Video Surveillance System Market

Introduction of the Video Surveillance System Market Report

A video surveillance system/ CCTV refers to a composed system of cameras, monitors/display units, and recorders. The cameras are either analog or digital with a host of different design features, which can be discussed momentarily. The installation of a video surveillance system helps in preventing crimes due to its visual control unit.

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Video Surveillance System Market Key Drivers

The global video surveillance system market is predicted to have strong demand during the forecast period. The accelerating application of video surveillance systems in numerous industries such as banking & financial services, retail, and the transportation sector, is one of the biggest factors that is surging the growth of the video surveillance system market share in terms of revenue. The major economies such as the United Kingdom, Brazil, the United States of America, and China are the biggest adopter of these systems. Consumer video surveillance cameras are being largely used in home security systems and mobile cameras. Additionally, the increasing adoption of smart camera systems and growing video analytics application is further supporting the growth of the video surveillance systems industry.

The rising adoption of this type of system, particularly in the government sector, is another factor that is opening new doors for the growth of the market. There has been a drastic increase in the number of physical violence, fraud, theft, and terrorism. Hospitals, retail stores, transportation, schools, and colleges, are the most common deployment place for video surveillance systems. Moreover, the leading corporate companies are emphasizing on implementing this system in their offices around the world. In 2018, Europe-based InfiNet Wireless successfully deployed the video surveillance systems in the ports of Northwestern Mexico. The project aimed to install high-capacity base station sectors for feeding data and video to a central control room. As per the video surveillance system market report, the significant growth in the market is pushing the need for the introduction of new IP-based digital technologies that have the ability to detect and prevent undesirable behaviors such as shoplifting, theft, terror attacks, and others. This is one of the global video surveillance system market trends that is responsible for growing its demand.

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Type – Segment Analysis

Based on the type, the software segment is anticipated to dominate the market during the forecast period. The software segment includes video analytics and video management software. The increasing technological development related to AI and deep learning has surged the requirement for the launching of new and innovative solutions to tackle the security crisis. This is one of the biggest factors that is driving the demand for the software segment.

Vertical – Segment Analysis

segment is projected to grow at a higher CAGR during the forecast period. The infrastructure includes transportation, city surveillance, public places, and utilities. The city surveillance application of infrastructure is one of the most prominent areas for the video surveillance market. Furthermore, the rising investment by governments of different countries to improve the safety levels in public places is further driving the market growth. The Chinese smart cities market is expected to touch USD 59.9 billion by 2023. In addition to this, the Indian government is planning to build 100 smart cities across the country, which includes Gujarat, Madhya Pradesh, and other states. This factor will bring new growth opportunities to the market.

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Regional – Segment Analysis:

Based on the region, Asia-pacific region is predicted to dominate the market during the forecast period. The heavy investment in smart city projects is one of the key driver that is contributing to the growth of the market in this region. Additionally, the rising number of security and safety threats, especially in China, India, and South Korea, have energized the demand for the market. There has been an increase in the penetration of new technologies such as automatic number plate recognition, facial recognition, retail management, and remote asset management, which also boosts the market’s demand.

Top Market Players

Various notable players operating in the market, include Axis Communications, Bosch Security Systems, LLC, Honeywell International Inc., SAMSUNG, Panasonic Corporation, FLIR Systems, Inc., The Infinova Group, Schneider Electric SE, Dahua Technology Co., Ltd., and Sony Corporation, among others. 

Key Developments:

• • In 2020, Axis Communications introduced a new addition in its AXIS M30 Network Camera Series. AXIS M3068-P, is a 12 MP mini-dome with up to 15 fps with Forensic WDR, whereas AXIS M3067-P is a 6 MP camera that has up to 30 fps with Forensic WDR and has Lightfinder technology.
  • In 2020, Bosch Security Systems LLC, launched the IP 3000i portfolio which has micro dome, mini dome, bullet, and turret options for both indoor and outdoor usage. This product has complete flexibility for everyday surveillance.

Segments covered in the Report:

The global Video Surveillance System market has been segmented on the basis of Type, Vertical, and key regions. Based on Type, the market is segmented into Hardware, Software, and Services (VSaaS). Based on Vertical, the market is segmented into Commercial, Infrastructure, Institutional, Industrial, Defense, and Residential. 

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Key questions answered in this research report:

• • At what pace is global Video Surveillance System market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Video Surveillance System market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Video Surveillance System market?
  • Which Type generated maximum revenues in 2019 and identify the most promising Type during the forecast period?
  • What are the various Vertical areas of global Video Surveillance System market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Axis Communications, Bosch Security Systems, LLC, Honeywell International Inc., SAMSUNG, Panasonic Corporation, FLIR Systems, Inc., The Infinova Group, Schneider Electric SE, Dahua Technology Co., Ltd., and Sony Corporation, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Video Surveillance System Market by Type

• • Hardware
    • Camera
      • Analog
      • IP Cameras
      • Hybrid
    • Storage
  • Software
    • Video Analytics
    • Video Management Software
  • Services (VSaaS)

Global Video Surveillance System Market by Vertical

• • Commercial
  • Infrastructure
  • Institutional
  • Industrial
  • Defense
  • Residential

Global Video Surveillance Systems Market by Region

• • North America Video Surveillance Systems Market (Option 1: As a part of the free 25% customization)
    • North America Market by Type
    • North America Market by Vertical
    • US Market All-Up
    • Canada Market All-Up
  • Europe Video Surveillance Systems Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Type
    • Europe Market by Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Video Surveillance Systems Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Video Surveillance Systems Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Type
    • RoW Market by Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Video Surveillance System (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Axis Communications
  • Bosch Security Systems, LLC
  • Honeywell International Inc.
  • SAMSUNG
  • Panasonic Corporation
  • FLIR Systems, Inc.
  • The Infinova Group
  • Schneider Electric SE
  • Dahua Technology Co., Ltd.