London, 27 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global wireless video surveillance market 2015-2019, which is expected to grow at a CAGR of 21.35% during the forecast period of 2014-2019.
Increasing incidence of violent crimes is expected to bolster the demand for video surveillance devices globally. Criminal threats faced by organizations have prompted them to adopt video monitoring systems that keep a track of people entering their facilities. Such systems have a centralized monitoring station, which ensures security even when organizations are geographically diversified. Recent technological advances have led to the development of edge-based surveillance, which is introduced to fill the gap between a low-budget video surveillance system and a high-resolution video surveillance system. Such technological innovations have made the adoption of wireless video surveillance solutions affordable for cost-conscious organizations.
“Wireless IP surveillance is a highly affordable and easily deployable technology that combines wireless data transmission and IP video surveillance technologies to overcome various challenges such as lack of network infrastructure and lack of connectivity in remote locations,” says Faisal Ghaus, Vice President of Technavio.
“Wireless IP surveillance is a robust and flexible solution that allows surveillance cameras to use wireless point-to-multipoint connectivity for easy data transmission to remote locations. Thus, outdoor locations that require surveillance do not need expensive cabling to connect to a network.”
Key Market Drivers:
- Increasing Demand for Wireless Network Infrastructure.
- Growing Need for Security.
- Growing Importance of ITS.
- Shift of Governments toward Wireless Video Surveillance.
Key Market Trends:
- Emergence of Wireless IP Surveillance.
- Increasing Number of Partnerships.
- Increased Demand from Emerging Countries.
- Usage of Surveillance Systems in UAVs.
Key Market Vendors:
- Axis Communications AB
- Bosch Security Systems
- Cisco Systems Inc.
- Hikvision Digital Technology Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
