Over the past few years, IP Video Surveillance Market in particular has seen a sharp increase in demand. The steps taken by state and municipal governments to reduce security dangers posed by terrorists and other offenders support the growth of the IP video surveillance industry. The global IP video surveillance market is expanding as a result of the demand for better surveillance tools and a greater emphasis on attack prevention. The increasing number of terrorist attacks worldwide has prompted governments in many nations to work to avert such a crisis. The global IP video surveillance market has grown as video surveillance has become more prevalent across a variety of industries. To guarantee worker and public safety, process and product quality, and site security, industrial activity monitoring is crucial. Additionally, the convergence of low-cost, high-quality, and high-resolution video monitoring has accelerated adoption across a range of industries. The development of affordable high-definition advanced video surveillance cameras as a result of fierce market competition among the major players has increased demand for IP video surveillance.
The expansion of internet connectivity and infrastructure has also benefited the sector. The increase in crime worldwide, more security and IP video surveillance awareness, and the expanding need for security are further reasons boosting the market’s expansion. Over the course of the forecast period, privacy concerns and a lack of storage capacity are anticipated to impede the growth of the global IP video surveillance market.
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IP Video Surveillance Market Key Players:
Several eminent companies are present in the global IP video surveillance market, including-
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North America, Europe, Asia Pacific, and the Rest of the World have been divided up into regional segments for the worldwide IP video surveillance market (RoW). The largest portion of the global market for IP video surveillance is in North America. IP video surveillance is becoming widely used across several industries in the area at an increasing rate of adoption. The expansion of the IP video surveillance market in North America may also be due to the region’s high disposable income, significant players, and well-established infrastructure. In comparison to other areas, the IP video surveillance market in the Asia Pacific is anticipated to grow relatively more quickly. The market in Asia Pacific is expanding thanks to technological advancements, rapid acceptance, and rising security concerns in the area.
Based on component and application, the global market for IP video surveillance has been divided into segments. The market has been divided into hardware and software segments based on component. Cameras, monitors, and servers are further divided into the hardware category. The software market has been divided further into video management and video analytics. While the software segment is anticipated to grow at a CAGR of 15.01% over the forecast period, the hardware segment was the largest in 2016. In the hardware segment, the camera sub-segment dominated the market in 2016, but over the forecast period, the server sub-segment is anticipated to grow at the fastest rate.
While the video analytics sub-segment is anticipated to gain traction over the forecast period and overtake the video management sub-segment, the video management sub-segment dominated the market in 2016. The market has been divided into BFSI, government, manufacturing, healthcare, retail, and other categories based on application.
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