The IP
Video Surveillance & VSaaS Market is expected to attain a
market size of $100.5 billion by
2023, growing at a CAGR of 30.4%
during the forecast period (2017 – 2023). IP Surveillance system has witnessed
a wide adoption in developed regions such as North America and Europe. The
developing market such as Asia-Pacific is also showcasing an inclination
towards IP surveillance system, owing to rising security concerns.
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The ongoing developments
in communication networks in this region have also fuelled the growth of the IP
surveillance systems. The other drivers such as technological innovations,
real-time access, integration of wireless technologies, video analytics,
affordability of IP surveillance systems, and government initiatives have
positively influenced the adoption of IP
surveillance technology. However, lack of awareness, privacy concerns and
hacking are some of the factors that have curtailed the adoption of IP
surveillance system. Lack of technological awareness among the population and uncertainty
in the government regulations is hindering the market growth to a certain
extent.
The report segments the
market based on the product type and application. The report covers the
different application area for the IP
surveillance system which includes retail, banking and financial
institutes, government, Entertainment and Casino, Manufacturing and Corporate,
Residential and Others. The others segment include IP surveillance application
in warehouse and educational institutes. The hardware devices are required for
building the IP surveillance system includes IP cameras, monitors and storage
devices. The different type of cloud based solution includes product software
and by deployment. The deployment of cloud solution could be done through one of
the following which includes public, private and hybrid cloud. Further, the
report categories the services market into two segments which include VSaaS and
integration services. The different types of VSaaS are hosted VSaaS, managed
VSaaS and hybrid VSaaS. During the installation, integration services are
required.
Based on region, IP Video Surveillance & VSaaS
market is segmented into North America (US, Canada, Mexico and Rest of North
America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of
Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia
and Rest of Asia-Pacific) and Latin America, Middle East & Africa. North
America remained the dominant region in the IP Video Surveillance & VSaaS
market in 2016. Asia-Pacific would witness promising CAGR during the forecast
period (2017-2023).
The report covers the
analysis of key stake holders of the IP
Video Surveillance & VSaaS market. Key companies profiled in the report
include Axis Communications AB, Panasonic Corporation, GeoVision Inc., Canon
Inc. (Milestone Systems A/S), Robert Bosch GmbH, Avigilon Corporation, Genetec
Inc., D-Link Corporation, Inc., Zhejiang Dahua Technology Co. Ltd. and Mobotix
AG.
Related Report: Video
Market Report
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