News Feature | December 17, 2014

IP Video Growth Predicted To Surpass Other Segments Of Surveillance Market

Christine Kern

By Christine Kern, contributing writer

IP Video Growth Predicted To Surpass Other Segments Of Surveillance Market

A new market research report finds IP video surveillance is likely to surpass the analog system in 2014 as a result of advantages in terms of quality, scalability, and flexibility.

According to the press release, the report, “Video Surveillance Market by System (Analog, IP) by Hardware, Software & Services, Application (Infrastructure, Commercial, Institutional, Industrial and Residential), and Geography — Global Trends & Forecasts to 2013-2020,”
the global video surveillance market is expected to climb from $13.98 billion in 2013 at a CAGR of 16.97 percent to reach $42.06 billion by 2020. The IP surveillance market is expected to grow at a CAGR of 23.51 percent.

North America is the biggest IP video surveillance market, followed by Europe and APAC. This growth is heralded by increased awareness regarding the IP system across the globe.

According to the press release, the report profiles the major companies active in this field, including Axis Communications AB (Sweden), Avigilon Corporation (Canada), Bosch Security System, Inc. (U.S.), and Pelco by Schneider Electric (U.S.) among others. It details the whole value chain of the market, including parent markets and sub-markets in the industry, identifying the total potential market available to be tapped by the industry.

As part of the analysis, the report examines the role of rising crime rate and security concerns as they relate to video surveillance system needs. The report reflects the growing demand for video surveillance systems, considering this market is expected to grow at a CAGR of 16.97 percent in the coming future.
The report also analyzes the key players and strategies of the industry to illustrate the competitive landscape to gain traction in the market. It includes market segmentation data, a qualitative analysis of various market dynamics such as the drivers, restraints, opportunities, burning issues, and winning imperatives, and various modeled analyses of the overall market.