The
global market is expected to reach a value of USD 42.81 billion by
2019, growing at a CAGR of 19.1% from 2013 to 2019. Increased
security and safety concerns and need to monitor activities to detect
intrusion, theft and traffic surveillance are some important reasons
driving the growth of the video surveillance and VSaaS market
globally.
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Market
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By
system, IP based video surveillance market is expected to grow
rapidly at a CAGR of 24.2% during the forecast period from 2013 to
2019. Growing installations of IP cameras and need for surveillance
cameras with better video quality is driving the demand for IP based
video surveillance systems, globally.
By
components, hardware market was valued at USD 9.49 billion in 2012
and is expected to grow at a CAGR of 17.3% during the forecast period
from 2013 to 2019. It comprises of surveillance cameras, recorders
and storage, encoders, and monitors. Recorders and storage segment
held the largest share of 37% in 2012 of the total hardware market
followed by surveillance cameras with 32.0% share but is expected to
lose share in the coming years due to growing preference of cloud
based storage (VSaaS). Also, the share of surveillance cameras is
expected to increase to around 46% by 2019 owing to growing
popularity of IP based video surveillance cameras that offer better
video quality and comes with in-built recorders.
Among
end user application areas, transportation segment which comprises
city surveillance, public transits, and highways is the largest
segment. This segment accounted for around 15% share of the total
market in 2012 and is expected to grow at a CAGR of 21.2% during the
forecast period from 2013 to 2019. Other important application areas
for video surveillance and VSaaS include residential, retail,
hospitality, stadiums, and healthcare among others.
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In
terms of geography, North America was the largest market in terms of
revenue generation in 2012 that accounted for around 35% share of
this market followed by Asia Pacific with around 31% share. Asia
Pacific is expected to be the fastest growing market during the
forecast period, growing at a CAGR of 23.4% and registering a market
size of USD 17.12 billion in 2019. Growth in the Asia Pacific market
is mainly spurred by demand from China.
Hikvision
Digital Technology Ltd. dominated the global video surveillance and
VSaaS market with a share of 9.4% in 2012 followed by Axis
Communications with 5.2% share. Other important players include
Honeywell, Dahua Technology, Canon Inc, Bosch Security, Pelco,
Panasonic, and others.
The
global video surveillance and VSaaS market is segmented as below:
Video
Surveillance and VSaaS Market
By
component
Hardware
- Cameras
- Recorders and storage
- Encoders
- Monitors
Software
- Video analytics
- Video management software (VMS)
Services
- Hosted
- Managed
- Hybrid
By
system
- Analog video surveillance
- IP based video surveillance
End
use application
- Residential
- Retail
- Business organizations
- Transportation
- Government buildings
- Hospitality
- Industrial
- Stadiums
- Healthcare
- Others (educational buildings, critical infrastructures, so on)
By
geography
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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