[ad_1]
Dublin, October 18, 2022 /PRNewswire/ — “Video Surveillance Market by Offering (Hardware (Cameras, Storage Devices, Monitors), Software (Video Analytics, VMS), Services (VSaaS)), Systems (IP, Analog, Hybrid), Verticals and Geography “(North America, EuropeAPAC, RoW) – Global Forecast to 2027 report added of ResearchAndMarkets.com Recruitment.
video surveillance market US$48.7 billion Projected to reach in 2022 US$76.4 billion By 2027; it is expected to grow at a CAGR of 9.4% during the forecast period. IoT has made it easier to send and receive data over the internet, facilitating the use of video surveillance in smart cities. The integration of IoT, big data, and video surveillance is expected to improve operational and security needs in public spaces.
The market for video surveillance services will witness the highest CAGR during the forecast period.
A modern VMS has the ability to integrate a variety of software applications such as people counting, face recognition, license plate recognition, and more. Real-time video analytics can provide critical insight into events and activities across multiple industries. Especially his VSaaS video surveillance service market is booming because different cloud functions meet different requirements of end-users. In a cloud implementation, the VMS solution is accessed over the internet and hosted by a third party, his VMS provider. Video recording, control, and management are performed in the cloud. VSaaS is an attractive option as a service because it does not require storage devices such as network video recorders (NVRs), digital video recorders (DVRs), or hybrid recorders. This is a remote approach to a video surveillance system as opposed to an onsite video security system.
The dome camera market will hold the top share in 2021.
Dome security cameras are easily recognizable by their circular dome-shaped casing. Dome surveillance cameras are versatile and can be used in both indoor and outdoor settings, offering unmatched coverage for nearly any use case. The number of lenses that can be mounted on these cameras is limited based on the size of the dome. However, their low cost and relatively small size make them more popular than other types of cameras.
The market for hybrid VSaaS will grow at the highest CAGR during the forecast period.
Hybrid VSaaS increases redundancy by storing recorded data on the customer side and the service provider side. Hybrid services are adopted by commercial applications such as enterprises, retailers, and financial institutions to ensure greater data security, remote access, flexibility in adding devices, flexible payment structures, and scalability of data storage It has been. The demand to store data both on-premises and in the cloud is driving the rapid growth of the hybrid VSaaS market.
The retail store and mall segment will grow at the highest CAGR in the commercial video surveillance market during the forecast period.
The market for video surveillance throughout retail stores and malls is expected to grow at the highest CAGR during the forecast period. The retail sector implements surveillance systems to prevent theft, flash robbery, and organized crime throughout its stores. Physical surveillance has certain limitations, so large retail stores covering large areas require more automated surveillance. This further emphasizes the importance of video surveillance systems in retail stores.
Extensive primary interviews were conducted with leading industry experts in the video surveillance market space in the process of determining and validating the market size for several segments and sub-segments gleaned through secondary research.
market dynamics
driver
- low investment cost
- Growing demand for real-time monitoring data
- Flexible scalability provided by VSaaS
Restraint
- Privacy and security concerns regarding data usage
chance
- VSaaS integration with access control and alarm systems
- Increased use of smart devices
- Rise of big data, IoT and smart cities
- COVID-19 Increases Demand Across Commercial Sectors
Task
- Lack of awareness of the benefits of VSaaS
Main topics:
1.First of all
2 Survey method
3 Executive Summary
4 Premium Insights
5 Market Overview
6 VSaaS Market, By Type
7 VSaaS Market, By Vertical
8 Regional Analysis
9 Competitive environment
10 Company profile
11 Appendix
companies mentioned
- 3D Eye Co., Ltd.
- ADT
- alarm.com
- Arcules Co., Ltd.
- Arlo Technologies Co., Ltd.
- Avigilon Corporation, Motorola Solutions Company
- axis communication ab
- Bosch Sicherheitssysteme GmbH
- cam cloud
- camio
- Comcast Corporation
- Duran Company
- Eagle Eye Networks Co., Ltd.
- Genetech Co., Ltd.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International Inc.
- Iroyun
- Evidon
- Johnson Controls
- Mobotix Ag
- Morphean Sa
- Pacific Controls
- Securitas Abu
- Solink Co., Ltd.
- Belcada Co., Ltd.
- Vivint Smart Home, Inc.
For more information on this report, please visit https://www.researchandmarkets.com/r/hvls24.
Media contact:
research and market
Laura WoodSenior Manager
[email protected]
For EST office hours, please call +1-917-300-0470.
US/Canada Toll Free +1-800-526-8630
For GMT office hours, please call +353-1-416-8900.
US Fax: 646-607-1904
Fax (outside US): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Market
[ad_2]
Source link
