By Credence Research
Video Surveillance Equipment and Services Market (component – hardware, software
Video surveillance equipment and service markets have been mainly driven by increasing the need for securing various buildings, sites
Other factors such as technological advancements in cameras and growing applications in video analytics have opened new ways to the video surveillance market worldwide. End-use industries including banking and finance, commercial, government, residential, retail, hospitality, and sports and events use video surveillance systems to provide public monitoring and security. Deteriorating costs of network or IP-based cameras and the emergence of video surveillance in the form of
Some factors that limit the development of the security cameras market included lack of technical awareness among consumers and high initial costs. Despite the decline in the cost of network cameras, in most developing countries, customers are not yet to deploy video surveillance solutions in their premises. Apart from this, due to lack of technical awareness among consumers, there has been limited popularity of video surveillance systems among various business owners in emerging markets. However, after the increase of cheap cameras and adoption of video surveillance as a service (VSAS), the overall video surveillance market is expected to have a strong demand in the coming years. The overall video surveillance market is expected to grow stronger throughout the world during the forecast period.
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