Video Surveillance Market worth 71.28 Billion USD by 2022

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MarketsandMarkets Presents
Video Surveillance Market is expected to be worth
USD 71.28 Billion by 2022, at an estimated CAGR
of 16.56. Browse 81 tables and 61 figures
spread through 175 Pages and in-depth TOC on
"Video Surveillance Market - Global Forecast to
2022"
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Software component and service segment is
expected to lead the video surveillance
market The market for the service segment is
expected to grow at the highest CAGR between 2016
and 2022. Cloud services and video surveillance
as a service (VSaaS) play an important role in
the video surveillance system. Software
components include video analytics and video
management software. Also, the use of neural
networks and algorithms in the biometric
surveillance system is a part of software
component.  The advancement in software
technologies and networking services would lead
the video surveillance market. Commercial sector
is expected to grow at the highest CAGR between
2016 and 2022 The market for the commercial
sector is expected to grow at the highest CAGR
between 2016 and 2022. The high demand for
security systems in large and small retail
businesses is increasing to reduce robbery and
inventory loss. In the commercial sector,
financial institutions and banks highly recommend
video surveillance systems to provide security to
the buildings, maintain cash management, and
monitor customers and staff activities. This
enhances security parameters and drives the
surveillance system market for the commercial
sector.
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APAC is expected to hold the highest market share
and grow at a high CAGR during forecast
period The video surveillance market in APAC is
expected to grow at the highest CAGR among its
peers between 2016 and 2022. The reason for this
growth is adoption of new technologies (cloud
services and other analytics technologies) and
security systems to protect its economy and
infrastructure through criminal activities and
terror attacks. Thus, reduction in IP cameras
prices and the presence of big players are the
factors which would drive the video surveillance
system market in this region. PDF Brochure
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d645 The key players in the ecosystem of the
video surveillance market profiled in this report
are Axis Communications AB (Sweden), Bosch
Security Systems (U.S.), Zhejiang Dahua
Technology Co., Ltd. (China), Hangzhou Hikvision
Digital Technology Co., Ltd. (China), FLIR
Systems Inc. (U.S.), Honeywell Security Group
(U.S.), Avigilon Corporation (Canada), PELCO by
Schneider Electric (U.S.), Panasonic System
Networks Co., Ltd. (Japan), Samsung Techwin Co.,
Ltd. (South Korea), Nice Systems, Limited
(Israel), and Infinova Corporation (U.S.).
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About Report http//www.marketsandmarkets.com/M
arket-Reports/video-surveillance-market-645.html
This research report categorizes the global video
surveillance system market based on component and
service, system, application, and region. This
report describes the drivers, restraints,
opportunities, and challenges with respect to the
video surveillance system market. The Porters
five forces analysis has been included in the
report with a description of each of its forces
and their respective impact on the video
surveillance system market. We at
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ContactMr. RohanMarkets and Markets UNIT no
802, Tower no. 7, SEZMagarpatta city,
HadapsarPune, Maharashtra 411013,
India1-888-600-6441Email sales_at_marketsandmarket
s.com