The competition in
the global video surveillance and VSaaS market is forecast to remain
intense in the coming years. Besides the presence of several
established and local enterprises, the market exhibits considerable
opportunities for emerging players, finds Transparency Market
Research (TMR) in a new study. This will however result in fiercer
competitive rivalry among companies operating in the global video
surveillance and VSaaS market. Thus to remain ahead of the curve,
players are inclined towards partnerships and strategic
collaborations. These could help them gain advanced technologies,
besides offering distribution channel advantages.
Hangzhou Hikvision
Digital Technology Co. Ltd., Dahua Technology, and Axis
Communications AB are among the leading companies in the global video
surveillance and VSaaS market. These companies are mostly
capitalizing on product launches to have a stronger foothold. In
addition, the market players are taking efforts toward extending
their merger and acquisition activities across emerging nations.
Considering the positive influence of various strategies adopted by
market players, coupled with other drivers, the global vide3o
surveillance and VSaaS market will continue exhibiting steep growth.
Browse Market
Research Report @
According to TMR,
the global video surveillance and VSaaS market is likely to reach
US$101.70 bn by the end of 2025, from its earlier valuation of
US$25.11 bn in 2016. If these figures hold true, the global video
surveillance and VSaaS market will rise at a promising 16.6% CAGR
between 2017 and 2025. By type, the global video surveillance and
VSaaS market is bifurcated into analog and IP-based video
surveillance and VSaaS segments. Of these, the IP-based video
surveillance and VSaaS segment is expected to exhibit exponential
rise at a CAGR of 20.8% between 2017 and 2025. Regionally Asia
Pacific emerged as the leading market and is predicted to showcase a
CAGR of above 20% during the aforementioned forecast period.
Demand for
Counter-terrorism Strategies Emerges as Chief Growth Driver
The global market
for video surveillance and VSaaS will continue demonstrating strong
growth, on account of increasing security concerns globally. Video
surveillance technologies have proven extremely crucial especially
for monitoring terrorist activities and likelihood for illegal
infiltrations. Governments around the world are therefore investing
in advanced video surveillance devices and sophisticated surveillance
networks to give impetus to their counter-terrorism operations.
Bringing critical infrastructure under video surveillance has thus
become a worldwide drive, creating lucrative prospects for the
market’s expansion.
“Considering the
spread of terrorism and crime activities worldwide, coordinate
efforts are required to reinforce and maintain secure and resilient
infrastructure include assets, systems, and networks,” said a lead
TMR analyst. Furthermore, upcoming sports events and other major
dates, focus on video surveillance and VSaaS is more than ever.
Following the surging demand, manufacturers are leaving no stone
unturned to offer advancements in high definition (HD) and megapixel
cameras. The cumulative effects of these factors will be realized by
the video surveillance and VSaaS market as lucrative growth
opportunities. In addition, the advent of do it yourself (DIY) video
surveillance accelerated pace of gains is on cards for the market.
Corporate
Protocols and High Bandwidth Requirements Emerge as Major Challenges
On the downside,
bandwidth requirements in the corporate sector are very high due to
the considerable number of users and applications. This has created a
burden on the corporate sector as the use of IT applications is
rising at an exponential rate. Furthermore, the bandwidth challenges
have become more demanding as industries are transitioning from
physical security to IP-based video surveillance and VSaaS solutions.
It has therefore become extremely difficult for advanced security
systems to effectively operate in growing networks and accommodate
more users and applications.
Fill the form for
an exclusive sample of this report @
Nevertheless, with
recent technological advancements such as inclusion of artificial
intelligence the market will witness greater opportunities for growth
in the future. Furthermore, integration of video analytics will help
improving physical security and optimize utilization of surveillance.
These developments will guarantee growth to the global video
surveillance and VSaaS market in the coming years.
About Us :
Transparency Market
Research (TMR) is a global market intelligence company providing
business information reports and services. The company’s exclusive
blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
proprietary data sources and various tools and techniques to gather
and analyze information.
TMR’s data
repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
No comments:
Post a Comment