IP Video Surveillance Market 2018 Global Leaders Overview: Avigilon, D-Link, The Infinova Group, Panasonic, GeoVision, Axis Communications, Bosch Security Systems

Market Research Future published a research report on “Global IP Video Surveillance Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

IP Video Surveillance can be defined as a type of digital camera which is connected through a surveillance so that it becomes easy to send and receive data through computer and internet. IP video surveillance offers a number of benefits over the traditional analog CCTV such as better picture quality, content can be easily compressed for storage and data can be stored in any geographical location.

The factors contributing to the growth of the IP video surveillance market are increasing implementation of video analytics, increasing demand for installation of video surveillance, usage of high-definition cameras and growing need for security. Also, features such as scalability, flexibility and reliability are boosting the demand of the IP video surveillance market. However, factors such as need for storage capacity, growing demand for high resolution pictures and privacy issues are hindering the growth of the IP video surveillance market.

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Geographically, North-America accounted for the largest market share in the global IP Video surveillance market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.

The global IP video surveillance market is expected to reach approximately USD 63 billion by the end of 2023 with 20% CAGR during forecast period 2017-2023.

Key Players:

The key players in the global IP Video Surveillance Market include- Avigilon (Canada), Axis Communications. (Sweden), D-Link (Taiwan), Genetec Inc. TM. (Canada), The Infinova Group (U.S.), Bosch Security Systems Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Panasonic Corporation (Japan), GeoVision Inc (Taiwan) among others.

Industry Updates

In September 2018, Eagle Eye Networks, a leader in cloud-based video surveillance solutions announced a partnership with Arlo Technologies, a leading wire-free surveillance cameras provider. The partnership will combine the Eagle Eye's cloud VMS with Arlo's FlexPower camera System which will ensure maximum protection from predator bots.

In October 2018, Aerocont Vision Costar, a leading provider of IP-based megapixel cameras and video surveillance solutions, announced new product portfolio following the initial launch of the business in July 2018. The new company is a subsidiary of Costar Technologies, Inc., a developer, and manufacturer of video surveillance products.

Segmentation

The global IP video surveillance market has been segmented based on component and application. By component, the market has been segmented into hardware and software. The hardware segment has been further segmented into cameras, monitors, and servers. The software segment has been further segmented into video analytics and video management. The hardware segment was the largest in 2016 while the software segment is projected to capture a CAGR of 15.01% over the forecast period. The camera sub-segment under the hardware segment dominated the market in 2016 while the server sub-segment is expected to be the fastest growing sub-segment over the forecast period. The video management sub-segment under the software segment led the market in 2016 while the video analytics sub-segment is expected to gain traction over the forecast period and surpass the video management sub-segment. By application, the market has been segmented into BFSI, government, manufacturing, healthcare, retail, and others.

Regional Analysis

By region, the global IP video surveillance market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America accounts for the lion's share of the global IP video surveillance market. Rising speed of technological adoption leads to deep penetration of IP video surveillance across various industries in the region. Moreover, high disposable income, the presence of major players and well-established infrastructure in the region can be attributed for the growth of the North America market for IP video surveillance. Asia Pacific market for IP video surveillance is expected to witness relatively faster growth as compared to other regions. Technological developments, quick adoption, and growing concerns regarding security in the region augment the growth of the market in Asia Pacific.

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Intended Audience

• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• End-user sectors
• Technology Investors

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