CCTV Video Surveillance Market to Reach $63.2 billion by 2022
Comments Off on CCTV Video Surveillance Market to Reach $63.2 billion by 2022
The CCTV Video Surveillance market is set to grow at a CAGR of 18.2% over the next few years, reaching an estimate $63.2 billion by 2022, a recent market research report has been able to suggest.
The increasing crime rates, smart phone applications, compatibility with existing network, rising security concerns in all regions, and advanced high power embedded processor for real-time monitoring are fuelling the market growth of video surveillance, the paper from Wiseguyreports has suggested.
IP-based video surveillance is expected to grow at a CAGR of around 25% during the forecast period due to increasing demand for surveillance cameras. Hardware dominated the video surveillance market with more than 85% of share among the global market. Cameras held the major share in hardware video surveillance market. Functional competences, standard based open architecture, and reduced cost of ownership are the factors fueling the hardware market growth.
North America is the leading video surveillance market, accounting for more than 32% of the share. U.S. commanded the largest share among the North American region. Asia Pacific is expected to witness significant growth rate due to growing demand for smart imaging of everything and rapid growth in GDP.
CCTV Surveillance – experts in deploying advanced CCTV systems that meet the customers’ specific requirements
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.