Video Surveillance Market Size, Share, Growth and Industry will Grow with a CAGR of 17% by 2030 | Rising Demand For Public Safety
Research Reports
Jan 09, 2023
The expansion of the Video Surveillance Market is being fueled by the rising usage of internet of things applications. To address the need for improved security solutions is necessary. Video analytics are widely employed for smart city projects smart buildings, traffic management, retail, and logistical operations, among other things. High-quality images provided by video surveillance allow for quick tracking and monitoring of human behaviour, traffic patterns, and other activities. Among other things, video analytics are utilised for facial recognition, behavioural analytics, and the prediction of illegal actions. Technology-advanced video surveillance systems are required for the smart city project to provide real-time information, monitor traffic, and other functions.
According to components and applications, the global video surveillance market is divided into different segments. The video surveillance industry is divided into three categories based on component segments: hardware, software, and services. The largest market share belongs to hardware components, which is expected to rise at a 17% CAGR. The many parts of video surveillance gear include cameras, monitors, and storage systems. The most crucial component of video surveillance, cameras are utilised to monitor regions by recording videos. To share and route the services on the surveillance network, these cameras are connected to encoders and analogue gateway network modules. The various characteristics that deal with camera parts include video inputs, a video decoder, an audio codec, display and motion controllers, and video compression and decompression.
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The global Video Surveillance Market is currently led by North America. The elements keeping North America in the lead are the region’s technological developments, sophisticated network architecture, and high adoption rate of surveillance equipment. In the market for worldwide video surveillance, Europe comes in second, followed by Asia Pacific. The region’s market expansion is anticipated to be fueled by improvements in network infrastructure and an increase in the usage of cloud-based services by various sectors.
Video Surveillance Market Key Players:
MORPHEUS DATA, LLC is one of the major participants in the global market for-
- cloud management platforms. (US)
- DivvyCloud (US)
- RackWare (US)
- Turbonomic Inc. (US)
- Scalr, Inc. (US)
- CloudBolt Software, Inc. (US)
- RightScale, Inc. (US)
- HyperGridTM (US)
- HP Enterprise Development LP (US)
- BMC Software, Inc. (US)
- Embotics Corporation (US)
- Cisco Systems Inc., (US)
- VMware, Inc. (Dell Technologies) (US)
- Citrix Systems Inc. (US).
Other providers in the industry, besides the aforementioned firms, include Dynatrace (US), Amazon Web Services (AWS), Puppet (US), Splunk Inc. (US), and others.
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Video Surveillance Market Segmentation:
According to components and applications, the global video surveillance market is divided into different segments. The video surveillance industry is divided into three categories based on component segments: hardware, software, and services. The largest market share belongs to hardware components, which is expected to rise at a 17% CAGR. The many parts of video surveillance gear include cameras, monitors, and storage systems. The most crucial component of video surveillance, cameras are utilised to monitor regions by recording videos. To share and route the services on the surveillance network, these cameras are connected to encoders and analogue gateway network modules. The various characteristics that deal with camera parts include video inputs, a video decoder, an audio codec, display and motion controllers, and video compression and decompression.
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Video Surveillance Market Regional Analysis:
The North American, European, Asian-Pacific, Middle Eastern and African, and South American regions make up the global market for cloud management platforms.
Because there are so many solution providers in the US, North America held a monopoly on the cloud management platform market in 2018. Throughout the anticipated period, the cloud management platform market in Asia-Pacific is anticipated to grow at the fastest rate. The Video Surveillance Market expansion is due to significant expenditures made by regional vendors in developing nations like China and India as well as expanding government measures to support digital initiatives and the growth of the cloud infrastructure.
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