Video Surveillance Equipment And Services Market By Component (Hardware, Software, Services), By End-Use (Banking And Finance, Commercial, Government, Residential, Hospitality, Sports And Events, Transportation, Retail) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2024

Video surveillance refers to the monitoring and recording of physical activities occurring within the premises and around the perimeter of critical sites with the use of cameras. Video surveillance systems are comprised of numerous components including cameras, recorders, encoders, video management software, video analytics and other accessories used for camera mounting and control. In addition, the video surveillance system also includes a network for video monitoring and distribution. Depending on the application, end-users can choose to deploy closed loop network to ensure enhanced security or an IP-based network to achieve higher accessibility and scalability. Likewise, end-users can make use of various types of cameras such as analog, digital, fixed, pan/tilt/zoom (PTZ), panoramic, thermal and high definition (HD), among others. Such deployment of video surveillance systems at the end-users sites provides users with higher level of customization and control over monitoring capabilities. However, initial investments towards various equipment, infrastructure and software make it difficult for some of the end-users to adopt and deploy video surveillance systems. With increasing demand for affordable video surveillance capabilities, the market has witnessed a rise in the providers of video surveillance as a service (VSaaS). VSaaS has offered a viable solution for end-users to deploy latest video surveillance systems at an affordable timely fee. Thereby, video surveillance systems have gained immense adoption across the world in the recent years.

Some of the key driving factors in the video surveillance equipment and services market include increasing need to provide enhanced public security and safety. With increasing instances of crime and terror attacks, it has become imperative for various government bodies and business owners to deploy video surveillance systems to effectively monitor and record activities within and around the premises. In addition, technological advancements in camera and network technology has made it feasible for video surveillance providers to design and offer effective solutions to cater to the varying requirements of various end-use industries. Other factors such as declining equipment costs and rise of innovative applications using video analytics are further expected to fuel the growth of the video surveillance equipment and services market in the following years. However, lack of technological awareness and effective government regulations have been hampering the market growth in some of the developing economies.

Video Surveillance Equipment And Services Market

The report titled “Global Video Surveillance Equipment and Services Market- Growth, Future Prospects and Competitive Analysis, 2016 – 2024” offers strategic insights into the global video surveillance 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 component, end-use industry 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 key market trends including switch from analog to digital systems, high-definition cameras, and integrated security applications based on video surveillance in various end-use industries.

The global video surveillance equipment and services market is segmented, based on component, into following categories

  • Hardware
  • Software
  • Services

Video Surveillance Equipment And Services Market

In 2015, the services segment held the largest share in the overall video surveillance market across the world. Increasing adoption of video surveillance systems and demand for latest camera and network components have led to the higher demand for various implementation and maintenance services. Furthermore, rising adoption of video surveillance as a service (VSaaS) across the world is further expected to fuel the growth in the services segment of the overall video surveillance market across the world.

Declining equipment costs are expected to result in lower revenues generated in the hardware segment of the overall video surveillance market. Moreover, with increasing adoption of VSaaS, the unit sales of various components of video surveillance such as cameras, servers, recorders, encoders and storage devices, among others are expected to lower during the forecast period. Thereby, the hardware segment would witness a decrease in share in terms of revenue. Innovative applications using video analytics and increasing use of facial recognition and behavior analysis are expected to increase the share of software component in the overall video surveillance market during the forecast period.

The global video surveillance 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

Video Surveillance Equipment And Services Market

In 2015, Asia Pacific led the overall video surveillance market across the world. The segment contributed to almost half of the total revenue generated globally in 2015. High rate of adoption of video surveillance systems in countries such as China, Japan, and South Korea has primarily contributed to the large market share of the Asia Pacific region in terms of revenue. In addition, presence of strong local providers of video surveillance equipment and services such as Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Canon, Inc., JVC KENWOOD Corporation, Panasonic Corporation, SAMSUNG TECHWIN Co., Ltd., and Sony Corporation, among others has led to the higher adoption of video surveillance in the region.

North America and Europe followed the Asia Pacific region in the global video surveillance equipment and services market in terms of revenue. With rising security threats and increasing vulnerability of various sites all across the region, the Europe video surveillance market is expected to witness considerable growth during the forecast period. Factors such as cross border migration and increasing instances of terror attacks are expected to further fuel the need to provide better public safety and security in most of the countries in the European region. With continued demand from the hotels and leisure industry in some of the tourist countries in the Middle East, the MEA video surveillance equipment and services market is expected to witness sustained growth during the forecast period.

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Published Date:  Feb 2017
Category:  Technology & Media
Report ID:   58351
Report Format:   PDF
Pages:   120
Rating:    4.3 (55)
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