IP Video Surveillance Market Research Report - Global Forecast till 2023
Market Highlights
Market
Research Future (MRFR), in its new research report, states that the global IP
video surveillance market is lucrative and expected to grow exponentially by
2022, recording a striking CAGR throughout the forecast period 2015-2022. MRFR
also predicts that the IP video surveillance market might reach approximately
USD 25.46 billion by 2023_ registering approximately 12.42% CAGR throughout the
period.
Drivers and Restraints
The
IP video surveillance is a cutting edge of surveillance technology. The IP
video surveillance is connected to a wireless network in which video
surveillance can be installed virtually anywhere without cabling. The past
decade has observed significant growth in IP video surveillance. Increasing demand
for real-time video access, advancement in IP-based technology, the rising
requirements of public safety, and the need for reducing the complexity of
cabling are driving IP video surveillance. Furthermore, emerging smart city
projects will create opportunities for market players during the forecast
period.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2929
Segmentation:
The
global IP Video Surveillance market is analyzed on the basis of component and
application. Based on the component, the IP video surveillance market is
bifurcated into hardware and software. The hardware component comprises of
monitors, cameras, and servers. The software component comprises of video
analytics and video management. The further hardware segment is divided
into monitors, cameras, and servers. And the software segment is categorized as
video analytics and video management. The hardware segment accounted for the
largest market share in the past few years and is slated to record a
market value of USD 6,138.91 million during the forecast period. The
software segment is the second-highest valued segment and is poised to register
a high CAGR of 15% during the forecast period.
ON
the basis of application, the IP Video Surveillance market has been segmented
into retail monitors, government, BFSI, healthcare, manufacturing, and others.
Regional
Analysis
The
global IP Video Surveillance market, on the basis of the region, is segmented
into four major regions, namely, North America, Europe, Asia Pacific, and Rest
of the World. As compared to other regions, the IP Video Surveillance market in
North America is expected to observe significant growth and hold the largest
market share during the forecast period. U.S and Canada are poised to drive the
growth of the North American IP video surveillance market owing to the presence
of a large number of established market players. North America also has
well-established infrastructure, which enables the higher penetration of
devices and ultimately provides better connectivity. The increasing the need
for innovations and advancements in technology are other major factors
accountable for the growth of the IP Video Surveillance market.
In
the global IP Video Surveillance market, Asia Pacific is anticipated to exhibit
a relatively faster adoption at the highest CAGR during the review period as
compared to other regions owing to the enhanced growth of telecommunication and
IT infrastructure, emerging economies, and technological advancement in IP
video surveillance in the region.
Competitive
Analysis
The
major market players operating in the global market as identified by MRFR
are Hangzhou Hikvision Digital Technology Co.,
Ltd (China), Microsemi Corporation (US), Bosch Security
Systems Inc. (Germany), Netgear, Inc. (the US), Cisco
Systems, Inc. (the US), Panasonic System Networks Co.,
Ltd. (Japan), Axis Communications AB. (Sweden), Avigilon Corporation
(Columbia), D-Link Corporation Incorporated (Taiwan), Genetec Inc. (Taiwan),
The Infinova Group (US), and Geovision Inc. (Taiwan).
The
major market players are expected to invest heavily in research and development
activities for the smooth incorporation of latest technological advancements in
their products. Moreover, the market is poised to witness profitable business
strategies such as mergers, joint ventures, acquisitions, partnerships, among
others, which are expected to sustain the competitive dynamics of the market
over the review period.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/ip-video-surveillance-market-2929
Global
IP Video Surveillance Market Research Report: Information by Component
(Hardware and Software), by Application (BFSI, Government, Manufacturing,
Healthcare, Retail and others), by Region - Forecast till 2023
About Market Research Future:
At Market Research
Future (MRFR), we enable
our customers to unravel the complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact:
Market Research Future
+1 646 845 9312
No comments:
Post a Comment