Video Surveillance Market - Industry Analysis, Size, Share, Growth, Trends and Forecast – 2023
Overview
The video
surveillance market is anticipated to grow by
US$87 billion by 2023 rapidly growing at a CAGR of 18.73% during the forecast
period 2017 to 2023. The global video surveillance market is driven by
increasing demand for solutions which can be used in rapid response to incidents
and can increase efficiency of those monitoring events. These factors have
helped shape the video surveillance market and are expected to boost the
growth. Companies in the video surveillance market could also face challenges
such as availability of cheap substitutes and stringent rules. The details
covered in the video surveillance market report cover all the aspects of the
industry. Analysts studying the video surveillance market have also shared
growth projections in the report and have suggested video surveillance market
players to plan business strategies accordingly.
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Market Segmentation
The global video surveillance market has been segmented based on
components, hardware, and applications. On the basis of components, the market
for video surveillance is segmented based on hardware, software, services.
Additionally, the market on the basis of hardware, is segmented into camera and
storage systems. The global market for video surveillance is also covered based
on applications segment which is further split into commercial, defense,
infrastructure, and residential.
Factors like enterprises giving more priority to safety and
security as well as demand for public safety and security through highly
advanced technology support the video surveillance market growth. The
performance of the video surveillance market has also been studied for the past
and current years. Additionally, the video surveillance market report provides
analysis of these segments. The video surveillance market segmental analysis
provided in the report offers major details about the video surveillance market
based on the data and forecasts till 2023.
Regional Overview
Companies in the video surveillance market are spread across the
world. The video surveillance market report provides major information about
regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of
the world. The North American video surveillance market has many companies
across the United States, Canada, and Mexico. The video surveillance market of
the Middle East, Africa, and other regions has also been studied by analysts.
The regional analysis of the video surveillance market can be found in the
market research report. Europe has companies in the video surveillance market
across Germany, France, Spain, Italy, and the United Kingdom. A detailed
analysis of the video surveillance market across India, China, and Japan in the
Asia-Pacific region is also presented in the report.
Competitive Landscape
The video surveillance market is supported by use of technology
and automation in surveillance as well as security and safety areas across different
industries. The population growth around the world and increasing demand of
video surveillance market based services and products also support the market
growth. However, the video surveillance market growth can be affected due to
high cost of equipment and the rise of inexperienced companies in the
unorganized sector. The report covers all such details which will help
companies in the video surveillance market to strengthen their business plan
and improve their product portfolio. The video surveillance market research
report also provides company profiles of major companies. The company profiles
of many organizations operating in the video surveillance market report
highlights crucial details like company size, revenue growth, and details of
mergers and acquisitions taking place in the video surveillance market. New
companies and established businesses can plan their strategies based on this
data provided in the video surveillance market research report.
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Industry News
Magal Security Systems recently completed its acquisition of the
full capital stock of E.S.C. BAZ, an Israeli-based organization committed to
the design and deployment of military-grade intelligent security video
monitoring and surveillance systems. Magal utilized its option to purchase the
outstanding share capital from the promoter and acting General Manager of BAZ,
Benny Zviran.
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