An increase in need for safety in risk-prone areas and integration of IoT in surveillance cameras drive the global video surveillance market.

PUNE, MAHARASHTRA, INDIA, September 21, 2020 /EINPresswire.com/ -- Increase in need for safety in risk-prone areas, transition from analog surveillance to IP cameras, and integration of IoT in surveillance cameras drive the global video surveillance market. However, high investments, scarcity of skilled professional in handling IP cameras, and surge in privacy concerns hinder the market growth. On the other hand, trend of smart cities development and rise in adoption toward spy and hidden cameras create new opportunities in the coming years.

According to the report, the global video surveillance industry garnered $42.94 billion in 2019, and is estimated to reach $144.85 billion by 2027, growing at a CAGR of 14.6% from 2020 to 2027.

Access Full Research Report: https://www.alliedmarketresearch.com/Video-Surveillance-market

Covid-19 scenario

Countries such as China, India, Israel, Singapore, and others have been utilizing mass surveillance tools to track spread COVID-19 and quarantined patients.
Strict video surveillance at hotspots and containment zones with the help of drones and CCTV cameras will play an important role in maintaining law and order during lockdown.
Many experts have questioned the privacy and security of data collected from various video surveillance tools.
The IP surveillance segment to maintain its lead position by 2027

Based on system type, the IP surveillance segment accounted for the largest market share in 2019, holding more than half of the global video surveillance market, and is estimated to maintain its lead position during the forecast period. This is attributed to surge in adoption of network cameras. However, the hybrid surveillance segment is estimated to maintain the highest CAGR of 17.5% from 2020 to 2027, owing to increase in hybrid recorder demand.

Get Instant Access to Report – Download PDF Sample: https://www.alliedmarketresearch.com/request-sample/1090

The commercial segment to maintain its dominant share during the forecast period

Based on application, the commercial segment accounted for nearly one-fourth of the global video surveillance market in 2019, and is projected to maintain its dominant share during the forecast period. This is due to increase in demand for safety in commercial spaces. However, the infrastructure segment would grow at the fastest CAGR of 18.7% from 2020 to 2027, owing to emergence of remote monitoring.

Asia-Pacific to dominate, North America to follow

Based on region, Asia-Pacific accounted for nearly half of the global video surveillance market in 2019, and is estimated to maintain its dominant position by 2027. Moreover, this region is estimated to maintain the highest CAGR of 16.7% from 2020 to 2027. This is attributed to increase in security concerns, trend of smart city development, and urbanization in the countries such as India. However, North America contributed the second-highest market share in 2019, and will maintain its position by 2027.

Detail Analysis on Key Vendors: https://www.alliedmarketresearch.com/connect-to-analyst/1090

Market players grabbing the largest pie:
•HKVISION, Ltd.
•Bosch Security System
•Honeywell Security Group
•Dahua Technology
•FLIR
•Panasonic
•Avigilon
•Axis Communication
•Infinova
•Pelco

Must Read Articles:

Quick Glance At Futuristic Application Of Speech Recognition

Why Is Facial Recognition The Most Trending Technology Now?

Benefits of Keyless Entry System- How Do They Come in Handy for Folks

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

David Correa
Allied Analytics LLP
+1 800-792-5285
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn

Avenue Subscription Based Report Library - Allied Market Research