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ELECTRONICS & SMART DEVICES

Global Video Surveillance Security Cameras Market Analysis & Opportunity Outlook 2023

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Extensive insights into the Growth of Video Surveillance Security Cameras Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Video surveillance security cameras provide security for workplace and home. Additionally, it provides video data of any occurrence that may have happened or is about to happen. Riding on the back of increased crime rates, urbanization and long hours out of home, the global video surveillance security cameras market is anticipated to reach significant market valuation by the end of 2023 by expanding at a robust compound annual growth rate over the forecast period i.e. 2018-2023. The global video surveillance security cameras market is estimated to expand extensively owing to the ongoing demand for IP enabled cameras with HD video.  

Market Size and Forecast

Factors such as growing criminal and violent activities and increased security concerns in the cities during the night are supplementing the growth of the North America security camera market. Further, the live video feeds required for real time investigation is boosting the growth of the video surveillance security cameras in this region.

Following the same trend, Latin America and Mexico regions are the major markets for the security cameras where the Mexico security cameras market is projected to reach notable revenue in upcoming years. Further, the Asia Pacific video surveillance security cameras market is estimated to expand with substantial growth rate by the end of 2023. Furthermore, rising terrorist incidences combined with growing criminal rate is promoting the demand for security cameras in European cities, thus encouraging the growth of overall video surveillance security cameras market around the globe. CLICK TO DOWNLOAD FREE SAMPLE REPORT

Market Segmentation

By Application

On the basis of application the global security cameras market can be defined into:

  • Commercial
  • Institutional
  • Border security
  • City Infrastructure
  • Residential
  • Industrial

By Type

On the basis of type the global security cameras market is segmented into:

  • Box Camera
  • Dome Camera
  • PTZ Camera
  • Bullet Camera
  • IP Camera
  • Day/Night Camera
  • Thermal (FLIR) Camera
  • Wireless IP Camera and
  • Other

By Components

While studying the global security cameras the market is segmented into:

  • Hardware
  • Software
  • Video Surveillance as a Service (VSaaS)

By Camera Resolution

Depending upon the resolution, global security camera market is segregated into:

  • HD
  • Non-HD
  • Full-HD
  • UHD

By Feature

Based on the features, the global security camera market has been studied and segmented into:

  • Fixed Cameras
  • Moving Cameras
  • Panoramic

By Technology

Further based on the type of technology used, the global security market is classified into:

  • Hybrid
  • IP

 By Region

On the basis of region the Global Security Camera market is segmented into:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and challenges

The widespread adoption of security cameras in various sectors such as education, healthcare and commercial sector is driving the growth of the global security camera market. To promote the terror-free environment, the security cameras find its applications in government buildings and border security among other commercial infrastructure. Additionally, the overall cost effectiveness of security cameras is one the major reasons to bolster the growth of the global video surveillance security cameras around the globe. Further, rising concerns regarding security in residential sector combined with increasing per capita income are some of the ceaseless factors behind the growth of the market.

However, high cost depending on the number of units, monitor systems, lack of skilled workforce to manage security cameras along with low number of standardized security cameras are believed to dampen the growth of the global security cameras market in the future.

Key Players

  • Panasonic Corporation
  • Samsung Techwin
  • Arecont Vision LLC
  • Honeywell International Inc.
  • Bosch Security Systems
  • Canon Inc.
  • Axis Communications
  • FLIR
  • Avigilon
  • Hikvision 

 


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