The
global video surveillance and VSaaS market is expected to reach a
value of US$ 48.32 Bn by 2020. The market would grow at an estimated
CAGR of 18.1% during the forecast period from 2014 to 2020. Increased
security and safety concerns, theft and traffic surveillance and
government regulations are some important reasons driving the growth
of video surveillance and VSaaS market, globally. In 2013, North
America was the largest market in terms of revenue accounting for
around 34% share of the total video surveillance and VSaaS market.
Asia Pacific is expected to be the fastest growing regional market
during the forecast period, growing at a CAGR of 22.2%. Growth in the
Asia Pacific market is mainly spurred by the demand from countries
such as China, India, Thailand and South Korea. The growing
investments in infrastructure have necessitated investments in
security systems which have led to the growth in demand for
surveillance cameras.
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IP-based
video surveillance market is expected to grow rapidly at a CAGR of
23.3% during the forecast period. Due to need for surveillance
cameras with better video quality, the demand for IP-based video
surveillance systems is growing, worldwide. While hardware comprised
around 87% of the total video surveillance and VSaaS market, cameras
held the largest share of the total video surveillance hardware
market, accounting for around 34% share in 2013. Further, the market
is experiencing significant growth in demand for cloud-based
surveillance solutions and video analytics solutions. Video analytics
eliminates the human need for monitoring and analyzing video feeds in
real time. There is growing demand for such intelligent surveillance
systems to provide real time insights with automatic event and alarm
notifications. Video analytics software market is expected to grow at
a CAGR of 23.7% during the forecast period.
Video
surveillance-as-a-service (VSaaS) market is expected to grow at a
CAGR 32.0% during the forecast period (2014 to 2020). VSaaS
eliminates the need for high storage capacity servers and is quite
cost effective and thus, is finding increased demand and key players
in the video surveillance industry are increasingly focusing on
deploying cloud-based services.
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Among
the end user application areas for video surveillance and VSaaS,
transportation segment which comprises city surveillance, public
transits, and highways was the largest segment in 2013, accounting
for around 15% share of the total video surveillance and VSaaS
market. Other important application areas for video surveillance and
VSaaS include residential, retail, hospitality, stadiums, and
healthcare.
Key
players in the global video surveillance and VSaaS market include
Hikvision Digital Technology Co., Ltd., Axis Communications AB, Bosch
Security Systems, Inc., Agent Video Intelligence, Canon, Inc.,
Geovision, Inc., Genetec, Inc., Panasonic System Networks Co. Ltd.,
Cisco Systems Inc., Pelco, Inc., Zhejiang Dahua Technology Co. Ltd.
and Honeywell Security Group. During the recent years, the industry
has observed increased business acquisition and partnership
activities from the players. High investment in product development
has been a key characteristic of video surveillance industry and
major players maintain a high new product launch rate.
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Video
Surveillance and VSaaS Market
By
Type
- Analog Video Surveillance and VSaaS
- IP-based Video Surveillance and VSaaS
By
Component
Hardware
- Cameras
- Recorders and Storage
- Encoders
- Monitors
Software
- Video Analytics
- Video Management Software (VMS)
Video
Surveillance as a Service (VSaaS)
- Hosted
- Managed
- Hybrid
By
End-use Sector
- Residential
- Retail
- Business Organizations
- Transportation
- Government Buildings
- Hospitality
- Industrial
- Stadiums
- Healthcare
- Others (Educational Institutions and Religious Infrastructure)
By
geography
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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