Global IP Video Surveillance and VSaaS market expected to reach USD57.3 Billion by 2020

The global IP Video Surveillance and VSaaS market is expected to reach $57.3 Billion by 2020. North America is expected to experience highest share in IP Surveillance market by 2020. Asia Pacific is expected to grow with highest CAGR 44.3% during analysis period 2013-2020. North America would be the highest revenue generating segment with a value of $18,741.6 million in 2020. IP Surveillance market is undergoing an evolutionary phase in developing countries therefore promising significant potential. In case of developed countries, the analogue surveillance systems are being actively replaced by IP surveillance systems. Increasing awareness regarding the benefits of IP based surveillance system, favorable regulatory impositions and rising security concern are the key factors expected to catalyze the growth of IP Surveillance market during the forecast period.

Penetration of internet protocol in surveillance has created a long lasting impact on the overall surveillance industry. “”IP Surveillance system is widely accepted in developed markets and the adoption rate is expected to increase in developing markets such as Asia-Pacific,”” states AMR analyst Bryan Olson. Government and higher security segment is expected to adopt IP surveillance system at a faster pace during the analysis period, growing at a CAGR of 39.2% from 2013 to 2020. Banking and financial institutes are expected to be the highest revenue generating segment within the application market. IP surveillance hardware market is expected to be the highest revenue-generating segment with estimated revenues of $24.3 billion by 2020.

IP Surveillance system serves better flexibility and scalability features in comparison to the CCTV and conventional surveillance systems. Analog systems are expandable only to a specific limit: for instance, only limited number of cameras can be added to the existing infrastructure. However, IP surveillance system is creating better opportunity for end-users willing to focus on multi-level or multi-site business expansions. For this reason, organizations are expected to prefer IP surveillance systems over analog systems. IP surveillance system is configured with advanced technology such as video motion detection, frame rate control, automatic brightness control, internal storage memory, and remote-zoom facility.

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