The global CCTV market is expected to grow at a CAGR of more than 12% during 2015-2020, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 01/16/2015 -- Global CCTV market is expected to experience a strong growth driven mainly by the IP-based surveillance systems which has the advantage of accessibility from anywhere in the world. Increasing demand from the government and various organizations to update and replace the existing analog systems with IP surveillance systems create huge IP-based surveillance systems demand around the world. Further, better feasibility and scalability features compared to conventional surveillance systems make IP-based surveillance one of the most demanding security solutions in recent times.
According to our latest report "CCTV Market Outlook 2020", increasing demand for new application areas such as business intelligence, retail outlets to analyze customer footfall and patterns create lots of opportunity for IP based surveillance systems. Besides, with the increasing concern for safety and security around the world, the government authorities are heavily investing in the security market. This will further enhance the global CCTV market. It is anticipated that, global CCTV market is expected to grow at a CAGR of more than 12% during 2015-2020.
The report provides comprehensive analysis and unbiased view of 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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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.