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CCTV Camera Market Is Poised To Reach Approximately USD 31,190 Million, Registering a 13.2% CAGR by 2030 – Report by Market Research Future (MRFR)

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New York, US, Sept. 28, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “CCTV Camera Market Research Report: By Product, By Technology, By Application, By Resolution, By Services – Forecast till 2030”, the market is anticipated to acquire a valuation of approximately USD 31,190 Million by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 13.2% during the assessment timeframe.

CCTV Camera Market Overview:

The global CCTV camera market is expected to garner substantial revenues. The growing adoption of CCTV cameras across commercial, residential, industrial, and infrastructural sectors would support the market growth.

CCTV surveillance is rising across the world, but this has not affected the crime rates. Despite the increasing use of CCTV cameras by law enforcement agencies for video surveillance and monitoring purposes, crime indices in several cities worldwide show a constant uptick. However, CCTV cameras have certainly managed to prevent street crimes or riots in the community, reflecting the need for CCTV surveillance to secure people, facilities, and assets.

Leading players in the global CCTV camera market are-

  • Bosch Security Systems (Germany)
  • CP Plus International (India)
  • FLIR Systems, Inc (US)
  • Hangzhou Hikvision Digital Technology Co., Ltd (China)
  • Sony Corporation (Japan)
  • Digital Watchdog, Inc (US)
  • Axis Communications AB (Sweden)
  • Dahua Technology Co., Ltd (China)
  • Honeywell International, Inc. (US)
  • Hanwha Techwin Co., Ltd (South Korea)

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Governments in various countries have mandated installing CCTV cameras in residential societies, apartments, and gated communities. Municipalities are increasingly tweaking proposals for CCTV surveillance and installing CCTV cameras all over the city to enhance security. Increasing public participation in road safety and managing pandemic regulation are also proposed worldwide.

The recent pandemic was causal in propelling the demand for higher-resolution cameras. The swift adoption of higher resolution cameras indicates the users’ preference for maximum flexibility in their video surveillance systems. With the advances in cloud technologies, business owners are increasingly adopting cloud video surveillance systems. They also prefer to upgrade to new cameras with added features, artificial intelligence, or video analytics.

CCTV Camera Market Report Scope:

Report Metric Details
 Revenue forecast in 2030 USD 31,190 Million
 Growth Rate CAGR of 13.2% from 2022 to 2030
 Base Year 2021
 Study Period 2022-2030
 Key Market Opportunities Remote technology on smart phones and increased expansion of home automation devices
 Key Market Drivers Increasing penetration of smart homes

Browse In-depth Market Research Report (149 Pages) on CCTV Camera Market:

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Industry Trends

The increasing awareness about the benefits of security and monitoring solutions is a key driving force behind the growth of the market. The recent COVID-19 outbreak fostered the use of these cameras to manage social distancing and other pandemic-related norms. IP security in video surveillance has created a massive demand for CCTV cameras. The increased adoption of IP surveillance in perimeter security and the rising trend of smart homes boost the market growth. 

Additionally, increasing installations of CCTV camera-based surveillance mechanism systems for public security & protection influence market growth. Increasing installations of CCTV cameras with recording facilities covering all sensitive areas by law enforcement agencies propel the market’s growth. The increased adoption of CCTV cameras in commercial spaces substantiates market revenues.

On the flip side, low awareness of advanced security solutions is a major factor projected to impede the market growth. Also, privacy and data breach concerns and high costs associated with purchasing and maintaining security cameras are major headwinds for the market’s growth. Nevertheless, the increasing uptake of CCTV cameras for surveillance purposes would support market growth throughout the assessment period. 

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CCTV Camera Market Segments

The CCTV camera market is segmented into products, technologies, resolutions, services, applications, and regions. The product segment comprises dome security, bullet security, PTZ security, thermal security, box security, and other cameras. The technology segment comprises IP security cameras and analog cameras. 

The resolution segment comprises HD, Non-HD, digital, and others. The service segment comprises professional, managed, and other services. The application segment comprises residential, commercial, and industrial. The region segment is bifurcated into the MEA, Americas, Europe, Asia-Pacific, and rest-of-the-world. 

CCTV Camera Market Regional Analysis 

North America is a significantly largest region in the global CCTV camera market. The region is witnessing increasing implementations of network-based video surveillance solutions, driving the market demand. Besides, the growing adoption of advanced CCTV cameras in residential, commercial, and industrial sectors across the region boosts the market size. The spurting growth in end-use industries and rising public and personal safety needs substantiate the market growth in the region. 

Europe is another rapidly growing market for CCTV cameras. The rising adoption of CCTV cameras for surveillance and monitoring purposes in government establishments due to changing public protection policies boosts the region’s market shares. Additionally, the growing uptake of cloud-based surveillance services for indoor and outdoor security measures fosters regional market growth. 

The CCTV camera market in the Asia Pacific has evolved as a promising market. Growing infrastructure development projects and the ever-increasing population in the region escalate the market value, requiring surveillance & monitoring technologies. Furthermore, continuous technological advancements and the strong presence of CCTV camera & component manufacturers drive the regional market’s growth. 

