Global Video Surveillance Ecosystem Market Value Expected to Reach $55 Billion by 2020

Online, September 5, 2014 (Newswire.com) - “Global video surveillance ecosystem market analysis & forecast (2014-2020)” is an exhaustive 182 page report with over 58 market data tables and 40 figures providing an in-depth analysis of video surveillance equipments, software, and services. In addition to the market study of video surveillance ecosystem, the report incorporates an exhaustive analysis of the application market for video surveillance. The report also presents a comprehensive geographical analysis of the wearable market along with key trends in the electronic components market, mapped across each product segment.

The ongoing market trend suggests that in the coming years there will be a massive proliferation of IP cameras in the market, thanks to the high image quality and low power consumption in such cameras," Ravi Baid, technology practice head at BIS Research, told Security Systems News.

The concept of CCTV cameras first surfaced in Britain in the 1950s and since then the video surveillance systems have come a long way in terms of advanced cameras, higher and cost-effective storage mediums, and video surveillance software.  With technologies such as RFID (Radio frequency identification) tags, the security in areas such as retail outlets has increased manifold. The video surveillance ecosystem which was completely analog is slowly transitioning to become digital. The evolution of IP cameras is posing a strong competition to the legacy system (analog cameras) in video surveillance market and will soon be dominating the market with compelling features of high resolution, cost-efficient set-ups, and remote location accessing/monitoring.

The report from BIS Research covers the entire ecosystem of video surveillance market right from equipments to  software and services.  The report is a culmination of more than 30 interviews with key industry players and an exhaustive consultation with in-house subject matter experts. The report has been completed with a thorough understanding of the entire value chain incorporating key market drivers, challenges, and opportunities for the current and forecast years. The key market trends have also been identified in the report, providing the market statistics in terms of global market value.

The report has segmented the video surveillance equipment primarily into three categories: cameras, monitors, and storage. The camera segment is further divided on the basis of technology, connectivity, resolution, and product type. The storage segment is also broken down by media and technology.

The video surveillance software and services market deals with the major software types used in video surveillance systems that are video analytics and video management software (VMS). Video Surveillance as a Service is still in the nascent stage in the market but is expected to grow at a double digit CAGR during the forecast period accounting for over $5.18 billion by 2020.

The recent incidents of crimes and terror attacks have spurred the demand of video surveillance systems in infrastructures such as stadiums, parks, roadways among other. Evidently, the Infrastructure application dominated the global video surveillance ecosystem market in 2013. However, the introduction of video analytics and related software in the surveillance systems has surged the demand of these systems in the commercial sector, such as banks, hospitals, retail outlets and others. Consequently, commercial sector will dominate the global market for video surveillance with a market share of 33% by 2020.

Video surveillance market value, by geography ($billion), 2014-2020

With a meticulous approach, the market study has identified APAC as the leading region in the global video surveillance ecosystem market accounting for almost 32% of the net revenue generated by the video surveillance equipment, software, and services, and is expected to continue with its dominance during the forecast period as well. However, ROW including regions like Latin America, Middle East, and Africa are likely to grow at the highest CAGR during the same time. Europe is also expected to be a promising market with explosive demands expected from the U.K., Germany and other European nations.

The report has covered prominent players from diversified industry verticals in the video surveillance ecosystem. Established market players as well as start-ups are grabbing the opportunity of developing technologically upgraded equipments and advanced software and services, following the current transition in the market. However, huge set-ups which have already installed analog cameras in the video surveillance systems find it costly to switch entirely to IP systems and therefore, will continue to provide business to the analog camera manufacturers.

Some of the key players in the video surveillance market include Avigilon Corporation (Canada), Axis Communication (U.S.), D-Link Corporation (U.S.), Genetec (Canada), Milestone Systems (Denmark), Panasonic Corporation (Japan), Mobotix AG (Germany) Samsung Techwin Co. Ltd (Korea), and Bosch Security systems (Germany) among others.

About BIS Research

BIS Research (Business Intelligence and Strategy Research) is a global cutting edge technology research and advisory company which focuses on those emerging trends in technology which are likely to disrupt the dynamics of the market. Our company publishes in-depth global market intelligence reports across different industry verticals-Electronics, Semiconductor, Telecom, Information Technology, Automotive, Medical Devices, and other emerging technologies.

BIS Research follows a robust, rigorous, and proven methodology which collates and converges insightful pieces and information from primary and secondary research and proprietary databases along with high quality analysis from market experts and key opinion leaders. Each research study incorporates detailed analysis and subsequent quantification of market dynamics, market drivers and restraints, opportunities, threats, market shares, current and emerging industry trends as well as detailed competitive landscape and intelligence.

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