Video Surveillance Market worth 71.28 Billion USD by 2022 The total video surveillance market is expected to reach USD 71.28 Billion by 2022, at an estimated CAGR of 16.56% between 2016 and 2022. The base year used for this study is 2015 and the forecast period is from 2016 to 2022. This report provides a detailed analysis of the video surveillance systems and solutions based on component, system type, application, and geography. The commercial and infrastructure sectors are becoming popular due to the high demand for video surveillance systems to reduce security threats and criminal activities. Video surveillance systems, in particular, are helping users in day-to-day activities by monitoring, identifying, and analyzing the people and properties through cameras and storing data for future reference. Software component and service segment is expected to lead the video surveillance market The market for the service segment is expected to grow at the highest CAGR between 2016 and 2022. Cloud services and video surveillance as a service (VSaaS) play an important role in the video surveillance system. Software components include video analytics and video management software. Also, the use of neural networks and algorithms in the biometric surveillance system is a part of software component. The advancement in software technologies and networking services would lead the video surveillance market. Browse 81 tables and 61 figures spread through 175 Pages and in-depth TOC on "Video Surveillance Market - Global Forecast to 2022" PDF Brochure :http://www.marketsandmarkets.com/pdfdownload.asp?id=645 The key players in the ecosystem of the video surveillance market profiled in this report are Axis Communications AB (Sweden), Bosch Security Systems (U.S.), Zhejiang Dahua Technology Co., Ltd. (China), Hangzhou Hikvision Digital Technology Co., Ltd. (China), FLIR Systems Inc. (U.S.), Honeywell Security Group (U.S.), Avigilon Corporation (Canada), PELCO by Schneider Electric (U.S.), Panasonic System Networks Co., Ltd. (Japan), Samsung Techwin Co., Ltd. (South Korea), Nice Systems, Limited (Israel), and Infinova Corporation (U.S.). The commercial sector accounted for the largest share among all applications of the video surveillance market, followed by that of infrastructure in 2015. The need for security and safety for retailers, franchise stores, and mall owners enables the creation of safe zones using video surveillance to provide safety, monitor inventory and property, and reduce criminal act. In the commercial sector, financial data, buildings, bank ATMs, and branches, and other assets require high security which is an important part of economic growth. This is likely to boost the demand for this system in this sector. The infrastructure sector consists of applications wherein large areas need to be covered for the purpose of surveillance such as stadiums, event venues, parks, and public recreation areas. These crowded areas are the target for terror activities. Therefore, the need for the video surveillance system to increase the security and safety of individual is high in this sector.
The market for the defense sector is expected to grow at a high rate since video surveillance and biometrics surveillance systems are used by armies to protect army base capes, border areas, and arms inventories. This is likely to reduce terror activities on borders and central areas. Commercial sector is expected to grow at the highest CAGR between 2016 and 2022 The market for the commercial sector is expected to grow at the highest CAGR between 2016 and 2022. The high demand for security systems in large and small retail businesses is increasing to reduce robbery and inventory loss. In the commercial sector, financial institutions and banks highly recommend video surveillance systems to provide security to the buildings, maintain cash management, and monitor customers and staff activities. This enhances security parameters and drives the surveillance system market for the commercial sector. About Report :http://www.marketsandmarkets.com/Market-Reports/video-surveillancemarket-645.html APAC is expected to hold the highest market share and grow at a high CAGR during forecast period The video surveillance market in APAC is expected to grow at the highest CAGR among its peers between 2016 and 2022. The reason for this growth is adoption of new technologies (cloud services and other analytics technologies) and security systems to protect its economy and infrastructure through criminal activities and terror attacks. Thus, reduction in IP cameras prices and the presence of big players are the factors which would drive the video surveillance system market in this region. This research report categorizes the global video surveillance system market based on component and service, system, application, and region. This report describes the drivers, restraints, opportunities, and challenges with respect to the video surveillance system market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the video surveillance system market.