Research Nester published a report titled “Video Surveillance Security Cameras Market”: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global video surveillance security cameras in terms of market segmentation by type, application, components, technology, storage, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global video surveillance security cameras market is anticipated to grow with a CAGR of ~12% over the forecast period, i.e., 2022 – 2031. The market is segmented by application into institutional, residential, commercial, industrial, border security, and city infrastructure. Amongst these, the commercial segment is anticipated to grow at the highest rate during the forecast period on the back of the high security concern in numerous commercial places, which contributed to the enormous growth of this segment.
The global video surveillance security cameras market is estimated to significantly grow owing to the rising adoption of big data and IoT, as the Internet of Things (IoT) enables the rapid completion of several tasks by facilitating simple access to a variety of information. Furthermore, increasing urbanization, and rising awareness for security are also other major growth factors of global video surveillance security cameras market.
Regionally, the global video surveillance security cameras market is segmented into five major regions comprising of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific region is estimated to witness significant growth over the forecast period owing to the flourishing number of small and medium-sized enterprises, business chain stores, and rapidly growing population in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Rate of Crime Incidents to Drive the Growth of the Market
The rate of violent crime in the United States has risen to approximately 48.30 per 100,000 inhabitants by 2022.
In current scenario, safety and security is a major concern to everyone, whether its local places, commercial places, hospitals, schools and so on. To cope up with such incidents and to prevent the high risk of crime, video surveillance security cameras are very much helpful. These surveillance cameras safeguard us from robbery, theft, and other life or money threatening incidents and help to control the crime rate in a huge extent. Hence, it is projected to surge the growth of the global video surveillance security cameras market.
However, high cost of surveillance cameras, high concern for privacy, and insufficiency of skilled workers to supervise security cameras are expected to operate as key restraints to the growth of global video surveillance security cameras market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global video surveillance security cameras market which includes company profiling of Axis Communications AB, Canon Inc., NICE Ltd., Panasonic Holdings Corporation, VIVOTEK Inc., Teledyne FLIR LLC, Honeywell International Inc., The Infinova Group, Cisco Systems, Inc., NEC Corporation, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global video surveillance security cameras market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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