Lucintel's latest market report analyzed that video surveillance provides attractive opportunities in the commercial, government, transportation, and residential sector. The video surveillance market is expected to reach $61.1 billion by 2025 with a CAGR of 10.2%. In this market, IP is the largest segment by system type, whereas commercial is largest by end use industry. The advanced 360-degree camera technology, utilization of Vizsafe platform services, and enhanced camera capabilities for video management systems provides strategic growth path in this market.
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Based on system type, the video surveillance market is segmented into analog, IP, and others. The IP segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period due to growing development of smart city and smart home applications. Additionally, technological innovations, real-time access, integration of wireless technologies, video analytics, and affordability are the factors driving the growth of the IP camera market.
Browse in-depth TOC on “Video Surveillance Market”
88 – Tables
103 – Figures
195 – Pages
The video surveillance market is marked by the presence of several big and small players. Some of the prominent players offering video surveillance include Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd, Bosch Security Systems, Honeywell International Inc., and Axis Communication among others.
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