Status : Published Published On : Oct, 2020 Report Code : VRSME9021 Industry : Semiconductor & Electronics Available Format : Page : 160

Global Video Surveillance Market - Analysis and Forecast (2019-2025)

Industry Insights by System (Analog Video Surveillance System, and IP Video Surveillance System), by Offering (Hardware, Software, and Services), by End User (Infrastructure, Commercial, Military & Defense, Residential, Public Facility, and Industrial)

Industry Overview

The global video surveillance market estimated to be USD 45.0 billion in 2020 and is predicted to reach USD 74.0 billion by 2025, growing at a CAGR of 10.0% during the forecast period. The factors responsible for the growth of video surveillance across the globe are growing concerns towards public safety and security, increasing adoption of IP cameras, and growing demand for wireless and spy cameras.

Video Surveillance Market Highlights

Market Segmentation

Insight by Offering

Based on offering, the global video surveillance market is categorized into hardware, software, and services. The software segment is expected to experience the fastest growth in the global video surveillance market during the forecast period. The software segment includes video analytics and video management system.

Insight by End User

On the basis of end user, the video surveillance market is categorized into infrastructure, commercial, military & defense, residential, public facility, and industrial. The infrastructure segment is expected to experience the fastest growth in the global video surveillance market during the forecast period.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

System, Offering, End User, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Dahua Technology, Axis Communications, Bosch Security and Safety Systems, Hikvision, Hanwha Techwin, Panasonic i-PRO Sensing Solutions, Pelco, Qognify, Nice Systems, Huawei Technologies, and Honeywell Commercial Security

Industry Dynamics

Growth Drivers

The primary factors driving the growth of the global video surveillance market are:

  • - Increasing adoption of IP cameras
  • - Growing concerns about public safety and security
  • - Increasing demand for wireless and spy cameras

Rising government and stakeholder investment for the development smart cities and employing city surveillance solutions, growing demand for VSaaS services, ongoing technological advancements in Big Data, IoT, and cloud-based services, and growing trends of artificial intelligence and deep learning for video surveillance systems are expected to create ample opportunities to players in the global video surveillance market during the forecast period.

Challenges

Violation of privacy and requirement for high-capacity storage systems and higher bandwidth are probably the greatest obstacle confronting video surveillance producers.

Opportunities

  • - Ongoing technological advancements in Big Data, IoT, and cloud-based services
  • - Increasing government and stakeholder investment for the development of smart cities and employing city surveillance solutions
  • - Growing demand for VSaaS services

Geographic Overview

Geographically, Asia-Pacific is expected to experience the fastest growth in the global video surveillance market during the forecast period. Some of the major factor driving the growth of the APAC market are heavy investments in smart city projects. and growing number of security threats and concerns in countries such as China, Japan, India, and South Korea. Rising awareness of safety and security across different sectors such as commercial, infrastructure, and public places also fuels the growth of the video surveillance market in Asia-Pacific. The growing incidence of theft, terrorist attacks, and other crimes has resulted in an increasing need for video surveillance systems in Asia-Pacific.

Competitive Insight

Key players operating in the global video surveillance market include Dahua Technology, Axis Communications, Bosch Security and Safety Systems, Hikvision, Hanwha Techwin, Panasonic i-PRO Sensing Solutions, Pelco, Qognify, Nice Systems, Huawei Technologies, and Honeywell Commercial Security.

Forecast Parameters

  • - Identifying variables and establishing market impact.
  • - Establishing market trends regionally.
  • - Analyzing opportunities and market penetration rates by understanding product commercialization, regional expansion.
  • - Analyzing demand and supply trends and changes in industry dynamics to establish future growth.
  • - Analyzing sustainability strategies adhered by market participants in an attempt to determine future course of the market.
  • - Analyzing historical market trends and super-imposing them on the current and future variables to determine year-on-year trend.
  • - Understanding adoption, development, distribution and regulatory framework.

Data Validation

  • - Estimated and forecasted data was validated through industry experts.
  • - Apart from industry experts, data triangulation methods were used for validation.
  • - Bottom up and top down approach has been used for estimation and forecast of market data, whereas top down approach was used for validation.
  • - Demand as well as supply side surveys were conducted in order to understand the industry dynamics and data validation.

Research Phases

Video Surveillance Market Research Phase

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.

Video Surveillance Market Size

Source: VynZ Research

Video Surveillance Market Analysis

Source: VynZ Research

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle
Video Surveillance Market