TechNavio recognizes the following companies as the key players in the Global Intelligent Video Surveillance Market in the Retail Industry: Axis Communications AB, Hikvision Digital Technology Co. Ltd., Panasonic Corp., and Robert Bosch GmbH.
Commenting on the report, an analyst from TechNavio’s team said: “The Global IVS market in the Retail industry is witnessing the increased adoption of intelligent IP video surveillance among end-users. The advent of wireless IP cameras has further fuelled this adoption. The intelligent IP video surveillance systems allow the cameras to be installed anywhere and reduce the need for complicated proprietary hardware and dedicated monitors. Furthermore, these systems can be operated from a centralized server/control room, which, in turn, enables high level surveillance with less people. These systems can scale easily from one to an unlimited number of cameras and can be accessed through any authorized computer/laptop or any other devices with an internet connection. These factors are propelling the demand for intelligent IP video surveillance, which, in turn, will contribute revenue to the Global IVS market in the Retail industry during the forecast period.”
According to the report, the Global IVS market in the Retail industry is driven by many growth factors, one of which is increasing retail shrinkage. Retailers across the world are facing loss of revenue due to increasing retail thefts. The resulting loss in revenue is not only affecting their profitability but also resulting in increased expenditure on security measures.
Further, the report states that the Global IVS market in the Retail industry is confronted by some major growth inhibitors. The need for the high initial investment cost of IVS systems is one of the major challenges confronted by the Global IVS market in the Retail industry. Although the prices of IVS components are decreasing, still, their implementation requires a huge initial investment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-intelligent-video-surveillance-ma…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Intelligent Video Surveillance Market in the Retail Industry 2012-2016
