Video surveillance market size to increase by USD 28.79 billion | APAC to account for 47% of market growth - Technavio
Tuesday, December 12, 2023
NEW YORK, Dec. 4, 2023 /PRNewswire/ -- The Video Surveillance Market by Product, End-user, and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market size is forecast to grow by USD 28.79 billion between 2022 and 2027 at a CAGR of 9.33%. By region, the global video surveillance market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. APAC will account for 47% of market growth during the forecast period. Factors such as the mature end-user base for video surveillance systems due to the standardization of industries and the presence of a framework for public safety are driving the growth of the video surveillance market in North America.The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download A PDF Sample Report
Company profiles
The video surveillance market report includes information on the key products and recent developments of leading vendors, including:
Agent Video Intelligence Ltd. - The company offers video surveillance such as innoVi.
Costar Technologies Inc. - The company offers video surveillance such as AXIS F34 Surveillance System.
CP PLUS International - The company offers video surveillance such as CCI2D25R, and CDI12D360VIW.
Genetec Inc. - The company offers video surveillance such as E-24A, and ENR-1408.
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Market dynamics
The market is driven by factors such as the need to mitigate criminal activities and terrorist attacks, the suitability of video surveillance for smart cities, and the expanding scope of video surveillance in the commercial segment. However, the issues related to privacy is hindering the market growth.
Competitive analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample
Market segmentation
-- By product, the market is segmented into hardware, software, and
services. The hardware segment accounted for the largest share of the
market in 2022.
-- By geography, the market is segmented into APAC, North America, Europe,
Middle East and Africa, and South America. APAC held the largest share
of the market in 2022.
Related Reports:
The video surveillance as a service market share is expected to increase by USD 7.45 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.56%.
The trade surveillance systems market share is expected to increase to USD 878.49 million from 2021 to 2026, at a CAGR of 16.7%.
What are the key data covered in this video surveillance market report?
-- CAGR of the market during the forecast period
-- Detailed information on factors that will drive the growth of the video
surveillance market between 2023 and 2027
-- Precise estimation of the video surveillance market size and its
contribution to the parent market
-- Accurate predictions about upcoming trends and changes in consumer
behavior
-- Growth of the industry across APAC, North America, Europe, Middle East
and Africa, and South America
-- Thorough analysis of the market's competitive landscape and detailed
information about vendors
-- Comprehensive analysis of factors that will challenge the growth of
video surveillance market vendors
TOC
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Size
5. Five Forces Analysis
6. Market Segmentation by Product
7. market Segmentation by End-User
8. Customer Landscape
9. Geographic Landscape
10. Drivers, Challenges, and Trends
11. Company Landscape
12. Company Analysis
13. Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com
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SOURCE Technavio
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