Video Surveillance System Market by Size, Share and Expected to Register a CAGR of 15.53% Over the Forecast Period 2019 – 2024

Estimates 2019-2024 Video Surveillance System market development trends with the recent trends and SWOT analysis.The report provides key statistics on the market status of the Enterprise Information Archiving manufacturers and is a valuable sources.

Dallas, United states - August 24, 2019 /MarketersMedia/ —

Market Overview

The global video surveillance system market was valued at USD 40.37 billion in 2018, and is expected to reach a value of USD 95.98 billion by 2024, recording a CAGR of 15.53% over the forecast period (2019 - 2024). The use of video surveillance in business is growing significantly, owing to the increasing need for physical security, coupled with the use of cloud-based services for centralized data.

Get a sample of the report from: https://www.orbisresearch.com/contacts/request-sample/3587235

- Video surveillance is majorly adopted in manufacturing, banking & financial services, and transportation and retail industries. This incorporation is higher in countries, such as the United States, the United Kingdom, China, and Brazil, owing to the large size of the concerned industries and higher awareness among consumers.
- Globally, the drive to enhance the safety and security across different industries is adding to the market growth, significantly. With rapid developments in cloud computing and video surveillance software, the surveillance market has transformed, in comparison to the previous decade.
- VSaaS has been increasing over the recent years, owing to the market penetration of IP camera sales. Significant factors, such as IT cost containment by major IT organizations, the emergence of data centers, and improving functionalities associated with centralized data, are aiding the VSaaS segment.
- The growth of the video surveillance market is expected to be fueled by the introduction of new IP-based digital technologies, to detect and prevent undesirable behaviors, such as shoplifting, thefts, vandalism, and terror attacks.

Scope of the Report

Video surveillance systems are a group of one or more video cameras on a network that sends the information of the captured video or audio over to a certain place. This information or the captured images are live monitored or sent a central location for storage and recording. This report segments the market based on type, end-user industry and geography.

For more Information or Any Query Visit: https://www.orbisresearch.com/contacts/enquiry-before-buying/3587235

Key Market Trends

Commercial sector is Expected to Hold the Largest Market Share in the Forecast Period

- In the recent years, the demand for video surveillance in the commercial segment has increased substantially. The various end users in this segment include - banking & financial, retail or wholesale, and media & entertainment industries.
- In banks and financial institutions, the increasing number of thefts and fraudulent transactions, in addition to stringent regulatory environment are expected to bolster the deployment of video surveillance systems.
- For instance BS/2, a Lithuanian banking technology company and VisionLabs, announced a strategic partnership for contactless identification that would help the companies to greatly increase security and would ward off the risks associated with the fraudulent or unlawful activities while operating self-service terminals thereby making ATMeye.iQ full-scale self-service video surveillance and fraud prevention system and LUNA face recognition platform the foundation for the introduced services.
- In the retail sector, video surveillance is deployed to prevent shoplifting. They are also used to keep a tab on the shop-floor activities, such as, the movements of employees, customers, goods, etc.
- The video surveillance systems can also be used to track consumer behavior at a store regarding a particular segment in a retail store. For instance, in a branch of KFC in Beijing, a computer through camera scans their faces decides on what people will eat by placing orders according to age, gender, and mood. 

North America is Expected to Showcase Significant Market Growth

- In the United States, after the 9/11 terror attacks, there has been a significant rise in the demand for effective security and Surveillance System. Recently, Memphis Police Department (MPD) has teamed up with Hangzhou Hikvision Digital Technology, a supplier of innovative video surveillance products, to deploy holistic security solutions to ensure safety of the residents of Memphis.
- Stadium operators are using advanced network surveillance System to monitor every corner of the stadium. The famous "Little League World Series" had tied up with Axis communications for implementing effective video surveillance solutions.
- The integration of the video surveillance solutions in the transportation industry is one of the major trends observed in this region.
- To enhance security for the Chicago public transportation System, the second largest city in the United States with 1.7 million daily traffic, the government relied on Sentry360 to establish a unified surveillance System.

Competitive Landscape

The competitive rivalry in the video surveillance market is high due to the presence of many key players constantly upgrading themselves in order to gain a competitive advantage over other players. The video surveillance market is currently dominated by major players like Honeywell, Bosch, Samsung, Schneider Electric, Panasonic and many more.

