Video Surveillance Market 2019 In Depth Analysis by Leading Players

The global video surveillance market was valued at USD XX million in 2018 and is expected to reach USD XX million by 2026, growing at a CAGR of 14.0% during the forecast period.

Video surveillance, also known as closed-circuit television (CCTV), is a system that uses a camera to transfer signals to a specific place, over a monitor. This system monitors and records the activities of people. It offers several benefits to users such as time and cost efficiency, increased safety, and remote monitoring. It also helps in gathering evidence in legal cases. The growing adoption of centralized security, as well as the rapidly growing commercial sector, is one of the major factors to drive the growth of the video surveillance market.

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Further, the rising deployment of video surveillance to prevent anti-social activities such as theft, murder, intrusion, and robbery is expected to increase the growth of video surveillance market during the forecast period.

Apart from these, the growing adoption of PTZ cameras for 360-degree security and visibility is a major driving factor for the market. Owing to rising security issues and concerns, governments of various countries have focused on implementing the video surveillance system, for the protection of critical infrastructure and public places. Further, rapid developments in video surveillance and cloud computing software are going to drive the shift towards video surveillance during the forecast period.

Additionally, companies are developing advanced security systems for providing enhanced safety and security on premises. For instance, in March 2019, Axis Communications AB has launched AXIS Q6215-LE PTZ Network Camera with built-in Infrared illumination to meet the growing demand for more heavy-duty solutions. The advent of AI-based surveillance solutions will further increase the demand for video surveillance.

However, high initial investment cost and lack of expertise in handling IP cameras are expected to impede the growth of the video surveillance market.

Key Findings:

  • Based on offerings, the hardware segment is expected to have the highest market share during the forecast period.
  • Based on technology, IP video surveillance systems are expected to hold the largest share in the market during the forecast period.
  • Based on the Installation type, the Indoor segment is expected to hold the highest market share during the forecast period.
  • Based on applications, the commercial segment is anticipated to have the highest share in the market during the forecast period.
  • Based on regions, the Asia-Pacific video surveillance market is anticipated to capture a significant portion of the global market during the forecast period.

Recent News:

  • In September 2019, FLIR Systems has announced a maritime thermal camera named “FLIR M300 Series”. This new generation camera delivers safer navigation and continuous integration with onboard boat system for professional mariners and first responders who work in the toughest marine environments.
  • In September 2019, Axis communication has announced a new generation PTZ camera named “AXIS Q60 PTZ Network Camera Series”. These high-performance cameras offer improved imaging, extended capabilities for analytics, enhanced security features, and significantly more well-organized video compression.

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