The latest report by Report Ocean includes the detailed study of various market determinants such as key product launches, regional study, market demand, government initiatives, etc. Moreover, it describes the impact of COVID-19 pandemic on the market with the help of graphs and data.
A digital video surveillance system is a surveillance system that captures images and videos, which can be compressed, stored, or sent over communication networks. It can be used in any environment. Security and surveillance are required for all organizations.
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Governments, enterprises, financial institutions, and healthcare organizations are expected and required to have a certain level of security and monitoring measures. As a result, there has been a dramatic increase in the demand for security applications such as video surveillance to monitor and record borders, ports, transportation infrastructure, corporate houses, educational institutes, public places, buildings, and others.
On account of increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. There are many advantages that an IP camera CCTV system offers over an analog format. IP security cameras send their signals over a network, allowing greater information transfer than an analog signal sent to a digital video recorder (DVR). Network cameras can be wireless and still work through a network and are used in big departmental stores, food chains, malls, factory, work shop, and many other public places to keep a check of the activities. This factor is expected to significantly affect the video surveillance market size.
The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
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Rise in need of safety in high-risk areas, surge in transition from analog surveillance to IP cameras, and integration of Internet-of-Things boost the growth of the U.S. video surveillance market. However, factors such as high investment cost and lack of professional expertise in handling IP cameras, hamper the market growth. Furthermore, increase in trends toward development of smart cities is expected to offer lucrative video surveillance market opportunity for expansion.
The U.S. video surveillance market size is segmented into system type, component, application, enterprise type, and customer type. By system type, the market is analyzed across analog surveillance, IP surveillance, and hybrid surveillance. By component, it is divided into hardware, software, and services. The hardware segment is further sub-segmented into camera, monitor, storage, and accessories. In addition, the software segment is bifurcated into video analytics and video management software.
On the basis of application, the market is divided into commercial, military & defense, infrastructure, residential, and others. On the basis of enterprise type, the market is analyzed across small scale enterprise, medium scale enterprise, and large scale enterprise. By customer type, the market is bifurcated B2B and B2C
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The key players profiled in the video surveillance industry include HKVISION, Ltd., Bosch Security System, Honeywell Security Group, Dahua Technology, FLIR, Panasonic, Avigilon, Axis Communication, Infinova, and Pelco. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their video surveillance market share.
TOP IMPACTING FACTORS
The notable factors positively affecting the video surveillance market growth include rise in need of safety in high-risk areas, surge in transition from analog to IP cameras, and integration of IoT in surveillance cameras. However, high investments such as initial installment investment and large data storage problems, with lack of professional expertise in handling IP cameras incur extra cost for the devices. This factor is expected to hinder the market growth. Moreover, emerging trends toward development of smart cities offer huge market opportunities in the coming years.
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Growth in transition from analog surveillance to IP Cameras
Internet protocol (IP) surveillance is a digitalized and networked version of CCTV system, which is rapidly becoming the most flexible and future-proof option for security and surveillance systems. The IP surveillance system is made up of two components-IP-based camera that records video content using a network video recorder (NVR) and video surveillance platform that captures and distributes the video content through the network.
IP cameras are preferred for large installation sites that already have a high bandwidth network installed. IP surveillance cameras offer various benefits over analog surveillance such as real-time surveillance, remote accessibility, digital zooming capability, lower operational & infrastructure cost, greater integration potential, ease of data distribution, easy installation, and adjustable frame rates which boost the growth of the U.S. video surveillance market.
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Increase in privacy concern
According to video surveillance market analysis, usage of video surveillance cameras has increased during the recent years. Advanced video surveillance cameras are equipped with technologies, which allow the user to transfer data in an effective and efficient manner.
However, this feature potentially compromises the privacy of the situation, which has been tapped or recorded. There are various malicious activities being carried out through the seamless transfer of video recordings and clips to unauthorized users. This can be dangerous to the privacy of an individual who allows his/her activity to be tapped. Criminal activities such as blackmailing, is very common when it comes to misuse or leakage of personal information. This is considered to be a potential threat to the video surveillance market. Therefore, the current system requires a technology, which is designed not only to protect the privacy of the content but also to avoid its abusive usage by using techniques such as encryption, and authorization control mechanism.
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Increase in adoption towards spy and hidden cameras
Video surveillance cameras record people’s activities to detect and prevent suspicious activities. Companies are developing products with enhanced technologies to promote the seamless usage, which can be used in variety of situations and circumstances. Increase in adoption of small cameras such as dash cams, hidden spy cameras, motion activated hidden camera, and hidden camera lock in various industry verticals are promoting its growth.
Manufacturers promote the use of spy cameras for various applications with the advent of AI, BIG data analytics, cloud computing, and face recognition options. Spy cameras are being used by consumers to keep a track on people or environment, without their knowledge. These cameras are being used at gas pumps, retail stores, classrooms, labs, and offices to tape any suspecting activity. All these factors, promote the usage of spy and hidden cameras and are expected to be opportunistic for the growth of the video surveillance market.
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KEY BENEFITS FOR STAKEHOLDERS
– This study includes the analytical depiction of the video surveillance market forecast along with the current trends and future estimations to determine the imminent investment pockets.
– The report presents information regarding the key drivers, restraints, and opportunities in the video surveillance market.
– The market growth is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
– Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
U.S. VIDEO SURVEILLANCE MARKET SEGMENTATION
BY SYSTEM TYPE:
– Analog Surveillance
– IP Surveillance
– Hybrid Surveillance
o Video Analytics
o Video Management Software
– Military & Defense
BY ENTERPRISE SIZE
– Small Scale Enterprise
– Medium Scale Enterprise
– Large Scale Enterprise
BY CUSTOMER TYPE
BY CONNECTIVITY TECHNOLOGY
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Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import-dependent U.S. Video Surveillance Market, a large number of indigenous manufacturers of syringes and needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
The report provides a snapshot of the U.S. Video Surveillance Market. It begins with the introduction section which mentions the features and uses of syringes and needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes and needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes and needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.
A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:
Following are the questions answered by the Market report:
What are the goals of the report?
This market report shows the projected market size for the U.S. Video Surveillance Market at the end of the forecast period. The report also examines the historical and current market sizes.
On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.
The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.
The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.
The research report includes various factors contributing to the market’s growth.
The report analyzes the growth rate, market size, and market valuation for the forecast period.
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This report covers aspects of the regional analysis market.
The report includes data about North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
This report analyzes current and future market trends by region, providing information on product usage and consumption.
Reports on the market include the growth rate of every region, based on their countries over the forecast period.
What factors are taken into consideration when assessing the key market players?
The report analyzes companies across the globe in detail.
The report provides an overview of major vendors in the market, including key players.
Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.
This report includes a comparison of market competitors and a discussion of the standpoints of the major players.
Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.
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What are the key findings of the report?
This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
The report offers the current state of the market and future prospects for various geographical regions.
This report provides both qualitative and quantitative information about the competitive landscape of the market.
Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.
It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.
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