Video Surveillance Market to 2025 - Global Analysis and Forecasts by Platforms (Hardware and Software); Industries (Commercial, Residential, Infrastructure, Industrial and Institutional); Service (Hosted, Managed and Hybrid)
In our study, we have segmented the video surveillance market by platform, industries and services. The platform segment includes hardware and software. The various industries considered in the research study includes commercial, industrial, infrastructure, residential and institutional sectors. There are various types of services offered to the end users by the manufacturers as well as outsourced companies such as hosted video surveillance services, managed video surveillance services and hybrid video surveillance services.
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The video surveillance market is estimated to account for US$ 43.8 Bn by the end of 2025, escalating at a CAGR of 11.8% during the forecast period from 2018 to 2025, from US$ 18.3 Bn in 2017. The growth of video surveillance market is attributed to the rising adoption of internet protocol (IP) cameras among the end users in the developed countries as well as developing nations. The major advantage of IP cameras over conventional cameras is the benefit of transferring captured data or imageries directly over internet, within a fraction of second. The TCP/IP cameras are either centralized, which requires