1 Executive Summary
2 Market Dynamics
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 Global Video Surveillance Market, By Component
3.1 Introduction 18
3.2 Sub-Segment 19
3.2.1 Hardware 19
3.2.1.1 Cameras 19
3.2.1.2 Monitors 20
3.2.1.3 Storage Systems 20
3.2.2 Software 20
3.2.3 Services 20
4 Global Video Surveillance Market, By Application
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
5 Global Video Surveillance Market, By Region
5.1 Introduction 24
5.2 Market, By Regions 26
5.2.1 North America 26
5.2.1.1 U.S. 31
5.2.1.2 Canada 33
5.2.1.3 Mexico 35
5.2.2 Europe 37
5.2.2.1 UK 42
5.2.2.2 Germany 44
5.2.2.3 France 46
5.2.2.4 Rest Of Europe 48
5.2.3 Asia-Pacific 50
5.2.3.1 China 55
5.2.3.2 Japan 57
5.2.3.3 India 59
5.2.3.4 Rest Of ASIA-PACIFIC 61
5.2.4 Rest Of The World (RoW) 63
5.2.4.1 Middle East & Africa 68
5.2.4.2 Latin Countries 70
6 Competitive Landscape
6.1 Introduction 72
6.2 Market Share Analysis 72
6.3 Company Profiles 74
6.3.1 Honeywell International Inc. 74
6.3.1.1 Business Overview 74
6.3.1.2 Product/Services Offering 75
6.3.1.3 Business Strategy 75
6.3.1.4 SWOT 76
6.3.2 Hangzhou Hikvision Digital Technology Co., Ltd. 77
6.3.2.1 Business Overview 77
6.3.2.2 Product/Services Offering 77
6.3.2.3 Business Strategy 77
6.3.2.4 SWOT 78
6.3.3 Bosch Security Systems Inc. 79
6.3.3.1 Business Overview 79
6.3.3.2 Product/Services Offering 79
6.3.3.3 Business Strategy 80
6.3.3.4 SWOT 80
6.3.4 FLIR Systems, Inc. 81
6.3.4.1 Business Overview 81
6.3.4.2 Product/Services Offering 81
6.3.4.3 Business Strategy 82
6.3.4.4 SWOT 82
6.3.5 Panasonic System Networks Co., Ltd. 83
6.3.5.1 Business Overview 83
6.3.5.2 Product/Services Offering 83
6.3.5.3 Business Strategy 84
6.3.5.4 SWOT 84
6.3.6 Zhejiang Dahua Technology Co., Ltd 85
6.3.6.1 Business Overview 85
6.3.6.2 Product/Services Offering 85
6.3.7 Axis Communications AB 86
6.3.7.1 Business Overview 86
6.3.7.2 Product/Services Offering 87
6.3.8 Qognify 87
6.3.8.1 Business Overview 87
6.3.8.2 Product/Services Offering 87
6.3.9 Avigilon Corporation 88
6.3.9.1 Business Overview 88
6.3.9.2 Product/Services Offering 88
6.3.10 Pelco Corporation 89
6.3.10.1 Business Overview 89
6.3.10.2 Product/Services Offering 89
6.3.11 Hanwha Techwin Co., Ltd. 90
6.3.11.1 Business Overview 90
6.3.11.2 Product/Services Offering 90
7 Appendix
7.1 Scope Of The Study 91
7.1.1 Research Objective 91
7.1.2 Assumption 91
7.1.3 Limitation 91
7.2 Market Structure 92
8 Research Methodologies
8.1 Research Process 93
8.2 Primary Research 94
8.3 Secondary Research 94
8.4 Market Size Estimation 94
8.5 Forecast Model 95
 
9 List Of Tables
TABLE 1 GLOBAL VIDEO SURVEILLANCE MARKET BY COMPONENT, 2020-2027 (USD MILLION) 18
TABLE 2 GLOBAL VIDEO SURVEILLANCE MARKET BY HARDWARE, 2020-2027 (USD MILLION) 19
TABLE 3 GLOBAL VIDEO SURVEILLANCE MARKET, BY APPLICATION 2020-2027 (USD MILLION) 21
TABLE 4 GLOBAL VIDEO SURVEILLANCE MARKET, 2020-2027 (USD MILLION) 25
TABLE 5 NORTH AMERICA VIDEO SURVEILLANCE MARKET BY COUNTRY,2020-2027 (USD MILLION) 27
TABLE 6 NORTH AMERICA VIDEO SURVEILLANCE MARKET BY COMPONENT, 2020-2027 (USD MILLION) 28
TABLE 7 NORTH AMERICA VIDEO SURVEILLANCE MARKET BY HARDWARE, 2020-2027 (USD MILLION) 29
TABLE 8 NORTH AMERICA VIDEO SURVEILLANCE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 30
TABLE 9 U.S. VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 31
