- Key Companies Profiled are Avigilon Corporation, BCDVideo,
Bosch GmbH, Dahua Technology Co., Ltd., Axis Communications AB,
Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell
International, Inc., Huawei Technologies Co., Ltd., Panasonic
Corporation, Pelco, FLIR Systems, Inc.
PUNE, India, June 1, 2020 /PRNewswire/ -- The global video
surveillance market is likely to gain momentum from the increasing
usage of deep learning technology. It helps in lowering calibration
of algorithms and facilitating video analytics. Therefore, it is
capable of driving the usage of video surveillance software in the
near future. This information is given in a recently published
report by Fortune Business Insights™, titled, "Video
Surveillance Market Size, Share & COVID-19 Impact Analysis, By
Component (Hardware, Software, and Video Surveillance as a Service
(VSaaS)), By End-User (Commercial, Industrial, Residential and
Government), and Regional Forecast, 2019-2026."."
The report further mentions that that the market size was
USD 19.12 billion in 2018 and
is projected to reach USD 33.60
billion by 2026, exhibiting a CAGR of 6.8% during
the forecast period.
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The emergence of COVID-19 has brought the world to a standstill.
We understand that this health crisis has brought an unprecedented
impact on businesses across industries. However, this too shall
pass. Rising support from governments and several companies can
help in the fight against this highly contagious disease. There are
some industries that are struggling and some are thriving. Overall,
almost every sector is anticipated to be impacted by the
pandemic.
We are taking continuous efforts to help your business sustain
and grow during COVID-19 pandemics. Based on our experience and
expertise, we will offer you an impact analysis of coronavirus
outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of
COVID-19 on this market.
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This Report Answers the Following Questions:
- What are the video surveillance market trends, growth drivers,
and hindrances?
- How will the market be impacted in the future?
- What are the opportunities and challenges that the market may
come across in the coming years?
- Which region is likely to lead the market by generating maximum
revenue?
- Which strategies are being adopted by key players to augment
sales?
Drivers-
Increasing Smart City Initiatives to Skyrocket Demand
The rising adoption of artificial intelligence (AI) worldwide is
one of the major video surveillance market growth drivers. The
Carnegie Endowment for the International Peace Organization
published a paper in 2019 which states that out of the total 176
countries, 75 of them are using AI for surveillance purposes, such
as smart citing, facial recognition systems, and more. It proves
that the rising development of facial recognition applications and
smart city initiatives by several regions would contribute to the
market growth.
Restraints-
Outbreak of COVID-19 Pandemic to Hamper Growth
In December 2019, as the outbreak
of Covid-19 started in Wuhan,
China began showcasing a reduction in production backed by
the lack of man-power. It is because China is considered to be a major hub for the
production of video surveillance equipment. In addition to that,
the local demand for this type of equipment is likely to lower as
every country is currently emphasizing on controlling the pandemic.
Almost every region, such as Asia
Pacific and North America
are under lockdown. It would affect the cross-border and domestic
transportation and logistics of video surveillance systems, such as
system-on-chip devices and CMOS sensors. If the pandemic is
controlled, it would have a considerable impact on the market. If
not, then it can obstruct growth for a long time period.
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Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/video-surveillance-market-102673
Fortune Business Insights™ lists out the names of all the companies
present in the Video Surveillance Market. They are as
follows:
- Avigilon Corporation
- BCDVideo
- Bosch GmbH
- Dahua Technology Co., Ltd.
- Axis Communications AB
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International, Inc.
- Huawei Technologies Co., Ltd.
- Panasonic Corporation
- Pelco
- FLIR Systems, Inc.
Quick Buy – Video
Surveillance Market Research
Report: https://www.fortunebusinessinsights.com/checkout-page/102673
Detailed Table of Content
1.
Introduction
|
1.1. Definition, By
Segment
|
1.2. Research
Approach
|
1.3.
Sources
|
2.
Executive Summary
|
3.
Market Dynamics
|
3.1. Drivers,
Restraints and Opportunities
|
3.2. Emerging
Trends
|
4.
Key Insights
|
4.1. Macro and Micro
Economic Indicators
|
4.2. Consolidated SWOT
Analysis of Key Players
|
4.3. Porter's Five
Forces Analysis
4.4. COVID-19 Impact
Analysis
|
5.
Global Video Surveillance Market Analysis, Insights and
Forecast, 2015-2026
|
5.1. Key Findings /
Summary
|
5.2. Market Size
Estimates and Forecasts
|
5.2.1. By
Component (Value)
|
5.2.1.1.
Hardware
|
5.2.1.1.1.
Camera
|
5.2.1.1.1.1.Hybrid
Camera
|
5.2.1.1.1.2.Analog
Camera
|
5.2.1.1.1.3.IP
Camera
|
5.2.1.1.2. Storage
Devices
|
5.2.1.1.3.
Others
|
5.2.1.2.
Software
|
5.2.1.2.1. Video
Management Software
|
5.2.1.2.2. Video
Analytics Software
|
5.2.1.3. Video as a
Service (VSaaS)
|
5.2.2. By End-User
(Value)
|
5.2.2.1.
Commercial
|
5.2.2.2.
Industrial
|
5.2.2.3.
Residential
|
5.2.2.4.
Government
|
5.2.3. By
Geography (Value)
|
5.2.3.1. North
America
|
5.2.3.2.
Europe
|
5.2.3.3. Asia
Pacific
|
5.2.3.4. Middle East
and Africa
|
5.2.3.5. Latin
America
|
TOC Continued...!!!
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