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Video Surveillance Market 2018 Growth Rate Research Report and Future Plans 2023

Akash Sangshetti
Video Surveillance Market 2018 Growth Rate Research Report and Future Plans 2023

Market Highlights:

Video surveillance systems are the security tools that help reduce crime and protect people and property. There are different Video Surveillance systems available in the market according to the customers’ specific needs and budgets, from large commercial enterprises to home security platforms, from simple camera systems for small offices and businesses to complex solutions for urban traffic management systems. There are two types of video surveillance systems including analog and digital video surveillance system. As compare to analog video surveillance, digital video surveillance systems are easy to install and provide high quality video or images.

Growing concern about public safety due to the dangerous incidences like terrorist attacks the importance of video surveillance in securities increased. The factors such as growing disposable income of people can afford video surveillance as in home security. Video surveillances are also used in different industries like oil and gas, pharmaceutical, construction, communication etc. Furthermore, booming IT infrastructure is expected to boost the growth of the Video Surveillance Market over the forecast period, 2017-2023.

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On the basis of component, the market can be segmented into hardware, software and service. The hardware segment is further segmented into cameras, monitor, and storage system. Out of these, hardware segment accounted for the largest market share.

On the basis of application, the market can be segmented into infrastructure, commercial, institutional, defense and residential. Out of these, commercial segment accounted for the largest market share majorly due to the increasing demand from small and medium business enterprises, retail stores, and shopping mall to reduce criminal activities.


The market for global digital assistant is segmented on the basis of component and applications. The component is sub-categorized into hardware, software and services. On basis of hardware component the market is further classified into cameras, monitors and storage systems. By applications, the global Video Surveillance Market is sub-segmented into infrastructure, commercial, institutional, Defense, and residential. 

Key Players

Some of the key players in the market are Zhejiang Dahua Technology Co., Ltd. (China), Axis Communications AB (Sweden), Bosch Security Systems Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), FLIR Systems Inc. (U.S.), Honeywell Security Group (U.S.), Avigilon Corporation (Canada), Pelco (U.S.), Panasonic System Networks Co., Ltd. (Japan), Hanwha Techwin Co., Ltd. (South Korea) and NICE System Ltd. (Israel).

Regional Analysis:

On the basis of region, the market can be segmented into North America, Europe, Asia-Pacific and Rest of the world. Asia Pacific region accounted for the largest market share majorly due to the large and fast technology adoption. High disposable income coupled with easy affordability of security devices such as walkie talkie, biometrics, security alarm systems, and video surveillance market in Asia Pacific. Adoption of video surveillance to protect economy and infrastructure from criminal activities and terror attacks is expected to drive the video surveillance market at fast pace.

Asia Pacific is also be the fastest growing region for the video surveillance market due to the increasing security awareness coupled with high security installation at shopping mall, government offices. North America is second largest region for the video surveillance market.

Intended Audience

  • Technology Investors
  • Research/Consultancy Firms
  • Cloud Service Providers
  • Security Service Providers
  • Managed Service Providers
  • Cloud Storage Providers
  • Infrastructure Providers

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2.1 Market Growth Factors 11

2.1.1 Advancement In IP-Based Technology 11

2.1.2 Increasing Demand Of Cloud Based Video Surveillance 12

2.1.3 The Rising Demands Of Public Safety 13

2.1.4 Emerging Smart City Projects 13

2.2 Market Restraints 14

2.2.1 Lack Of Huge Network Bandwidth For Video Streaming 14

2.2.2 Privacy Issues 15

2.2.3 High Cost Of Installation Of Video Surveillance Systems 15

2.3 Video Surveillance Market Value Chain 16

2.4 Porter’s Five Forces Analysis 17


3.1 Introduction 18

3.2 Sub-Segment 19

3.2.1 Hardware 19 Cameras 19 Monitors 20 Storage Systems 20

3.2.2 Software 20

3.2.3 Services 20


4.1 Introduction 21

4.2 Sub-Segment 22

4.2.1 Infrastructure 22

4.2.2 Commercial 22

4.2.3 Institutional 22

4.2.4 Defense 23

4.2.5 Residential 23


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Akash Sangshetti
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