World Video Surveillance Market 2020-2025: COVID-19 Impact Assessment

Dublin, April 20, 2020 (GLOBE NEWSWIRE) — The “Video Surveillance Market by System, Offering (Hardware (Camera, Storage Device, Monitor), Software (Video Analytics, Video Management System) & Service (VSaaS)), Vertical (Commercial, Infrastructure, Residential), and Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The global video surveillance market size is expected to grow from USD 45.5 billion in 2020 to USD 74.6 billion by 2025, at a CAGR of 10.4%The market for IP video surveillance systems is expected to grow at a rapid pace in the near future owing to technological advancements in IP cameras as well as in the storage device industry. The declining prices of IP cameras and IP surveillance systems have also contributed to the increasing applicability of these systems in the commercial vertical, which includes enterprises and data centers, retail stores and malls, and banks and financial buildings.It is also capable of analyzing the behavioral movements of human beings, vehicles, and other objects and can prevent potential attacks. With the help of machine-based vision, AI can store the data and trigger alerts to the respective individuals and authorities for the recognition of threats. AI is also used in crowd management, retail management, license plate recognition, and many more applications related to the video surveillance market.The report profiles key players in the global video surveillance market with their respective market ranking analysis. The study includes an in-depth competitive analysis of these key players, with their business overview, recent developments, and key market strategies for leaders.Key Topics Covered
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