The ‘Global CCTV Camera Market Size Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global CCTV camera market, assessing the market on the basis of its segments like camera types, technologies, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
In recent times, security has become a major concern for different sectors, including retail and healthcare. This can be attributed to the increasing prevalence of robberies and thefts, which has encouraged the installation of CCTV cameras in residential, industrial, and commercial areas. Along with this, many high-security areas like laboratories and government buildings use CCTV cameras to provide high-specification video surveillance. Hence, the increasing requirement for video surveillance in day-to-day uses has driven the global CCTV camera market expansion.
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In the commercial sector, CCTV cameras are installed in shops, malls, and public schools, among others, to keep an eye on shoplifters and prevent vandalism. Various governments, under their smart city projects, have also started to install CCTV cameras to make cities safer. Moreover, such cameras find wide usage in the defence sector as they can be used to keep important personnel and border areas under constant surveillance.
The development of new technologies in the field of CCTV cameras is expected to boost the applications of the product. With the integration of artificial intelligence, 4K resolution, and deep learning, CCTV cameras can identify humans, vehicles, and objects, among others, to support the identification of missing persons or catch criminals.
Closed-circuit television or CCTV is a device used for monitoring, recording, and saving video from the area under surveillance. It is widely used in residential areas, banks, financial institutions, and government agencies, among others.
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By camera type, the CCTV camera market is divided into:
Based on technology, the market is categorised into:
By end use, the market is classified into:
The major regional markets of CCTV camera include:
The Asia Pacific is expected to represent a significant share of the CCTV camera market during the forecast period due to increasing smart city projects undertaken by governments. Along with this, there is a growing concern over security and safety in various countries in the region, boosting the installation of CCTC cameras. The presence of key market players in countries like China and Japan is anticipated to further propel the growth of this market in the forecast period.
With the introduction of cloud-based platforms and remote access systems, the requirement to constantly monitor the feed from CCTV cameras has been eliminated. Cloud-based technology allows customers to access the feed on their smartphones and provide them with real-time alerts if something suspicious like a break-in attempt or a broken window is detected.
In various developed countries, advancements in CCTV cameras are leading to the establishment of many private security companies. These companies, in exchange for a fee, install their security system in houses and in case of a break-in or if the customer presses an emergency buzzer, send their security guards to check on customers’ premises. Such quick and trustworthy security systems are expected to positively influence the CCTV camera market demand in the forecast period.
The major players in the global CCTV camera market report are Hangzhou Hikvision Digital Technology Co. Ltd, Honeywell International Inc., Panasonic Corporation, Axis Communications AB, Sony Corporation, Bosch Sicherheitssysteme GmbH, Dahua Technology Co., Ltd, Hanwha Vision CO., LTD., AVTECH Corporation, and Aditya Infotech Ltd, among others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
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Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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The post Global CCTV Camera Market Size to Grow at a CAGR of 11.80% in the Forecast Period of 2023-2028 appeared first on Market Research Report.
Global CCTV Camera Market Size to Grow at a CAGR of 11.80% in the Forecast Period of 2023-2028
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