- January 2019 - Axis launched new vulnerability Notification Email Services, that can be subscribed by customers to identify critical vulnerabilities in Axis surveillance products.

Browse Full TOC @ https://www.orbisresearch.com/reports/index/video-surveillance-system-market-growth-trends-and-forecast-2019-2024

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- Report customization as per the client's requirements
- 3 months of analyst support

Contact Info:
Name: Hector Costello
Email: Send Email
Organization: OrbisResearch
Address: 4144N Central Expressway, Suite 600
Phone: +1 (214) 884-6817
Website: https://www.orbisresearch.com/reports/index/video-surveillance-system-market-growth-trends-and-forecast-2019-2024

Source URL: https://marketersmedia.com/video-surveillance-system-market-by-size-share-and-expected-to-register-a-cagr-of-1553-over-the-forecast-period-2019-2024/88911893

Source: MarketersMedia

Release ID: 88911893

Latest News

Mortgage rates boosted US home sales 1.3% in August

Sep 19, 2019

WASHINGTON — U.S. home sales rose 1.3% in August to the highest level in 17 months, as mortgage rates near historic lows have spurred a rush of home-buying. The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annualized rate of 5.49 million units, the best performance since March 2018. Sales have increased 2.6% from a year ago. Cheaper borrowing costs have increased affordability for buyers, but they have also led to higher prices amid a shortage of properties for sale. The median sales price climbed 4.7% from a year ago to $278,200, outpacing...

Bermuda lashed by heavy winds from Cat 3 Hurricane Humberto

Sep 19, 2019

MIAMI — Hurricane Humberto lashed Bermuda with strong winds Wednesday night as the powerful Category 3 storm passed just to the north of the British Atlantic territory, while another growing storm threatened tourist resorts along Mexico's Pacific coast. Bermuda Gov. John Rankin called up 120 members of the Royal Bermuda Regiment to prepare for possible storm recovery efforts and National Security Minister Wayne Caines cautioned everyone to stay inside. Authorities had ordered early closings of schools, clinics and government offices. The U.S. National Hurricane Center said hurricane-force winds began to hit the island of some 70,000 people by late afternoon...

Amazon Prime to stream Rihanna's next-level lingerie show

Sep 19, 2019

NEW YORK — Rihanna believes women of all shapes, colors and sizes should be celebrated, and that spirit of inclusion has made her lingerie and beauty lines massive successes. "Women just need a little bit of validation," the superstar explained to The Associated Press ahead of her Savage X Fenty fashion show last week. "You are beautiful. Your body's beautiful. Your body's sexy and you deserve to feel that way," she added. That mission will be showcased Friday as Amazon Prime streams her New York Fashion Week show for Savage X Fenty in more than 200 countries and territories. The...

Panel approves ban on sale of flavored e-cigs in New York

Sep 19, 2019

NEW YORK — New York became the first state to ban the sale of flavored e-cigarettes Tuesday, a move that comes as federal health officials investigate a mysterious surge of severe breathing illnesses linked to vaping. The vote by the state Public Health and Health Planning Council means the prohibition, which covers flavored e-cigarettes and other vaping products except for menthol and tobacco flavors, goes into effect immediately. Retailers will have two weeks to remove merchandise from store shelves. Gov. Andrew Cuomo, a Democrat, had proposed the emergency ban Sunday , citing surging use among young people. According to data...

Indiana lawmakers seek probe of ex-abortion doctor's clinics

Sep 19, 2019

INDIANAPOLIS — Indiana's attorney general said Monday that he will work with his Illinois counterpart to investigate what he called the "grisly discovery" of more than 2,000 medically preserved fetal remains at the Illinois home of a late doctor who performed abortions in Indiana. Republican Attorney General Curtis Hill said he and Democratic Illinois Attorney General Kwame Raoul have "agreed to work together" as Hill's office coordinates an investigation of the remains found at the home of Dr. Ulrich Klopfer, who died Sept. 3. "The grisly discovery of these fetal remains at the Illinois home of a deceased abortion doctor...

About Us

Travel Leisure Mag is New York City’s travel and lifestyle online magazine with the vision of creating a unique blend of valuable and quality travel experience to the readers. We trust that you will enjoy this experience.

Contact us: sales[at]travelleisuremag.com