Contact
+1-614-588-8538 (Ext-101)
US/CAN Toll Free
sales@industryarc.com
Video Surveillance as a Service (VSaaS) and Video Analytics are two related
market segments in the Video Surveillance Market currently. To be described in
simple terms, the Video Surveillance System is a combination of both Software
and Hardware components which are used to capture and analyze video. Both
have some common and exclusive market players and the overall market is
growing due to increased government initiatives for surveillance and also due to
the rise in crime rate and security threats in all regions across the globe.
Surveillance systems can be as simple as a video camera or as complex as
biometric surveillance systems that respond to facial patterns or retina screens.
Electronic surveillance systems can also be used to track computer usage or
conduct data mining, or may simply be a human acting as a security guard. It is a
very dynamic industry.
The Global Video Surveillance Market generated revenue of $ 15.7 Billion in 2013
and is expected to cross $ 20 Billion by 2019, according to a new report from the
IndustryARC Research.
CCTV and Public Surveillance Market is expected to grow to $ 3.5 Billion by 2018
from around $ 1.6 Billion in 2013.
Mobile Video Surveillance is the latest entrant to the market with a growth rate
of around 18% with a market size of around $ 545 Million in 2013.
The Hardware Market, comprised of cameras, recorders, storage, encoders and
monitors, was valued at $9.49 Billion in 22 and is expected to grow at a CAGR of
17.3%. In 2012, the recorders and storage segment held the largest share of the
total hardware market at 37%.
North America was the largest market in terms of revenue generation in 2012
and accounted for around 35% share of this market. Asia Pacific followed with
roughly 31% share. The region is expected to be the fastest growing market
during the forecast period, growing at a CAGR of 23.4% and registering a market
size of $17.12 billion in 2019. Growth in the Asia Pacific market is mainly spurred
by demand from China.