Global IP Video Surveillance and VSaaS Market is valued approximately at USD 20.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 12.9% over the forecast period 2020-2026. Due to Covid-19 pandemic, IP Video Surveillance and VSaaS market are facing challenges because temporary shutdown of manufacturing and industrial sector as well as government protocols to stay at home. A video surveillance system captures images and videos that can be stored, compressed, or sent over communication networks. The advancements made by machine learning, rising adoption of artificial intelligence for video surveillance and VSaaS, Rise in transition from analog to IP surveillance cameras, integration of IoT in surveillance cameras and rise in need of safety in high-risk areas are the few factors responsible for growth of the market over the forecast period. Furthermore, introduction of innovative products and other strategic alliance by various market player will create a lucrative demand for this market. For instance, as per company’s news release in April 2019, Axis Communications AB launched Axis A8207-VE network video door station, an all in one product combining video surveillance, door communication and an integrated RFID (radio frequency identification) reader for access control in a single, easy to manage device. However, high investment and lack of professional expertise in handling IP cameras is the major factor restraining the growth of global IP Video Surveillance and VSaaS market during the forecast period.
The regional analysis of global IP Video Surveillance and VSaaS market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026.
Major market player included in this report are:
Avigilon (Motorola Solutions)
Axis Communications AB
Bosch Security Systems GMBH (Robert Bosch GMBH)
Dahua Technology Co., Ltd.
D-Link Corporation
Hangzhou Hikvision Digital Technology Co., Ltd.
Honeywell Security (Honeywell International Inc.)
The Infinova Group
Panasonic Corporation
Pelco (Schneider Electric)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Hardware
Software
Cloud-Based Solutions
Services
By Application:
Banking & Financial Sector
Retail
Government & Higher Security
Manufacturing & Corporate
Residential
Entertainment
Healthcare
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global IP Video Surveillance and VSaaS Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
