IP Video Surveillance Global Market – Overview
Internet protocol (IP) video surveillance comprise of networked and digitized video monitoring. It is also referred as an advanced version of traditional, closed-circuit CCTV cameras. Rising crime rate and growing awareness regarding the benefits of IP systems, technological advancement ,usage of high-definition cameras are major factors fuelling the growth of IP video surveillance market. The benefits of IP cameras such as scalability, flexibility and reliability is aiding the demand for IP video surveillance market. According to a recent study report published by the Market Research Future, the global market of IP Video Surveillance is booming and expected to gain prominence over the forecast period.
The Global IP Video Surveillance Market is expected to grow at 12.42% CAGR, witnessing substantial growth during the forecast period. The market was valued at USD 11.22 billion in 2016 and is expected to reach USD 25.46 billion by 2023. North America accounted for the most substantial market value of USD 4,331.15 million in 2016; the market is expected to register a CAGR of 11.19% during the forecast period.
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The key aspects impacting the IP video surveillance market is the real time access and monitoring. This features enables the user by providing a real time view of the installed location, through which they can receive real time alerts via messages and e-mails. It provides access into real time data via web portals, smartphones, tablets and other gadgets. The ever rising security concern in commercial and residential areas, results in adopting of advanced surveillance systems to protect their indoor and outdoor assets.
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.
IP Video Surveillance Global Market – Segmentation
The IP Video Surveillance Market can be classified into 3 key segments for the convenience of the report and enhanced understanding;
- Segmentation by Component: Comprises hardware and software.
- Segmentation by Application: Comprises BFSI, government, manufacturing, healthcare, retail and others.
- Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
IP Video Surveillance Global Market – Regional Analysis
North America region accounts for highest market share in IP Video Surveillance market owing to presence of major players in the region and adoption of IP Video Surveillance solution by small and large enterprises. The increasing competition among IP camera vendors, rising security concerns and growing disposable income of people is further boosting the market growth. Asia Pacific region is expected to be growing at the highest CAGR. Owing to factors such as increasing population, establishment of major IT companies, and increasing threat issues are some of the major aspects driving growth in the market.
Industry News
October 26, 2017– Hangzhou Hikvision Digital Technology Co., Ltd. a leading provider of IP video surveillance system, has entered into partnership with JVSG to enhance surveillance system design.
October 31, 2017– Hikvision is recognized as, the world’s leading manufacturers of innovative video surveillance products and solutions. The company has launched world’s first Deep Learning NVRs, that will be seen in new series of IP cameras.
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TABLE OF CONTENTS
1 Executive Summary
2 Market Dynamics
2.1 Market Growth Factors
2.1.1 Advancement In IP-Based Technology
2.1.2 Increasing Demand For Real Time Video Access
2.1.3 Demand For Reducing The Complexity Of Cabling
2.1.4 The Rising Demands Of Public Safety
2.2 Market Restraints
2.2.1 Lack Of Huge Network Bandwidth For Video Streaming
2.2.2 Privacy Issues
2.3 Market Opportunities
2.3.1 Emerging Smart City Projects
2.4 IP Video Surveillance Market Supply Chain
2.5 Porter’s Five Forces Analysis
3 Global IP Video Surveillance Market, By Component
3.1 Introduction
3.2 Sub-Segment
3.2.1 Hardware
3.2.2 Software
3.2.2 Services
Continued…
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