The global CCTV market is expected to grow at a CAGR of more than 12.2% during 2015-2020, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 12/01/2014 -- Video analytics is a new and growing market in the security industry. Video analytics helps in monitoring specific security zones with sophisticated software without the need of continuous monitoring by the operator, thus making threat detection simple and effective. The use of video analytics in video surveillance is providing immense opportunities for the players in the field. Various sectors such as retail, transportation etc. are now focusing on video analytics as it helps to produce useful data and customer insights. With these developments, the global CCTV market is expected to grow at a CAGR of 12% during 2015-2020, says RNCOS in its latest research report.
As per our research, Global CCTV Market is witnessing a healthy growth with the increasing number of crime and potential terrorism across the globe. Growing usage of CCTV in various sectors, such as hospitality, education, retail, etc. has created huge growth opportunities for CCTV manufacturers, distributors and operators.
The report "CCTV Market Outlook 2020" provides an in-depth research and rational analysis of the current status and future growth prospects of the global CCTV market. The research includes study of CCTV market by technology, components, services and regions. Besides that, the report provides a geographical picture of the CCTV market in five regions viz. North America, Europe, Asia, Latin America and Middle East. Additionally, through country level analysis, the report depicts the CCTV market in major countries like US, Canada, UK, China, India etc., which includes study of market size, player's level analysis, government initiatives and recent developments.
Further, the report includes the growth prospects of CCTV in retail, healthcare, education, transportation and banking sector. In the end, the report concludes with a competitive analysis of key market players, providing business overview of each player along with its key financials. In addition, it elucidates key developments of players related to video surveillance which enable clients to formulate market strategies and assess the opportunity areas in key geographies.
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