Market Research Store : Published latest report on "Global Video Surveillance Market Outlook (2015-2022)" into their database.
Deerfield Beach, FL -- (SBWIRE) -- 02/09/2016 -- Video Surveillance Market Outlook - Global Trends, Forecast, and Opportunity Assessment (2014-2022)
The Global Video Surveillance market is accounted for $16.5 billion in 2014 and is expected to reach $63.2 billion by 2022 growing at a CAGR of 18.2%. The increasing crime rates, smart phone applications, compatibility with existing network, rising security concerns in all regions, and advanced high power embedded processor for real-time monitoring are fueling the market growth of video surveillance. However, growing privacy fear, demand for higher bandwidth, and system vulnerable to hackers are hindering the market growth.
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IP-based video surveillance is expected to grow at a CAGR of around 25% during the forecast period due to increasing demand for surveillance cameras. Hardware dominated the video surveillance market with more than 85% of share among the global market. Cameras held the major share in hardware video surveillance market. Functional competences, standard based open architecture, and reduced cost of ownership are the factors fueling the hardware market growth.
North America is the leading video surveillance market, accounting for more than 32% of the share. U.S. commanded the largest share among the North American region. Asia Pacific is expected to witness significant growth rate due to growing demand for smart imaging of everything and rapid growth in GDP.
The key players of the market include, Honeywell Security Group, Bosch Security Systems, Inc., Panasonic System Networks Co., Ltd., Axis Communications AB, Avigilon Corporation, Dahua Technology Co., Ltd., Flir Systems, Inc., Mobotix AG, and Hangzhou Hikvision Digital Technology Co., Ltd.
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Types of Video Surveillance Covered :
- IP Video Surveillance
- Analog Video Surveillance
o Camera Market, By Resolution
o Video Surveillance Storage Market, By Type
o Storage Media
o Integrated Services IP Surveillance
o Video Surveillance as a Service (VSAAS)
o Hybrid VSaaS
o Managed VSaaS
o Hosted VSaaS
- Cloud based solutions
o Cloud Storage by Product Software
o Cloud Storage by Deployment
o Video Analytics
o Video Analytics Software (VAS) Applications
o Video Management System (VMS)
o Banks and Financial Buildings
o Business office
o Amusement Parks
o Public Recreation Areas
o Highways, Streets, and Bridges
o Stadiums, Parks, and Playgrounds
- North America
- Asia Pacific
o New Zealand
o Rest of Asia
- Rest of the World
o Latin America
o Middle East