Fast Market Research announces the availability of Technavio's new report "Global Wireless Video Surveillance Market 2015-2019" on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/14/2015 -- Video surveillance is the process of monitoring or observing the activities, behavior, or movements of individuals or groups, for enhanced security. It is used by retail stores, government departments, hospitals, transportation and logistics companies, and law enforcement agencies. However, video surveillance requires strong network infrastructure for efficient data transmission, which incurs high TCO. These includes replacement and upgrading costs of video surveillance equipment, cost to maintain network infrastructure, and cost of hiring professional expertise. Wireless video surveillance connects wireless network access points to surveillance equipment such as cameras, storage devices, and video recorders for efficient monitoring from a remote location and negates the need of investment in network infrastructure.
Technavio's analysts forecast the global wireless video surveillance market to grow at a CAGR of 21.35% over the period 2014-2019.
Get More Details on this Report and a Full Table of Contents at Global Wireless Video Surveillance Market 2015-2019
Commenting on the report, an analyst from Technavio's team said: "The emergence of wireless IP surveillance is a critical trend observed in this market. Wireless IP surveillance is a highly affordable and easily deployable technology that combines wireless data transmission and IP video surveillance technologies to overcome various challenges such as lack of network infrastructure and lack of connectivity in remote locations."
According to the report, the rising need for security is a major driver that boosts the market. Governments worldwide have initiated several measures to counter the growing threat of violence. Violent activities have a direct impact on the economy of a country because they have the potential to damage critical infrastructures, residences, utilities, and commercial buildings.
Further, the report states that the lack of professional expertise is a challenge faced by the market. Wireless video surveillance ensures the physical security of an organization, which is critical as the loss of confidential data can be catastrophic. There are chances that organizations might not have planned and implemented a data recovery model.
The key players in the Global Wireless Video Surveillance Market are Axis Communications AB, Bosch Security Systems, Cisco Systems Inc., and Hikvision Digital Technology Co. Ltd. while other prominent vendors include Frontpoint Security, MicroPower Technologies, Motorola Solutions, NICE Systems, Pelco, Proxim Wireless, Seon, and Tyco.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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