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CCTV Camera Market Competitive Analysis 

The highly competitive CCTV camera market appears fragmented, with several well-established players forming a competitive landscape. These companies aggressively target increased participation through mergers & acquisitions, collaborations, expansion, and technology/product launches, expanding their operations and offerings.  

CCTV camera manufacturers strive to develop an information-based solution delivering a suite of application offerings for end-use industries’ needs. Using time-tested methodologies and best practices, they try to bring together disparate point systems from multiple providers into a security-rich, integrated environment that addresses the safety and security of occupants. 

Leading technology companies are increasingly introducing accessories such as plugs & sockets required in CCTV systems to access the IoT ecosystem for smart houses. These devices can be plugged into the power switchboard and interact with the voice-based virtual assistant devices paired with the phone and connect to the Wi-Fi of the house. 

For instance, on Sep.10, 2022, Sparsh Technologies (India), a leading provider of camera and security systems, launched its new CCTV camera and security camera. These Systems will be extensively available on the CSC Platform (Common Services Centers, an e-governance services platform in India) and Grameen eStores Mobile App.

Related Reports:

CCTV Market By Camera Type, By Technology, By End User, By Channel, By Country – Forecast to 2030

Healthcare Security Systems Market Research Report: By Type, Surveillance System, Application, End-User -Forecast 2030

Industrial Access Control Market, By Access Type, By Services, By End-User – Forecast 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to 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 answer your most important questions.

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Netcompany secures high-profile digital transformation contract with HM Revenue & Customs (HMRC)

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Netcompany wins one of four new build contracts for HMRC. The European IT services company will focus on modernising core digital customer services for HMRC’s Customer Services Group. The contract term is three years with options for two, one-year extensions. The estimated contract spend is £120–£135m over the course of the 5-year term. 
LONDON, May 13, 2024 /PRNewswire/ — Netcompany has won a significant new build contract for His Majesty’s Revenue and Customs (HMRC). It will provide digital transformation services to HMRC’s Customer Services Group (CSG), including the Customer Compliance Group (CCG). Netcompany was selected following a competitive procurement process. 

“We are proud and honoured to be selected to bring our expertise and knowledge to bear in helping enable HMRC’s digitalisation journey,” says André Rogaczewski, CEO, Netcompany. “Improving citizen experience through responsible digitalisation of public services is a core part of our DNA. Through this partnership, Netcompany looks forward to working with HMRC to help realise their digital transformation aspirations, resulting in both better customer services and value to the taxpayer.” 
The contract Netcompany has been awarded to deliver aims to simplify access and management of citizens’ tax affairs, through one personalised digital account. The contract was won through the first phase of competitions run under Crown Commercial Service’s (CCS) Digital and Legacy Application Services (DALAS) framework, Lot 2a – Large Scale Digital, Integration and Development Services.
About Netcompany
Founded in Denmark in 2000, Netcompany is a fast-growing, multinational company, working across 10 countries, with a team of more than 7,700 skilled professionals, who drive sustainable digitisation, consistently improving outcomes for our customers and citizens. Netcompany provides mission-critical IT solutions for societal and business needs, aiding our clients in their digital evolution towards a more efficient and sustainable future. Netcompany UK has extensive experience of working across the public sector, including NHS England, Ministry of Defence, Home Office, HMRC, Department for Education, Department for Environment, Food & Rural Affairs, as well as extensive private sector experience.
About Crown Commercial Service
Crown Commercial Service (CCS) is an Executive Agency of the Cabinet Office, supporting the public sector to achieve maximum commercial value when procuring common goods and services.
To find out more about CCS, visit: www.crowncommercial.gov.ukFollow us on Twitter: @gov_procurementLinkedIn: www.linkedin.com/company/2827044 
Logo: https://mma.prnewswire.com/media/2410706/Netcompany_Logo.jpg

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Bulletin from the extraordinary general meeting in SciBase Holding AB (publ)

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STOCKHOLM, May 13, 2024 /PRNewswire/ — Today, an extraordinary general meeting has been held in SciBase Holding AB (publ) (“SciBase” or the “Company”). The general meeting resolved in accordance with the proposals presented in the notice to attend the meeting (which is available on the Company’s website (www.scibase.com)).