TABLE 10 U.S. VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 32
TABLE 11 U.S. VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 32
TABLE 12 CANADA VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 33
TABLE 13 CANADA VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 34
TABLE 14 CANADA VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 34
TABLE 15 MEXICO VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 35
TABLE 16 MEXICO VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 36
TABLE 17 MEXICO VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 36
TABLE 18 EUROPE VIDEO SURVEILLANCE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 38
TABLE 19 EUROPE VIDEO SURVEILLANCE MARKET BY COMPONENT, 2020-2027 (USD MILLION) 39
TABLE 20 EUROPE VIDEO SURVEILLANCE MARKET BY HARDWARE, 2020-2027 (USD MILLION) 40
TABLE 21 EUROPE VIDEO SURVEILLANCE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 41
TABLE 22 UK VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 42
TABLE 23 UK VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 43
TABLE 24 UK VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 43
TABLE 25 GERMANY VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 44
TABLE 26 GERMANY VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 45
TABLE 27 GERMANY VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 45
TABLE 28 FRANCE VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 46
TABLE 29 FRANCE VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 47
TABLE 30 FRANCE VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 47
TABLE 31 REST OF EUROPE VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 48
TABLE 32 REST OF EUROPE VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 49
TABLE 33 REST OF EUROPE VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 49
TABLE 34 ASIA-PACIFIC VIDEO SURVEILLANCE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 51
TABLE 35 ASIA-PACIFIC VIDEO SURVEILLANCE MARKET BY COMPONENT, 2020-2027 (USD MILLION) 52
TABLE 36 ASIA-PACIFIC VIDEO SURVEILLANCE MARKET BY HARDWARE, 2020-2027 (USD MILLION) 53
TABLE 37 ASIA-PACIFIC VIDEO SURVEILLANCE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 54
TABLE 38 CHINA VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 55
TABLE 39 CHINA VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 56
TABLE 40 CHINA VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56
TABLE 41 JAPAN VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 57
TABLE 42 JAPAN VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 58
TABLE 43 JAPAN VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 58
TABLE 44 INDIA VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 59
TABLE 45 INDIA VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 60
TABLE 46 INDIA VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60
TABLE 47 REST OF ASIA-PACIFIC VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 61
TABLE 48 REST OF ASIA-PACIFIC VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 62
TABLE 49 REST OF ASIA-PACIFIC VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 62
TABLE 50 REST OF THE WORLD (ROW) VIDEO SURVEILLANCE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 64
TABLE 51 REST OF THE WORLD (ROW) VIDEO SURVEILLANCE MARKET BY COMPONENT, 2020-2027 (USD MILLION) 65
