Pune, India -- (SBWIRE) -- 11/15/2017 -- Global CCTV Market – Overview:
Global CCTV Market is in its happier days and experiencing substantial growth across the globe for the past few years owing to the rising concerns of security and safety. This eventually, has resulted into an increased demand for technically advanced surveillance system and creating a huge growth opportunities for CCTV market players.
The Segment – 'Analog CCTV camera' dominated the global CCTV Market in the past owing to emerging network IP as the leading technology. The threat of terrorism and an increase in crime rate have also fueled the evolution of video analytics.
CCTV systems are being widely utilized in the transportation sector to manage traffic flow and enhance highways safety, and they continue to play a significant role in retail sector for valuable management information. On observing the latest trends in the global CCTV market, it's found that cloud-based video surveillance is the next generation of video surveillance.
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Market Research Future, with their unique quality of simplifying the Market Reports, presents another explicit study Report - "Global CCTV Market."
Global CCTV Market report takes you through the full Market Analysis, Opportunities, Price, Growth, Trends and Featuring the market Predictions right up to the years 2020 and helps you to find out:
- How the market revenue is progressing globally.
- What are the key driving or affecting factors for the market growth?
- How the market revenue is progressing in various segments & geographies.
- Who are the emerging Players, current players & the Key Players (Leaders) of the market? Get yourself acquainted with their trends.
- What are the current main market trends responsible for shaping up the Market Acquisitions
The global CCTV market is likely to be valued around $19 billion in 2015. This market is expected to grow at a CAGR of approximately 20%. There is a precipitous rise in the demand of CCTVs across the globe due to growing focus of governments towards public safety and city surveillance. Furthermore, the CCTV Market is shifting from unorganized sector to organized which is another factor fueling the growth of the market. Citing the demand and potential of CCTV market, various venturing capitalist firms are also investing in this market and aiding companies to develop new and advanced products. This is another major reason for the high growth of this market. However, low awareness of people in the developing countries regarding advanced CCTV products can hinder the market growth up to some extent.
The prominent players in this market include Hikvision Digital Technology, Honeywell Security, Bosch Security System, Safran Security, Dahua Technology, AssaAbloy, Tyco Security Products, Flir Systems, Samsung, and Axis Communications amongst others.
The CCTV market is segmented on the basis of types of CCTVs. Analogue, HD analogue, and internet protocol cameras are the major types of CCTVs. The IP cameras market is further sub divided into wired IP cameras, and wireless IP cameras. The IP camera market is poised to witness the highest CAGR in the CCTV market by type due to technological advancements.
On the basis of technology, the CCTV market is divided into CMOS and CCD technology. The demand for CMOS technology is poised to increase in coming years due to its user friendliness. The CCTV market is again subdivided on the basis end users into educational centers, hospitals, hotels, real estates, religious places, government, retail, IT sector, and transport sector. Amongst all the above mentioned end users, government is the largest end user for CCTVs. The large share is attributed to wide usage of CCTVs in government offices and roads.
The market is further divided according to the channel structure into distribution channel and retail channel. The distribution channel accounted for the largest share in the global CCTV market. However, the retail market will witness a high growth.
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Based on region, North America is the largest market for CCTV followed by Europe and Asia. The Asian market especially India and China are focus for the growth the global CCTV market. Improving infrastructure, government initiatives, and high economic growth in this region has triggered the growth of this market.
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