Wireless Monitoring & Surveillance – Industry Insights
In the last couple of years, the need for better & efficient security measures for commercial spaces has risen dramatically. Owing to this demand the global surveillance & security industry has seen development. As the leading market observes progression, the smaller businesses too start evolving and establishing themselves. Wireless monitoring & surveillance market is one of the best examples of this fact. Recently, the demand for this product has gone up substantially which is why Market Research Future decided to issue a study report which was titled ‘Wireless Monitoring & Surveillance Market.’ This report mentions that this market will grow exponentially throughout the projection period of 2017-2027.
Wireless monitoring & surveillance tools can efficiently help in enhancing the security measures of any given professional space. One of the most beneficial features it offers is that it can reach places where it is difficult to use cables. Some of the significant advantages of using these systems are better quality, comprehensive coverage range, and better security.
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At present, most of the enterprise owners in the commercial sector are looking to upgrade their security to optimal levels. Observing this fact, the experts of MRFR have predicted that this market will expand enormously during the forecast period. It is anticipated to grow at a higher CAGR, and furthermore, the estimated revenue return figures also look quite promising.
The increased need for efficient and feasible security management in the commercial sector happens to be the chief growth driver for this market. The rapid advancement of the network video market and innovative government initiatives in favor of this technology further positively influence the market’s progress.
However, the market may come across certain minor hurdles like limited central monitoring station and expensive territory that could act as hindrances. The stakeholders are working towards rectifying this issue and very soon a plausible solution will be found.
Key Players:
Some of the major players in Global Wireless Monitoring and Surveillance Market include Honeywell (U.S.), Axis communications (Sweden), Bosch security systems (Germany), Cisco systems (U.S.), Micropower technologies (U.S.), Pelco (U.S.), Aruba networks (U.S.), Panasonic Corporation (Japan), and D-link (U.S.) Corporation among others.
Market Segmentation
The research report titled ‘Wireless Monitoring & Surveillance Market’ issue by Market Research Future provides profound insights into various sections of the market. One of the most imperative amongst them is the segmental analysis.
- By component – Network nodes, servers, monitoring stations and digital cameras.
- By end users – Banks & financial institutions, transportation, government bodies (municipalities, law enforcement, and military), shopping malls & complexes and educational institutes.
- By technology – IP technologies and video.
Industry News:
- Bosch Group has announced in June 2016 about its partnership with Protectas SA which is a leading security company of Sweden to provide better remote video monitoring services to the customers.
- Honeywell, one of the leaders in wireless connectivity has announced in February, 2016 about its new development Micro RAE gas monitor which is industry’s first wireless 4-gas monitor that can work with all types of wireless communication protocol. The product need to be connected to smartphone to transmit gas which is been used to read over a cellular network
Objective of Wireless Monitoring and Surveillance Market Study:
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Wireless Monitoring and Surveillance Market.
- To provide insights about factors affecting the market growth.
- To Analyze the Wireless Monitoring and Surveillance Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc. To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by type, applications and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Wireless Monitoring and Surveillance Market.
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Comprehensive Regional Analysis
Some of the central regions that observe its presence are North America, Europe, Asia Pacific and Rest of the World.
After an extensive analysis of the regional trends of all the regions above, the research analysts of MRFR concluded that North America governed the market from a geographical point of view. High adoption rate coupled with the rapid advancement of the security industry in this area drive the growth of this market.
Europe comes second in line and holds the second most significant market share. It is expected to be the fastest growing region and will move ahead at an impressive CAGR throughout the forecast period.
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