Pune, Oct. 05, 2020 (GLOBE NEWSWIRE) — The global video surveillance market is likely to gain momentum from the increasing usage of deep learning technology. It helps in lowering the calibration of algorithms and facilitating video analytics. Therefore, it is capable of driving the usage of video surveillance software in the near future. This information is given in a recently published report by Fortune Business Insights™, titled, “Video Surveillance Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Video Surveillance as a Service (VSaaS)), By End-User (Commercial, Industrial, Residential and Government), and Regional Forecast, 2019-2026.”.” The report further mentions that the market size was USD 19.12 billion in 2018 and is projected to reach USD 33.60 billion by 2026, exhibiting a CAGR of 6.8% during the forecast period.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this market.
This Report Answers the Following Questions:
- What are the video surveillance market trends, growth drivers, and hindrances?
- How will the market be impacted in the future?
- What are the opportunities and challenges that the market may come across in the coming years?
- Which region is likely to lead the market by generating maximum revenue?
- Which strategies are being adopted by key players to augment sales?
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/sample/video-surveillance-market-102673
Increasing Smart City Initiatives to Skyrocket Demand
The rising adoption of artificial intelligence (AI) worldwide is one of the major video surveillance market growth drivers. The Carnegie Endowment for the International Peace Organization published a paper in 2019 which states that out of the total 176 countries, 75 of them are using AI for surveillance purposes, such as smart citing, facial recognition systems, and more. It proves that the rising development of facial recognition applications and smart city initiatives by several regions would contribute to the market growth.
Outbreak of COVID-19 Pandemic to Hamper Growth
In December 2019, as the outbreak of Covid-19 started in Wuhan, China began showcasing a reduction in production backed by the lack of man-power. It is because China is considered to be a major hub for the production of video surveillance equipment. In addition to that, the local demand for this type of equipment is likely to lower as every country is currently emphasizing on controlling the pandemic. Almost every region, such as Asia Pacific and North America are under lockdown. It would affect the cross-border and domestic transportation and logistics of video surveillance systems, such as system-on-chip devices and CMOS sensors. If the pandemic is controlled, it would have a considerable impact on the market. If not, then it can obstruct growth for a long time period.
List Of Key companies profiled in the Video Surveillance Market. They are as follows:
- Avigilon Corporation
- Bosch GmbH
- Dahua Technology Co., Ltd.
- Axis Communications AB
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International, Inc.
- Huawei Technologies Co., Ltd.
- Panasonic Corporation
- FLIR Systems, Inc.
Quick Buy – Video Surveillance Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102673
Detailed Table of Content
|1.1. Definition, By Segment|
|1.2. Research Approach|
|2. Executive Summary|
|3. Market Dynamics|
|3.1. Drivers, Restraints and Opportunities|
|3.2. Emerging Trends|
|4. Key Insights|
|4.1. Macro and Micro Economic Indicators|
|4.2. Consolidated SWOT Analysis of Key Players|
|4.3. Porter’s Five Forces Analysis|
|4.4. COVID-19 Impact Analysis|
|5. Global Video Surveillance Market Analysis, Insights and Forecast, 2015-2026|
|5.1. Key Findings / Summary|
|5.2. Market Size Estimates and Forecasts|
|5.2.1. By Component (Value)|
|188.8.131.52.2. Storage Devices|
|184.108.40.206.1. Video Management Software|
|220.127.116.11.2. Video Analytics Software|
|18.104.22.168. Video as a Service (VSaaS)|
|5.2.2. By End-User (Value)|
|5.2.3. By Geography (Value)|
|22.214.171.124. North America|
|126.96.36.199. Asia Pacific|
|188.8.131.52. Middle East and Africa|
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/video-surveillance-market-102673
Have a Look at Related Research Insights:
Virtual Reality (VR) Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Content), By Device Type (Head Mounted Display, VR Simulator, VR Glasses, Treadmills & Haptic Gloves, and Others), By Industry (Gaming, Entertainment, Automotive, Retail, Healthcare, Education, Aerospace & Defence, Manufacturing, and Others), And Regional Forecast, 2020-2027
Gamification Market Size, Share & COVID–19 Impact Analysis, By Deployment (Cloud, On-premises), By Enterprise Size (SMEs and Large Enterprises), By Application (Marketing, Sales, Product Development, Human Resource, Others) By Industry (BFSI, Retail, Government, Healthcare, Education and research, IT and Telecom, Others), and Regional Forecast, 2020-2027
Wireless Temperature Sensor Market Size, Share & COVID-19 Impact Analysis, By Type (Thermocouple, Thermistor, Resistance Temperature Detector (RTD), Semiconductor Temperature Sensor), By Channel Output (Single-channel, Multi-channel), By Technology (Wi-Fi, Bluetooth, ZigBee, Radio-frequency identification (RFID)), By End-user (Healthcare, Consumer Electronics, Automotive, Aerospace and Defense, Food and Beverages), and Regional Forecast, 2020-2027
Machine Learning Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, and Services), By Enterprise Size (SMEs, and Large Enterprises), By Deployment (Cloud and On-premise), By Industry (Healthcare, Retail, IT and Telecommunication, BFSI, Automotive and Transportation, Advertising and Media, Manufacturing, and Others), and Regional Forecast, 2020-2027
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune – 411045, Maharashtra, India.
Fortune Business Insights™
LinkedIn | Twitter | Blogs