According to a new market research report “Video Surveillance Market by System (Analog, IP) by Hardware, Software & Services, Application (Infrastructure, Commercial, Institutional, Industrial and Residential), and Geography- Global Trends & Forecasts to 2013 – 2020”, the total market is expected to reach $42.06 billion by 2020.
Video surveillance involves the observation of objects from a distance through electronic cameras and it presently considered as a very popular security tool. Video surveillance is used to monitor changing activities and changing information to protect, manage, and direct people. Considering the ever-growing sources of danger and increasing inventory losses, video surveillance is an extremely valuable and economical means to improve the security of people, buildings, and valuables.
IP and analog are the two major types of this industry available today. The IP system market is expected to grow at a CAGR of 23.51%. This growth is heralded by increased awareness regarding the IP system across the globe. Analog system will grow at a lower growth rate of 6.36% in the forecast period.
This report focuses gives an insight of the complete video surveillance market, with detailed market segmentation, combined with qualitative analysis of each and every aspect of classification on the basis of systems, hardware, software, services, applications, and geography. All the numbers, at every level of detail, are forecast till 2020, to give a glimpse into the potential revenue base of this market
The global video surveillance market is expected to reach $42.06 billion by 2020, at a CAGR of 16.97 %. The IP video surveillance holds the maximum share in the global video surveillance market, and this trend is expected to continue in the forecast period.
Free Download: The Video Surveillance Report 2023
Discover the latest developments in the rapidly-evolving video surveillance sector by downloading the 2023 Video Surveillance Report. Over 500 responses to our survey, which come from integrators to consultants and heads of security, inform our analysis of the latest trends including AI, the state of the video surveillance market, uptake of the cloud, and the wider economic and geopolitical events impacting the sector!
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