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SOURCE Research and Markets
DUBLIN, February 26, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/5r4r4c/video) has announced the addition of the "Concise Analysis of the International Video Surveillance and VSaaS Market - Forecast to 2019" report to their offering.
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The global market for video surveillance and VSaaS was valued at USD 12.58 billion in 2012 and is expected to reach USD 42.81 billion by 2019, growing at a CAGR of 19.1% during the forecast period from 2013 to 2019. The market is majorly driven by increasing security measures in order to prevent terrorism and crime. In addition, business organizations and general public have started recognizing the need and importance of obtaining useful data from surveillance footage, which in turn, is contributing to the demand of video analytics. Further, owing to the shift from analog to IP cameras, there is need for large capacity storage which is driving the demand for cloud based storage and services (VSaaS).
In recent years, the security of individuals, property and information have become critical global issues. With increasing incidences of terrorism and crime, demand for physical security solutions has peaked. Today, there is a huge need for effective security solutions which can deter criminal activities. For this purpose, video surveillance systems prove to be of great help. Video surveillance can help prevent many undesirable activities by maintaining a vigilant eye on every move at every place of importance and has become a necessity of modern society.
The different components of video surveillance and VSaaS include hardware, software and services. Hardware segment includes cameras, recorders and storage, encoders and monitors while software comprises video management software (VMS) and video analytics. The services can be hosted, managed or hybrid. Among the product segments, camera segment accounted for around 24% share in 2012 of the total video surveillance and VSaaS market. The demand for cameras is driven by increased use in applications such as traffic monitoring, security as well as demographic monitoring. Moreover, upcoming major sports events such as the 2014 FIFA World Cup Brazil, 2016 Brazil Olympics, Sochi 2014 Winter Olympics, and 2018 FIFA World Cup Russia among others are also expected to boost the demand for surveillance cameras during the forecast period. Another important factor to be considered is increasing trend of replacing analog cameras by IP-based cameras in high-end applications which would further drive the market for cameras.
Key Topics Covered:
2 Executive Summary
3 Global Video Surveillance and VSaaS Market Analysis
4 Video Surveillance and VSaaS Market Analysis, by Type, 2013 - 2019
5 Video Surveillance and VSaaS Market Analysis, by Components, 2013 - 2019
6 Video Surveillance and VSaaS Market Analysis, by End Use Industry, 2013 - 2019
7 Video Surveillance and VSaaS Market Analysis, by Geography, 2013 - 2019
8 Competitive Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/5r4r4c/video
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