TABLE 52 REST OF THE WORLD (ROW) VIDEO SURVEILLANCE MARKET BY HARDWARE, 2020-2027 (USD MILLION) 66
TABLE 53 REST OF THE WORLD (ROW) VIDEO SURVEILLANCE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 67
TABLE 54 MIDDLE EAST & AFRICA VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 68
TABLE 55 MIDDLE EAST & AFRICA VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 69
TABLE 56 MIDDLE EAST & AFRICA VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 69
TABLE 57 LATIN COUNTRIES VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2020-2027 (USD MILLION) 70
TABLE 58 LATIN COUNTRIES VIDEO SURVEILLANCE MARKET, BY HARDWARE, 2020-2027 (USD MILLION) 71
TABLE 59 LATIN COUNTRIES VIDEO SURVEILLANCE MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 71
 
10 List Of Figures
FIGURE 1 GLOBAL VIDEO SURVEILLANCE MARKET: DRIVERS & RESTRAINTS 11
FIGURE 2 VIDEO SURVEILLANCE: VALUE CHAIN 16
FIGURE 3 GLOBAL VIDEO SURVEILLANCE MARKET: PORTER’S FIVE FORCES ANALYSIS 17
FIGURE 4 GLOBAL VIDEO SURVEILLANCE MARKET BY COMPONENT, 2020-2027 (USD MILLION) 18
FIGURE 5 GLOBAL VIDEO SURVEILLANCE MARKET BY HARDWARE, 2020-2027 (USD MILLION) 19
FIGURE 6 GLOBAL VIDEO SURVEILLANCE MARKET, BY APPLICATION 2020-2027 (USD MILLION) 21
FIGURE 7 GLOBAL VIDEO SURVEILLANCE MARKET, BY REGION, 2020-2027 (USD MILLION) 25
FIGURE 8 NORTH AMERICA VIDEO SURVEILLANCE MARKET BY COUNTRY,2020-2027 (USD MILLION) 27
FIGURE 9 NORTH AMERICA VIDEO SURVEILLANCE MARKET BY COMPONENT, 2020-2027 (USD MILLION) 28
FIGURE 10 NORTH AMERICA VIDEO SURVEILLANCE MARKET BY HARDWARE, 2020-2027 (USD MILLION) 29
FIGURE 11 NORTH AMERICA VIDEO SURVEILLANCE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 30
FIGURE 12 EUROPE VIDEO SURVEILLANCE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 37
FIGURE 13 EUROPE VIDEO SURVEILLANCE MARKET BY COMPONENT, 2020-2027 (USD MILLION) 38
FIGURE 14 EUROPE VIDEO SURVEILLANCE MARKET BY HARDWARE, 2020-2027 (USD MILLION) 39
FIGURE 15 EUROPE VIDEO SURVEILLANCE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 40
FIGURE 16 ASIA-PACIFIC VIDEO SURVEILLANCE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 51
FIGURE 17 ASIA-PACIFIC VIDEO SURVEILLANCE MARKET BY COMPONENT, 2020-2027 (USD MILLION) 52
FIGURE 18 ASIA-PACIFIC VIDEO SURVEILLANCE MARKET BY HARDWARE, 2020-2027 (USD MILLION) 53
FIGURE 19 ASIA-PACIFIC VIDEO SURVEILLANCE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 54
FIGURE 20 REST OF THE WORLD (ROW) VIDEO SURVEILLANCE MARKET BY COUNTRY, 2020-2027 (USD MILLION) 63
FIGURE 21 REST OF THE WORLD (ROW) VIDEO SURVEILLANCE MARKET BY COMPONENT, 2020-2027 (USD MILLION) 64
FIGURE 22 REST OF THE WORLD (ROW) VIDEO SURVEILLANCE MARKET BY HARDWARE, 2020-2027 (USD MILLION) 65
FIGURE 23 REST OF THE WORLD (ROW) VIDEO SURVEILLANCE MARKET BY APPLICATION, 2020-2027 (USD MILLION) 66
FIGURE 24 GLOBAL VIDEO SURVEILLANCE KEY PLAYERS MARKET SHARE, 2020 (%) 72
FIGURE 25 GLOBAL VIDEO SURVEILLANCE MARKET STRUCTURE 92
FIGURE 26 MRFR RESEARH PROCESS 93
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Video Surveillance Market Overview
The Video Surveillance market is anticipated to grow at a high speed in the years to come. The market value was USD 28.52 billion in the year 2016. The mobile video surveillance market value is anticipated to reach up to USD 80 billion over the forecast period (2020-2023), with a CAGR of about 18.73%.
