The global video surveillance equipment and services market is expected to grow at a significant CAGR during the forecast period. It is a bunch of video cameras over a wireless network that transfers the captured information or recorded media to a particular application. Equipment and services integrated to perform video surveillance are monitored in the live or real-time feature by a central headquarter and manage the storage of captured data including images, videos, audios and others recorded data. The growing demand for safety concerns among high-risk areas and rising transformation to IP cameras over an analog surveillance is a major factor that is expected to drive the market growth. The rising integrations and installation of IoT with emerging economies are anticipated to boost the market growth and witness lucrative growth opportunities for the global video surveillance equipment and services market.
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The rising adoption of video surveillance equipment and services among various organizations and industrial verticals including financial institutions, government, healthcare and enterprises among others. These segments raise the demand for higher security, surveillance and monitoring measures that are augmented to drive the market growth of the global video surveillance equipment and services market during the forecast period. The market growth is gradually increased owing to the rapidly increasing adoption of IP security cameras for the transfer of information and data that enables the transmission of signals over a network. This system offers better transmission over an analog signal sent to a digital video recorder (DVR) and is expected to offer new opportunities for the market.
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Market Coverage
- Segment Covered-
o By Component Type
o By Application
- Competitive Landscape- Bosch Security Systems Inc., Panasonic Corp., Honeywell Inc., Schneider Electric SE, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Video Surveillance Equipment and Services Market Report Segment
By Component Type
- Hardware
- Software
- Services
By Application
- Commercial
- BFSI
- Hospitals
- Residential
- Government
- Transportation
- Others
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