“Global
Video Surveillance Security Cameras Market Analysis & Opportunity Outlook
2021”
The global video surveillance
security cameras market is segmented by type such as commercial, institutional,
border security, city infrastructure, residential and industrial. Among these
segments, commercial segment has great potential to adopt video surveillance
security cameras during the forecast period. The expansion of the commercial
segment can be attributed to wide application of security cameras such as to
prevent burglary, assault and car theft at public places. Moreover, video
surveillance security cameras are perfect solutions to deter problems such as
vandalism, drug use, drunkenness, racial harassment, sexual harassment and
others.
Global video surveillance
security cameras market is expected to register a 9.2% CAGR over the forecast period.
Moreover, the global video surveillance security cameras market was valued at USD
28 Billion in 2016 and is expected to reach at notable revenue by the end of
2021. The market is expected to expand on the back of increasing capital
investment on CCTV systems in order to put a stop to social crimes at public
and residential places.
The outdoor segment by type is likely
to experience major demand during the forecast period. Rising incidents of
burglary, vandalizing, theft and other crimes in residential and
commercial buildings has led consumers to install video
surveillance security cameras in order to keep an eye on their
property and to reduce the fear of crime.
Public safety concerns
Factors related to public safety concerns such as rising
burglary, social crimes, broken traffic laws and thefts are driving the growth of
global video surveillance security cameras market. Further, increased
concern regarding public safety has led governments to spend high capital on
installation CCTV systems at public places such as highways, streets, market
and other public places is a major factor which is anticipated to bolster the
growth of video surveillance security cameras market over the forecast period.
Increasing crime
across the globe
Video surveillance security
cameras have been significantly contributed in the prevention of crime across
the globe. Further, rising need to reduce crime, to improve public safety, to
reduce the fear of crime and to improve property security is likely to drive
the growth of video surveillance security cameras market at considerable pace
during the forecasted period.
Although, Lack of skilled
workforce to manage security cameras, lack of standardized security cameras,
not much hindrance from government on manufacturing security cameras and
related are few of the major factors which are believed to dampen the growth of
global security cameras market in the future.
The
report titled “Global
Video Surveillance Security Cameras Market Analysis & Opportunity Outlook
2021” delivers
detailed overview of the global video surveillance security cameras market in
terms of market segmentation by application, by type, by component, by camera
resolution, by feature, by technology and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth drivers,
restraints, supply and demand risk, market attractiveness, BPS analysis and
Porter’s five force model.
This report also provides the
existing competitive scenario of some of the key players of the global video
surveillance security cameras market which includes company profiling of Panasonic Corporation, Samsung Techwin, Arecont
Vision Llc, Honeywell International Inc., Bosch Security Systems and Canon Inc.
The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global video
surveillance security cameras market that will help industry consultants,
equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected
trends in the future.
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