Increase in need for safety in risk-prone areas, transition from analog surveillance to IP cameras, and integration of IoT in surveillance cameras drive the global video surveillance market. However, high investments, scarcity of skilled professional in handling IP cameras, and surge in privacy concerns hinder the market growth. On the other hand, trend of smart cities development and rise in adoption toward spy and hidden cameras create new opportunities in the coming years.
According to the report, the global video surveillance industry garnered $42.94 billion in 2019, and is estimated to reach $144.85 billion by 2027, growing at a CAGR of 14.6% from 2020 to 2027.
Covid-19 scenario
- Countries such as China, India, Israel, Singapore, and others have been utilizing mass surveillance tools to track spread COVID-19 and quarantined patients.
- Strict video surveillance at hotspots and containment zones with the help of drones and CCTV cameras will play an important role in maintaining law and order during lockdown.
- Many experts have questioned the privacy and security of data collected from various video surveillance tools.
The IP surveillance segment to maintain its lead position by 2027
Based on system type, the IP surveillance segment accounted for the largest market share in 2019, holding more than half of the global video surveillance market, and is estimated to maintain its lead position during the forecast period. This is attributed to surge in adoption of network cameras. However, the hybrid surveillance segment is estimated to maintain the highest CAGR of 17.5% from 2020 to 2027, owing to increase in hybrid recorder demand.
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The commercial segment to maintain its dominant share during the forecast period
Based on application, the commercial segment accounted for nearly one-fourth of the global video surveillance market in 2019, and is projected to maintain its dominant share during the forecast period. This is due to increase in demand for safety in commercial spaces. However, the infrastructure segment would grow at the fastest CAGR of 18.7% from 2020 to 2027, owing to emergence of remote monitoring.
Asia-Pacific to dominate, North America to follow
Based on region, Asia-Pacific accounted for nearly half of the global video surveillance market in 2019, and is estimated to maintain its dominant position by 2027. Moreover, this region is estimated to maintain the highest CAGR of 16.7% from 2020 to 2027. This is attributed to increase in security concerns, trend of smart city development, and urbanization in the countries such as India. However, North America contributed the second-highest market share in 2019, and will maintain its position by 2027.
Market players grabbing the largest pie
- HKVISION, Ltd.
- Bosch Security System
- Honeywell Security Group
- Dahua Technology
- FLIR
- Panasonic
- Avigilon
- Axis Communication
- Infinova
- Pelco
Excellent security commercial CCTV cameras provide a balance between video quality, value, and performance.
Some systems require a hardware connection, while others use wireless connections.
Many business CCTV systems record in 1080p HD or 4K UHD, to capture as much detail as possible.
The commercial CCTV camera installation is the best to choose a system with built-in infrared lighting or integrated spotlights for recording in dim, dark, or pitch-black environments Whether you need 24 hrs recording.
Likewise, it is important to check if the system you are interested in is rated for indoor, outdoor, or mixed environment use.https://cctvcamera.ae/blog/top-commercial-cctv-2021.php
All of them vary in terms of price, features, and quality.
Help to keep your family members and property secureThese days you cannot trust anyone to take care of your family members and property as anyone can betray you and harm your property.
To ensure their safety, you need to install CCTV cameras at your house or office.2.
Reduce the risk of theft at your propertyHave you ever imagined what will happen if Somebody t breaks in at your property and steal your valuable things when you are out of your house?
To avoid this, it is essential to have CCTV cameras installed ay your property.Factors to Consider while Choosing the Best CCTV Surveillance SystemWhile choosing the suitable surveillance system installation in Atlanta, you need to look for the following factors:1.
ResolutionThis is the most crucial feature you should consider.
