Knowledge Sourcing Intelligence announces the publication of a new report on “Video Surveillance Market – Forecast from 2020 to 2025” to their offering.
Video surveillance solutions are utilized to monitor the monitoring of the activities of an individual or a group of individuals over a specified area. Owing to the rise in criminal activities that result in frequent security breaches or poses a plausible threat of a security breach, the global Video Surveillance Market will witness a surge in the adoption of such solutions.
According to the report, the Video Surveillance market is projected to grow at a CAGR of 15.88% to over the forecast period 2019-2025. With a fragmented customer base that is spread across various industries across the globe and the significantly low cost in video surveillance solutions adoption is one of the major factors that is set fuel the video surveillance market growth. Further, there exists a large number of suppliers who are catering to this growing demand for the video surveillance market. Further, the growing availability of unmanned flying drones is set to catapult the video surveillance market to a new zenith. Besides the rising incidents of security breaches, vandalism and destruction of properties, terrorist activities are also responsible for driving the growth of this market.
Furthermore, the budget allocation by various government agencies across the globe too will fuel the video surveillance market growth. To this end more than 5.9 million cameras have been installed by the United Kingdom at places of national and public importance like heritage buildings, hospitals, schools, public transportation hubs, streets, and the likes., as per a report by British Security Industry Authority (BSIA). Besides, private companies too are increasingly investing in loss prevention measures that not only include those that could be a result of an imminent threat, machinery or system failure but also to monitor worker productivity thereafter result in the streamlining of the operation. In this manner, the organizations across the globe are successful in preventing current as well as a foreseeable loss of revenue. The video surveillance solutions encompass advanced project consulting, installation support, configuration and security evaluations, wireless network design among others.
The major players covered as part of the report are Axis Communication AB, Bosch Security Systems, Canon Inc., Cisco Systems, Geovision Inc., Honeywell International, Inc., Infinova Corporation, Johnson Controls, Motorola Solutions, Inc. and Pelco, among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-video-surveillance-market
In this report the video surveillance market has been segmented based on the following: