Articles

Overview of the Global Video Surveillance Market

October, 2019

Video surveillance is an integral part of the security industry that assists in the protection of assets, facilities, and individuals. The video surveillance industry is around 30 years old and has witnessed a series of technological changes in terms of camera technology, content delivery, and transmission modes. Currently, the market for video surveillance is driven by increasing private & public security concerns along with the technology shift and changing business models. Earlier, only large entities were able to afford IP video surveillance; but due to the declining price of IP cameras and the proliferation of IP networks, the video surveillance industry is rapidly moving out from analog to IP network surveillance infrastructure as IP surveillance enhances the traditional monitoring and post-event investigation practices.

Video surveillance has become virtually ubiquitous and essential for government organizations, businesses, and residential infrastructure. Recent technological advancements, i.e., Big Data, IoT, and analytics, have helped to develop various use-cases created on video processing-based surveillance, including action recognition, crowd analysis, traffic monitoring, facial surveillance, and number plate recognition. These expanding use-cases of video surveillance solutions have resulted in the ongoing transition toward advanced video surveillance infrastructure in terms of data storage, processing transmission, and end-point devices (cameras).

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In terms of hardware, the global video surveillance market is segmented into network security cameras, network video recorders (NVRs), HD CCTV cameras, HD CCTV recorders, analog security cameras & DVRs, monitors, and others. The network security cameras segment dominated in 2018, contributing to XX% of the hardware market share and is anticipated to remain dominant throughout the forecast period. The penetration of network cameras is expected to increase significantly during the forecast period, mainly due to the increasing preference for video surveillance solutions with remote monitoring capabilities.

Network security cameras are commonly referred to as IP cameras that have unique IP addresses and transmit the content over an IP network. This segment includes both wired and wireless network cameras used in surveillance applications. A growing trend of customer migration from analog to IP-based surveillance system is the key factor contributing to the increasing demand for network surveillance cameras during the forecast period. Additionally, when compared to analog cameras, IP cameras offer superior performance in terms of resolution, flexibility, and scalability. Moreover, due to increasing interest on integrating analytics into the video surveillance systems, the demand for high-end network surveillance cameras with advanced functionalities, i.e., intrusion detection, higher zoom performance, and image processing capabilities, is increasing across verticals, which is, in turn, fueling the growth of the video surveillance market during the forecast period.

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Few of the prominent players in the global video surveillance market include HANGZHOU HIKROBOT TECHNOLOGY CO., LTD., Axis Communications, Robert Bosch GmbH, Dahua Technology Co., Ltd., Motorola Solutions, Inc. (Avigilon), IDIS Ltd., Panasonic Corporation, IndigoVision, VIVOTEK Inc., and Dynacolor, Inc.

– Delsingh Bright
Electronics & Semiconductors – Senior Research Analyst
Infoholic Research