis
10.4 MEA Physical Security Equipment and Services Market Analysis, By Region, 2014 – 2024
10.4.1 Comparative Analysis

Chapter 11 Latin America Physical Security Equipment and Services Market Analysis
11.1 Overview
11.2 Latin America Physical Security Equipment and Services Market Analysis, By Technology, 2014 – 2024
11.2.1 Comparative Analysis
11.2.2 Latin America Physical Security Equipment Market Analysis, 2014 – 2024
11.2.2.1 Comparative Analysis
11.2.3 Latin America Physical Security Services Market Analysis, 2014 – 2024
11.2.3.1 Comparative Analysis
11.3 Latin America Physical Security Equipment and Services Market Analysis, By Verticals, 2014 – 2024
11.3.1 Comparative Analysis
11.4 Latin America Physical Security Equipment and Services Market Analysis, By Region, 2014 – 2024
11.4.1 Comparative Analysis

Chapter 12 Competitive Landscape
12.1 Competitive Analysis
12.1.1 Market Positioning of Key Vendors
12.1.2 Key Strategies Adopted by the Leading Players

Chapter 13 Company Profiles
13.1 Tyco International Ltd.
13.1.1 Tyco International Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.2 ADT LLC.
13.2.1 ADT LLC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.3 Hikvision Digital Technology Co., Ltd.
13.3.1 Hikvision Digital Technology Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.4 SECOM Co., Ltd.
13.4.1 SECOM Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.5 Honeywell International, Inc.
13.5.1 Honeywell International, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.6 Stanley Security Solutions
13.6.1 Stanley Security Solutions: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.7 Bosch Sicherheitssysteme GmbH
13.7.1 Bosch Sicherheitssysteme GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.8 United Technologies Corporation (UTC)
13.8.1 United Technologies Corporation (UTC): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.9 G4S Plc.
13.9.1 G4S Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.10 Siemens AG
13.10.1 Siemens AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.11 China Security and Surveillance Technology, Inc.
13.11.1 China Security and Surveillance Technology, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.12 S1 Corporation
13.12.1 S1 Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.13 Panasonic Corporation
13.13.1 Panasonic Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.14 ALSOK (Sohgo Security Services Co. Ltd.)
13.14.1 ALSOK (Sohgo Security Services Co. Ltd.): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
13.15 Zhejiang Dahua Technology Co., Ltd.
13.15.1 Zhejiang Dahua Technology Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)

List Of Table :

TABLE 1 Market Snapshot: Global Physical Security Equipment and Services Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Physical Security Equipment and Services Market Revenue, By Technology, 2014 – 2024 (US$ Mn)
TABLE 5 North America Physical Security Equipment Market Revenue, 2014 – 2024 (US$ Mn)
TABLE 6 North America Physical Security Services Market Revenue, 2014 – 2024 (US$ Mn)
TABLE 7 North America Physical Security Equipment and Services Market Revenue, By Verticals, 2014 – 2024 (US$ Mn)
TABLE 8 North America Physical Security Equipment and Services Market Revenue, By Region, 2014 – 2024 (US$ Mn)
TABLE 9 Europe Physical Security Equipment and Services Market Revenue, By Technology, 2014 – 2024 (US$ Mn)
TABLE 10 Europe Physical Security Equipment Market Revenue, 2014 – 2024 (US$ Mn)
TABLE 11 Europe Physical Security Services Market Revenue, 2014 – 2024 (US$ Mn)
TABLE 12 Europe Physical Security Equipment and Services Market Revenue, By Verticals, 2014 – 2024 (US$ Mn)
TABLE 13 Europe Physical Security Equipment and Services Market Revenue, By Region, 2014 – 2024 (US$ Mn)
TABLE 14 Asia Pacific Physical Security Equipment and Services Market Revenue, By Technology, 2014 – 2024 (US$ Mn)
TABLE 15 Asia Pacific Physical Security Equipment Market Revenue, 2014 – 2024 (US$ Mn)
TABLE 16 Asia Pacific Physical Security Services Market Revenue, 2014 – 2024 (US$ Mn)
TABLE 17 Asia Pacific Physical Security Equipment and Services Market Revenue, By Verticals, 2014 – 2024 (US$ Mn)
TABLE 18 Asia Pacific Physical Security Equipment and Services Market Revenue, By Region, 2014 – 2024 (US$ Mn)
TABLE 19 MEA Physical Security Equipment and Services Market Revenue, By Technology, 2014 – 2024 (US$ Mn)
TABLE 20 MEA Physical Security Equipment Market Revenue, 2014 – 2024 (US$ Mn)
TABLE 21 MEA Physical Security Services Market Revenue, 2014 – 2024 (US$ Mn)
TABLE 22 MEA Physical Security Equipment and Services Market Revenue, By Verticals, 2014 – 2024 (US$ Mn)
TABLE 23 MEA Physical Security Equipment and Services Market Revenue, By Region, 2014 – 2024 (US$ Mn)
TABLE 24 Latin America Physical Security Equipment and Services Market Revenue, By Technology, 2014 – 2024 (US$ Mn)
TABLE 25 Latin America Physical Security Equipment Market Revenue, 2014 – 2024 (US$ Mn)
TABLE 26 Latin America Physical Security Services Market Revenue, 2014 – 2024 (US$ Mn)
TABLE 27 Latin America Physical Security Equipment and Services Market Revenue, By Verticals, 2014 – 2024 (US$ Mn)
TABLE 28 Latin America Physical Security Equipment and Services Market Revenue, By Region, 2014 – 2024 (US$ Mn)
TABLE 29 Tyco International Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 30 ADT LLC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 31 Hikvision Digital Technology Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 32 SECOM Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 33 Honeywell International, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 34 Stanley Security Solutions: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 35 Bosch Sicherheitssysteme GmbH: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 36 United Technologies Corporation (UTC): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 37 G4S Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 38 Siemens AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 39 China Security and Surveillance Technology, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 40 S1 Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 41 Panasonic Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 42 ALSOK (Sohgo Security Services Co. Ltd.): Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)
TABLE 43 Zhejiang Dahua Technology Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Applications Served, SCOT Analysis, Recent Developments)

