CCTV camera systems’ market to grow at 12.3% CAGR between 2018 and 2026
The CCTV camera systems’ market is set to grow at an impressive rate over the next 8 years, due to increasing demand in physical security across business and government sectors, a recent market research report has been able to suggest.
The paper from Credence Research suggests that the global CCTV cameras market is expected to witness a growth of 12.3% CAGR during the forecast period to reach US$ 24.0 Bn by 2026.
The drive for enhancing safety and security across various industries is adding to the growth of CCTV cameras market. Technology innovations have made video surveillance options scalable, tailored-made and more affordable for everyone’s purpose than ever before.
CCTV camera technology is continuously undergoing feature refinements for improving its performance in areas such as data storage, wireless communications, automated image analysis, and component miniaturization. A correctly designed, specified, installed, maintained and managed system can be an effective tool for the control and security departments of various organizations and law enforcing agencies.
Based on the model type, dome cameras dominated the model type segment, accounting for 39.16% of the overall market value in 2017. Dome cameras are becoming increasingly popular in the environments where discretion is important. Dome cameras offer a perfect solution and an outstanding image quality across a wide viewing angle.
Based on the technology, analog CCTV systems led the technology segment in 2017. The growth of the segment is mainly attributed to the lower initial costs and the capability of handling low-light situations.
In terms of end-user, the global CCTV cameras market was led by the commercial sector. Growth of this segment is backed by the rising security needs amongst various commercial sectors for protecting their investments, inventory, assets, and employees.
CCTV Surveillance – suppliers of high-end, secure and affordable CCTV camera systems
CCTV Surveillance is the go-to company for complete and comprehensive CCTV solutions that adhere to the highest security standards and don’t break the bank in terms of budgets. In fact, all of our surveillance products are fully compliant with the UK Police Requirements.
The CCTV software enables “live” footage to be viewed remotely from any or all connected CCTV cameras as events happen and without degradation of video quality, allowing you to monitor your premises when offsite.
Furthermore, we make the most to customize your systems in order to deliver the best value for money, all within the limits of a pre-set budget. If you want to find out more about our high-end surveillance and security solutions, our dedicated team is ready to answer all of your questions.