Video surveillance involves the use of video surveillance cameras to monitor any place such as homes or buildings, or people remotely. This is done to ensure that people, valuables, or the surroundings are safe. The global surveillance market has grown tremendously since it offers numerous benefits. Video camera surveillance is also cost-effective and can be done remotely, from anywhere.
This type of surveillance not only ensures the safety of people and surroundings but can also help you present solid evidence in case of unfortunate incidents. Moreover, the footage can help in investigating any incident or doubt. Every day, there are emerging video surveillance market such as 4k video quality, body-worn cameras, and audio recording solutions. These factors are driving the tremendous growth of the Video Surveillance market.
Covid-19 Analysis:
With the rise of the Covid-19 impact, many large-scale businesses and industries suffered, except healthcare and life support products. The lockdown and physical distancing protocol affected millions of small and big business institutions alike. Among them is the Video Surveillance Market which has been facing a downfall post-Covid-19. The market saw a 4% fall since 2019 when the pandemic started.
The business disruption was witnessed on both the demand and supply sides of the Video Surveillance market. However, the market did not see a drastic fall as most others did. Some key companies made a commendable profit during the pandemic. Moreover, the Covid-19 impact is estimated to fade very soon. So the market Video Surveillance market will recover from its fall by 2021 onwards.
Market Dynamics:
- Drivers:
Video cameras have evolved so much, with a lot of advancement and innovations. They can be found in compact smartphones and even wearable bands or even pens. Moreover, they are highly capable such as recording 4k quality videos. Even so, they can be fitted in compact devices and transmitted to remote devices wirelessly. Hence, the process of remote surveillance has been simplified enormously. These factors have led to the growth of the video surveillance market.
- Opportunities:
The pandemic has fueled the need for physical distancing and hence, contactless service solutions. Devices that involve surveillance cameras such as thermal screening cameras and face recognition systems are growing highly popular. These devices can be highly helpful in the healthcare sector and other public services. Moreover, surveillance cameras are widely used to monitor that the people ensure physical distancing and observe lockdown protocols. They can also be used for traffic surveillance, without the need for a policeman.
- Restraints:
As helpful as remote surveillance systems can be, a few factors may inhibit the growth of its global Video Surveillance market. Since surveillance cameras can be installed anywhere, they can be misused. They can also be remotely monitored and the footage can be transmitted wirelessly.
Total video surveillance systems may raise privacy issues. Moreover, since the footage can be remotely stored, it could be accessed by any unauthorized person. This may cause footage leaks or breaches. These are some of the restraints that may hinder the growth of the Video Surveillance market.
- Challenges:
The bandwidth needed for a video surveillance system depends on its image resolution, frame rate, and compression ratio. If there are many cameras, then the bandwidth usage will be more in that particular network. Live streaming of surveillance footage from cameras can utilize more bandwidth and cause technical glitches.
Likewise, higher resolution of video and frame rate may further fuel the bandwidth usage. For instance, a camera with a high frame rate may need up to 10 Mbps of bandwidth. Moreover, the network bandwidth and storage space are directly proportional to the number of cameras. In such cases, a higher bandwidth network leads to more cost, since they cost more.
Also, the rise in the number of cloud-storage users has made surveillance systems more vulnerable. They can easily be misused by unauthorized access or data leakage. Hence, these factors may be challenging to the surveillance system providers.
- Cumulative Growth Analysis:
The video surveillance system market value is anticipated to reach nearly USD 80 billion over the forecast period (2020-2023), with a CAGR of around 18.73%. The recorded market value of the Video Surveillance market was around USD 28.52 billion in 2016. Over the few years, the market value has increased commendably due to the high demand for remote monitoring solutions. Post-Covid-19, the market growth has seen a slight decline but is expected to recover from the year 2021.
- Technological Analysis:
Video Surveillance technology has seen several advancements, the most important of them being 3D virtualization. The advanced surveillance systems are equipped with motion sensors, fire detectors, access controls, camcorders, alarms, and other features. This makes them perfect for public surveillance. They can also be used for the workplace, neighborhood, building, or home video surveillance.
