Market Analysis 

The mobile video surveillance market value is anticipated to reach up to USD 80 billion over the forecast period (2020-2023), with a CAGR of about 18.73%. A video surveillance system, simply put, is a surveillance device that records videos and images which can be compressed, transmitted, or stored over communication networks. This also covers the effect of different technologies such as AI, and facial recognition. Owing to its excellent features and benefits, it has wide applications in residential, defense, institutional, commercial, and infrastructure.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/957

Various factors are propelling the global Video surveillance system market. As per the current MRFR report, such factors include the rising concerns regarding security and public safety, increasing use of IP cameras, burgeoning demand for spy and wireless cameras, growing stakeholder and government funding to develop smart cities, use of city surveillance solutions, and surging need for VSaaS services. Additional factors adding market growth include the prevalent trends of deep learning and artificial intelligence and ongoing technological advances in cloud-based services, the internet of things, and big data. Besides, strict video surveillance mechanisms during the COVID-19 pandemic to keep track of people advised home quarantine or staying in high-risk zones and to ensure the adherence to social distancing are also adding market growth. 

Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global video surveillance market based on component and applications. 

By component, the global video surveillance market is segmented into services, hardware, and software. Of these, the hardware component will lead the market over the forecast period. It is likely to grow at a 18.73% CAGR. 

By applications, the global video surveillance market is segmented into residential, defense, institutional, commercial, and infrastructure. Of these, the infrastructure segment will dominate the market over the forecast period, and the residential sector is likely to develop at a healthy 21% CAGR over the forecast period. 

Regional Analysis 

Based on region, the global video surveillance market report covers the recent trends and growth opportunities across North America, the Asia Pacific (APAC), Europe, & the Rest of the World (RoW). Of these, North America will lead the market over the forecast period. Developed network architecture, technical advances, and increasing adoption of surveillance equipment are adding to the global video surveillance market growth in the region. 

The global video surveillance market in Europe is predicted to hold the second-largest share over the forecast period. Increasing use of cloud based services by industries and improvement in network infrastructure are adding to the global video surveillance market growth in the region. 

The global video surveillance market in the RoW is predicted to have sound growth over the forecast period. 

Key Players 

Leading players profiled in the global video surveillance market report include NICE System Ltd. (Israel), Hanwha Techwin Co., Ltd. (South Korea), Panasonic System Networks Co., Ltd. (Japan), Pelco (U.S.), Avigilon Corporation (Canada), Honeywell Security Group (U.S.), FLIR Systems Inc. (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Bosch Security Systems Inc. (U.S.), Axis Communications AB (Sweden), and Zhejiang Dahua Technology Co., Ltd. (China), among others. 

Get complete Report @ https://www.marketresearchfuture.com/reports/video-surveillance-market-957

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com  

Website: https://www.marketresearchfuture.com