List Of Figure :

FIG. 1 Global Physical Security Equipment and Services Market: Segmentation
FIG. 2 Global Physical Security Equipment and Services Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Physical Security Equipment and Services Market, By Technology, 2015 (US$ Mn)
FIG. 5 Global Physical Security Equipment and Services Market, By Equipment, 2015 (US$ Mn)
FIG. 6 Global Physical Security Equipment and Services Market, By Services, 2015 (US$ Mn)
FIG. 7 Global Physical Security Equipment and Services Market, By Verticals, 2015 (US$ Mn)
FIG. 8 Global Physical Security Equipment and Services Market, By Geography, 2015 (US$ Mn)
FIG. 9 Global Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 10 Attractive Investment Proposition: Physical Security Equipment and Services Market
FIG. 11 Global Physical Security Equipment and Services Market Revenue Contribution, By Technology, 2015 & 2024 (Value %)
FIG. 12 Global Physical Security Equipment Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 13 Global Video Surveillance Equipment Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 14 Global Access Control Equipment Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 15 Global Intruder Alarm Equipment Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 16 Global Entrance Control Equipment Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 17 Global Network Infrastructure Equipment Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 18 Global Other Physical Security Equipment Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 19 Global Physical Security Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 20 Global Video Surveillance as a Service (VSaaS) Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 21 Global Access Control as a Service (ACaaS) Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 22 Global Remote Monitoring Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 23 Global System Integration Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 24 Global Physical Security Equipment and Services Market Revenue Contribution, By Verticals, 2015 & 2024 (Value %)
FIG. 25 Global Government Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 26 Global Banking and Finance Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 27 Global Commercial Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 28 Global Residential Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 29 Global Transportation Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 30 Global Utilities and Energy Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 31 Global Others Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 32 North America Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 33 Europe Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 34 Asia Pacific Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 35 MEA Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 36 Latin America Physical Security Equipment and Services Market Revenue, 2014 – 2024, (US$ Mn)
FIG. 37 Market Positioning of Key Physical Security Equipment and Services Solution Vendors, 2015

The global physical security equipment and services market is segmented, based on end-use verticals, into following categories

  • Government
  • Banking and Finance
  • Commercial
  • Residential
  • Transportation
  • Utilities and Energy
  • Others (Education, Healthcare, Retail, Manufacturing and Industrial)

Physical Security Equipment And Services Market

In 2015, the commercial end-use segment was the largest contributor in the global physical security equipment and services market, in terms of revenue. The commercial end-use vertical includes various business buildings and establishments such as office complexes, shopping complexes, hotels and restaurants, among others. With growing need to secure business areas and to provide safe environment to the employees and customers, this segment is expected to maintain its dominance throughout the forecast period.

The residential and transportation end-use segments are expected to witness relatively faster growth rates as compared to other verticals during the forecast period. Rising technological awareness among the general population and increasing demand for safe public transport in numerous countries across the world has led to the growing demand for physical security equipment and services in the transportation segment.

The global physical security equipment and services market has been segmented, on the basis of geographical regions, as per following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • CIS
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • South Asia
    • Australasia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC countries
    • North Africa
    • Southern Africa
    • Rest of MEA
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Physical Security Equipment And Services Market

In 2015, North America dominated the overall physical security equipment and services market across the world. The segment contributed to more than one third of the total revenue generated globally in 2015. With increasing investments towards physical security and surveillance, the North America physical security equipment and services market is expected to grow at a significant rate during the forecast period.

Asia Pacific and Europe followed North America, in terms of revenue, in the global physical security equipment and services market. The Asia Pacific region led the overall global market for the physical security equipment segment especially for video surveillance equipment. In addition, increasing demand for IP-based VSaaS in China is expected to further fuel the demand in the video surveillance segment in the Asia Pacific region.

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