This type of surveillance system hardly faces any false alarm problem or other glitches. Hence, they can be used to monitor schools, houses, public or private spaces. These factors are also contributing to the growth of the global surveillance market.
Video Surveillance Market Segment Overview:
The global video surveillance market is classified into many segments such as by component, hardware, and application. Listed below are the remote surveillance market segments:
By Component:
- Software:
- Services:
- Hardware:
- Monitors
- Cameras
- Storage systems
By Application:
- Infrastructure
- Commercial
- Institutional
- Defense
- Residential
Video Surveillance Market Regional Analysis:
- Based on region, the Video Surveillance market is divided into North America, Europe, Asia Pacific, and Middle East & Africa. Among them, the Asia Pacific is estimated to be the fastest-growing region in the global video surveillance market forecast. This is because of the advanced network infrastructure and a large fraction of cloud services adoptions in the region. These factors accelerate the growth of the global market. However, North America is the leading region in terms of the global video surveillance market.
Competitive Landscape:
- The video surveillance industry is dominated by a few companies that play an important role in the growth of the market. These video surveillance companies are called key companies. They are responsible for the largest portion of the global market profit. The companies offer many new advanced trends and technology in remote surveillance solutions.
Video Surveillance Market Key Players:
- Below are the key companies that offer video surveillance technology in the global market, with the location of their headquarters:
- Axis Communications AB (Sweden)
- Panasonic System Networks Co. Ltd. (Japan)
- Honeywell Security Group (US)
- Bosch Security Systems Inc. (US)
- NICE System Ltd. (Israel)
- FLIR Systems Inc. (US)
- Zhejiang Dahua Technology Co. Ltd. (China)
- Hanwha Techwin Co. Ltd. (South Korea)
- Pelco (US)
- Hangzhou Hikvision Digital Technology Co. Ltd. (China)
- Avigilon Corporation (Canada)
Recent Developments:
- In 2015, the surveillance provider Zetron introduced an advanced video surveillance solution. This system permitted users to digitally watermark the surveillance footage and store them for reference or evidence. This solution caters to private and public surveillance needs alike.
- In July 2021, Bosch Security Systems Inc. launched the new surveillance camera, FLEXIDOME panoramic 5100i. This device comes in two models – outdoor and indoor. These cameras also deliver 6 or 12 mp resolution video with a fish-eye lens. It also has a built-in microphone for audio recording.
Report Overview:
- This research report compiles all the information about the growth of the global remote surveillance market over the forecast period. It also includes various sections of the Video Surveillance market to help obtain in-depth information such as opportunities, challenges, drivers, Covid-19 analysis, regional analysis, competitive landscape, and others. Moreover, all the information is gathered from verified primary and secondary sources to deliver the expected market growth of the industry by the year 2027.
Report Details:
- Historic Period: 2015-2020
- Base Year: 2021
- Forecast Period: 2022-2027
Geographically:
- Europe
- Asia-Pacific
- North America
- Middle East & Africa
- Latin America
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 80 Billion |
| CAGR | 18.73% |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Hardware, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | 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) |
| Key Market Opportunities | The video surveillance is gaining demand to meet the rising security demand for public safety. |
| Key Market Drivers |
|
Frequently Asked Questions (FAQ) :
The global video surveillance market valuation can USD 87 billion by 2023.
The global video surveillance market is expected to grow at 18.73% CAGR from 2017 to 2023.
Rapid response to incidents and demand for technology for prioritizing on public safety are major drivers of the global video surveillance market.
Infrastructure application can dominate the global video surveillance market.
North America can lead in the global video surveillance market.
Hanwha Techwin Co., Ltd., Panasonic System Networks Co., Ltd., Bosch Security Systems Inc., Honeywell Security Group, NICE System Ltd., Pelco, Zhejiang Dahua Technology Co., Ltd., Axis Communications AB, FLIR Systems Inc., Avigilon Corporation, and Hangzhou Hikvision Digital Technology Co., Ltd. are key players of the market.
