The increasing need for security is driving the growth of the global video surveillance market. The video surveillance market is expected to grow from $11.5 billion in 2008 to $37.7 billion in 2015 at a CAGR of 20.4% from 2010 to 2015.
The camera accounted for almost 47% of the total video surveillance market in 2008 and is expected to grow at a CAGR of 21.1% from 2010 to 2015. The software market is expected to grow at the fastest rate with a CAGR of 21.7% from 2010 to 2015 owing to the introduction of video analytics which makes the video surveillance system intelligent. The market for storage is expected to grow at a comparatively low rate owing to the introduction of VSaaS (Video surveillance as a service). The players of video surveillance market as well as IT industries have together introduced the concept of cloud computing in this market. Video surveillance is now offered as a service to the end users. The desired location is monitored with the help of cameras and the recordings are stored by the service providers; which eliminates the need for storage at each site.
Asia Pacific offers a lucrative market to video surveillance players; thanks to developing countries like India, China and so on. The video surveillance market is experiencing a shift from analog to IP and the players of this market are focusing on developing new products.
Some of the key players in this market include Axis Communications (Sweden), Pelco (U.S.), Mobotix (Germany), Sony (Japan) and Bosch Security Systems (Germany), Cisco (U.S.), Milestone (Denmark) and ONSSI (U.S.), among the others.
This analyst briefing focuses on the global video surveillance market over the period 2010-2015.The agenda for briefing includes discussion on key high growth markets, marking the growth trend in the video surveillance component and applications market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the markets with respect to North America, Europe, Asia Pacific, and ROW.
MarketsandMarkets (M&M) is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.
M&M covers thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website www.marketsandmarkets.com
Note: An email containing the Login Details and Time of the Analyst Briefing will be sent to you soon after your registration.