Security camera is the technique to provide security for
workplace and home. Along with, it provides video tapes of any occurrence
that may happen. On the back of reason like, increased crime rates,
urbanization and long hours out of home, the global security camera market is
anticipated to rise to USD 28 billion in the year 2016 and projected to expand with
compound annual growth rate CAGR of 9.2% through 2023. During 2016-2023, IP
security cameras is expected to showcase a steep rise due to surge in the
installation of IP cameras enabled with HD video.
Market
Size and Forecast
Gaining on the back of reasons like replacement demand,
increased security concerns in the cities during night, the North America
security camera market is projected to reach at USD 10 billion in the year
2021, with CAGR of 7.9%.
Following the same trend, Latin America and Mexico are the
major regions or markets for the security camera market. Mexico security
cameras market is projected to value at USD 460 million in coming three years.
Asia-Pacific accounted for 66% of installed security camera
in the year 2015 and the region is further forecasted to post 69% of installed
security cameras by 2023.
Market
Segmentation
By
Application
On the basis of application the global security cameras
market can be defined into:
·
Commercial
·
Institutional
·
Border security
·
City Infrastructure
·
Residential
·
Industrial
By Type
On the basis of type the global security cameras market is
segmented into:
·
Outdoor
·
Indoor
·
Outdoor with housing
By
Components
While studying the global security cameras the market is
segmented into:
·
Hardware
·
Software
·
Video Surveillance as a Service (VSaaS)
By Camera
Resolution
Depending upon the resolution, global security camera market
is segregated into:
·
HD
·
Non-HD
·
Full-HD
·
UHD
By
Feature
Based on the features, the global security camera market has
been studied and segmented into:
·
Fixed Cameras
·
Moving Cameras
·
Panoramic
By
Technology
Further based on the type of technology used, the global
security market is classified into:
·
Hybrid
·
IP
Growth
Drivers and challenges
Increasing penetration of security cameras in the various
sectors such as education, healthcare and commercial workplace are the main
drivers for the global security camera market.
Increase in terror activities in most of the European cities
and criminal activities are promoting the demand of security cameras thus
encouraging the growth of global security cameras market in the forecasted
years.
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.
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.
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries, conglomerates
and executives to take wise decisions for their future marketing strategy,
expansion and investment etc. We believe every business can expand to its new
horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
To know more information: https://www.researchnester.com/reports/global-video-surveillance-security-cameras-market-analysis-opportunity-outlook-2023/100
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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