- The key vendors in the global video surveillance market 2016-2020 are Axis Communications, Bosch Security Systems, Hikvision, Honeywell Security Group, Qognify, and Tyco.
London, 09 November 2016: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global video surveillance market 2016-2020. Emergence of wireless IP surveillance is one of the key trends being witnessed in this market. Wireless IP surveillance is a robust and flexible solution that allows surveillance cameras to connect to wireless point-to-multipoint connectivity for easy data transmission in remote locations. The global video surveillance market is expected to grow at a CAGR of 22.76% between 2014 and 2020.
Rising instances of criminal activities in government organizations and enterprises are driving the video surveillance systems market worldwide. Advances in technology in the market are prompting organizations to invest in video monitoring solutions to keep a check on people and their behavior.
“Vendors in the global IP video surveillance market are offering cloud-based video surveillance or VSaaS, which provides numerous advantages such as pay-per-use, low initial investment and maintenance, easy deployment, and instant access,” says Faisal Ghaus, Vice President of Technavio Research.
“VSaaS is currently in high demand among companies ranging from small to large enterprises and government organizations worldwide.”
To define the market conditions 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.
If you are interested in more information on this topic and our upcoming research on the Global Video Surveillance Market 2016-2020, please send an e-mail to media@TechNavio.com
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