Amendment of the articles of association
The general meeting resolved, in accordance with the board of directors’ three proposals, to amend §§ 4-5 of the articles of association, entailing:
that the articles of association shall be amended so that the share capital shall be not less than SEK 10,065,000 and not more than SEK 40,260,000 and that the number of shares shall be not less than 201,300,000 and not more than 805,200,000,that the articles of association shall be amended so that the share capital shall be not less than SEK 10,780,000 and not more than SEK 43,120,000 and that the number of shares shall be not less than 215,600,000 and not more than 862,400,000, andthat the articles of association shall be amended so that the share capital shall be not less than SEK 11,500,000 and not more than SEK 46,000,000 and that the number of shares shall be not less than 230,000,000 and not more than 920,000,000.The general meeting further resolved, in a accordance with the board of directors’ proposal,  to authorize the board of directors to register with the Swedish Companies Registration Office the above resolution to amend the Articles of Association, the limits of which for the minimum and maximum number of shares in the Company are consistent with the total number of shares in the Company after the rights issue announced on 5 April 2024 and the directed issues of units that the board of directors resolved upon on 5 April 2024 (that were conditional upon the subsequent approval of the general meeting).
Directed issues
The general meeting resolved, in accordance with the board of directors’ proposal, to approve the resolution made by the board of directors on 5 April 2024, on a new issue of a maximum of 74,136,510 units to Ribbskottet AB, Per Olof Ejendal AB, Kåre Gilstring, Robert Molander, MLJK Konsult AB, Klintemar Konsult AB, Jesper Hoiland, Fredrik Mattsson, Stefan Hansson, Theodor Invest AB, Ulti AB, Van Herk Investments B.V., Morningside Group AB, Viktor Drvota and Eric Terhaerdt. The subscription price for each unit is SEK 0.42, corresponding to a subscription price of SEK 0.42 per share. Warrants of series TO 2 are issued free of charge. The issue results in an increase in the number of shares in the Company of a maximum of 74,136,510 shares, entailing a maximum increase of the share capital of SEK 3,706,825.50, and a new issue of a maximum of 370,682,550 warrants of series TO 2 entitling to subscription of 370,682,550 shares in the Company, whereby the share capital may increase by an additional maximum of SEK 18,534,127.50 if all issued warrants of series TO 2 are exercised. In total, the share capital may increase by a maximum of SEK 22,240,953.00.
The general meeting further resolved in accordance with the board of directors’ proposal to approve the resolution made by the board of directors on 5 April 2024, on a new issue of a maximum of 3,755,259 units to Matt Leavitt. The subscription price for each unit is SEK 0.42, corresponding to a subscription price of SEK 0.42 per share. Warrants of series TO 2 are issued free of charge. The issue results in an increase in the number of shares in the Company of a maximum of 3 755 259 shares, entailing a maximum increase of the share capital of SEK 187,762.95, and a new issue of a maximum of 18,776,295 warrants of series TO 2 entitling to subscription of 18,776,295 shares in the Company, whereby the share capital may increase by an additional maximum of SEK 938,814.75 if all issued warrants of series TO 2 are exercised. In total, the share capital may increase by a maximum of SEK 1,126,577.70.
For additional information, please contact:Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected] Advisor (CA):Vator SecuritiesTel: +46 8 580 065 99Email: [email protected]
About SciBase:
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The Company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/en/pressreleases
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/scibase/r/bulletin-from-the-extraordinary-general-meeting-in-scibase-holding-ab–publ-,c3977529
The following files are available for download:
https://mb.cision.com/Main/12371/3977529/2790414.pdf
SciBase Bulletin EGM
 

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Experience Abu Dhabi Weixin Mini-Program: Your Gateway to Unforgettable Moments in Abu Dhabi

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ABU DHABI, UAE, May 13, 2024 /PRNewswire/ — Prepare for a memorable journey with the new Experience Abu Dhabi Weixin mini-program, brought to you by Experience Abu Dhabi, in partnership with Tencent Cloud.

Weixin is commonly known as ‘WeChat’ outside of China serves over a billion of monthly active users in the Chinese mainland. Tailored for Chinese visitors, the Weixin mini-program is packed with compelling features that range from interactive maps to itinerary planners – everything they would need to plan their Abu Dhabi experience at their fingertips.
The program not only provides Chinese visitors with first-hand official travel information but also specifically addresses their digital travel needs, offering map guidance and Chinese audio commentary services during the travel process.
The program also introduces ‘Khalifa’, a welcoming Emirati character who serves as Abu Dhabi’s first digital ambassador for culture and tourism. Khalifa isn’t just a tour guide, he’s your virtual companion, ready to engage in conversation and answer all visitor questions about Abu Dhabi!
Whether you’re looking for thrilling attractions, world-class restaurants or inspiring activities, Khalifa will provide personalised recommendations and insider tips to enhance your experience.
About Tencent Cloud
Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.
About the Department of Culture and Tourism – Abu Dhabi:
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) drives the sustainable growth of Abu Dhabi’s culture and tourism sectors and its creative industries, fuelling economic progress and helping to achieve Abu Dhabi’s wider global ambitions.
By working in partnership with the organisations that define the emirate’s position as a leading international destination, DCT Abu Dhabi strives to unite the ecosystem around a shared vision of the emirate’s potential, coordinate effort and investment, deliver innovative solutions, and use the best tools, policies and systems to support the culture and tourism industries.
DCT Abu Dhabi’s vision is defined by the emirate’s people, heritage and landscape. We work to enhance Abu Dhabi’s status as a place of authenticity, innovation, and unparalleled experiences, represented by its living traditions of hospitality, pioneering initiatives and creative thought.
For more information about the Department of Culture and Tourism – Abu Dhabi and the destination, please visit: dct.gov.ae and visitabudhabi.ae 

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