Research and markets reports have announced that they will offer an in-depth analysis and Global-forecast of the Video Surveillance System market. The report is termed as “Video Surveillance System (Camera, Storage, Monitor, Software & Services) Market Size: Global Analysis & Forecast – 2014 To 2020” which is an intensive 182 page long analysis of the video surveillance System market which ranges from cameras, software and services.
Video Surveillance System market
The report is based on 50 market data tables and 40 figures, which also gives us a fair idea of the growth of the market and predictable growth in future. The report also covers the market trends in the electronic components market and geographical analysis subjected to each product of the segment.
The first ever CCTV cameras were found and put to use in Britain ever since 1950s and the Video Surveillance market has come across a long way to attaining this state of success and utilization growth. The market has been successful in producing advanced and cost efficient cameras with higher storage mediums and usage of better software and technologies like RFID (Radio Frequency Indication) tags have efficiently increased security in areas such as retail outlets.
The market ecosystem is slowly becoming digital from the legacy system of analog cameras with the help of evolution of IP cameras. The report firmly states that these IP cameras would soon be dominating the market by giving it better features like cost-efficient high resolution videos along with remote location and local accessing/monitoring.
The report has been completed through a thorough understanding of the entire value chain market with the help of insights given by 30 key industry players and subject experts. The BIS report has thus been to efficiently cover the entire ecosystem of the video surveillance market right from software, equipment and services.
The key market trends, challenges and opportunities have been clearly highlighted in this report. The key trends of this current year and forecast years have been precisely identified along with market statistics that are to be dealt at the global market.
The report has segmented the video surveillance equipment into three major categories namely, cameras, monitors and storage, where the cameras segment has further been divided in terms of technology as connectivity, product type and resolution. The storage segment is then divided into media and technology.
The video analytics and Video management software (VMS) are the major software used in the market which is dealt by the Video Surveillance software and service market. By the end of the report, the report claims that even though the Video Surveillance is at its nascent stage, its expected to grow at a double digit CAGAR during the forecast period accounting to over $5.18 billion by 2020. Thus, if the reports are to be believed there are excellent and busy working days for the Video surveillance market.
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