IP Video Surveillance Market 2019 Global Size, Sales Revenue, Regional Trends, Company Profile, Business Growth, Opportunities and Comprehensive Research Study 2023

Market Research Future published a research report on “Global IP Video Surveillance Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India - August 2, 2019 /MarketersMedia/ —

Market Overview

Market Research Future (MRFR) projects the global IP video surveillance market to reach approximately USD 25 at an estimated CAGR of 12% over the forecast period of 2017-2023. Demand for video surveillance has risen steeply over the past few years, IP video surveillance in particular. The IP video surveillance market growth is sustained by local and national governments’' initiatives to mitigate security threats arising from terrorists and other perpetrators. The need for better surveillance capabilities coupled with an increased focus on the prevention of attacks is driving the growth of the global IP video surveillance market. Growing number of terror attacks across the globe has encouraged the governments in multiple countries to endeavor towards prevention of such crisis. Increasing penetration of video surveillance in diverse industries has boosted the growth of the global IP video surveillance market. Monitoring of industrial activities is critical to ensure personnel and public safety, process and product quality and site security. Moreover, the convergence of affordable high-resolution and high-quality video monitoring has increased the adoption rate among various industries. Cut-throat competition among the key market players has resulted in the development of high-definition advanced video surveillance cameras at low prices which has accelerated the demand for IP video surveillance. Development of internet infrastructure and connectivity has also impacted the market positively. Other factors assisting the growth of the market include a rise in crime across the globe, higher awareness regarding security and benefits of IP video surveillance, and the growing need for security. However, lack of storage facility and privacy issues are expected to hinder the growth of the global IP video surveillance market over the forecast period.

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Market Segmentation

The global IP video surveillance market has been segmented on the basis of component, application, and region. Component has been segmented into hardware and software. Hardware has been further segmented into cameras, monitors, and servers. The software segment has been sub-segmented into video management and video analytics. The hardware segment has the dominant share of the market, while the software segment is growing at the highest CAGR of 15.01% during the assessment period.

Applications have been segmented into BFSI, manufacturing, healthcare, retail, government, and others. Among these, the retail segment is expected to lead the market over the forecast period and grow at a CAGR of 13% during the review period.

Key Players:

The key players in the global IP Video Surveillance Market include- Avigilon (Canada), Axis Communications. (Sweden), D-Link (Taiwan), Genetec Inc. TM. (Canada), The Infinova Group (U.S.), Bosch Security Systems Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Panasonic Corporation (Japan), GeoVision Inc (Taiwan) among others.

Regional Analysis

North America established itself as the largest market in the global IP video surveillance market. The region has a high adoption of advanced technology solutions such as IP video surveillance. The presence of fierce competition among IP camera vendors in the region combined with rising demand for security is expected to drive the regional market. Moreover, the region has a high number of developed economies with high disposable incomes.

The Asia Pacific is another notable regional market due to the rapid adoption of advanced solutions in emerging economies. The region has economies like India, China, and Japan that are heavily populated with growing safety concerns, thus driving the regional market.

Industry Updates

In September 2018, Eagle Eye Networks, a leader in cloud-based video surveillance solutions announced a partnership with Arlo Technologies, a leading wire-free surveillance cameras provider. The partnership will combine the Eagle Eye's cloud VMS with Arlo's FlexPower camera System which will ensure maximum protection from predator bots.

In October 2018, Aerocont Vision Costar, a leading provider of IP-based megapixel cameras and video surveillance solutions, announced new product portfolio following the initial launch of the business in July 2018. The new company is a subsidiary of Costar Technologies, Inc., a developer, and manufacturer of video surveillance products.

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Intended Audience

Manufacturers
Distributors
Research firms
Consultancy firms
Software Developers
Vendors
Semiconductor Manufacturers
End-user sectors
Technology Investors
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