Critical infrastructure security is of utmost importance, as these facilities continuously face physical intrusions, thefts, terrorism threats, and trespassing issues. Many governments across the world are ramping up their security measures to protect critical infrastructure such as oil & gas refineries, power plants, smart grids, and water utilities from perimeter intrusion attacks. Hence CCTV-based video… Read More »CCTV Camera Market Pegged for Robust Expansion During 2019-2029
Critical infrastructure security is of utmost
importance, as these facilities continuously face physical intrusions, thefts,
terrorism threats, and trespassing issues. Many governments across the world
are ramping up their security measures to protect critical infrastructure such
as oil & gas refineries, power plants, smart grids, and water utilities
from perimeter intrusion attacks. Hence CCTV-based video surveillance systems
are in great demand to protect critical assets within these infrastructures.
Solutions such as IP CCTV cameras, thermal imaging cameras, and AI-enabled
video analytical solutions are increasingly being adopted to ensure robust
video surveillance, and thus, contributing to market growth. The global CCTV camera
market is anticipated to exhibit a CAGR of 6% during the
forecast period of 2019-2029.
Request Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1009
COVID-19 Pandemic Impact Analysis
As global economies are
currently facing a critical crisis situation due to the COVID-19 pandemic
outbreak, this, in turn, is impacting the supply chain and logistic operations
of various video surveillance system manufacturers. Over the past 5 years, the
market for CCTV cameras has grown by almost 6%, globally. In 2019, total value
of the global CCTV camera market is estimated to be nearly US$ 9 Bn. However,
due to the coronavirus outbreak, the need for video surveillance has grown
further in Q1, 2020, which would continue in Q2, 2020, as the demand for public
video surveillance would grow significantly for security monitoring amidst
lockdowns.
“The video surveillance industry is currently seeing innovation in CCTV cameras with AI-enabled capabilities and advanced thermal imaging techniques. These enhanced video monitoring cameras are poised to substantially impact the video surveillance industry in the near term. Moreover, amid the novel coronavirus pandemic, AI technologies bring superior face recognition, object recognition, and event recognition capabilities that can help detect suspected patients of COVID-19.”
Key Takeaways of CCTV Camera Market Study
- North America is expected to hold a significant share in the
global CCTV camera market during the forecast period. - Dome cameras are likely to capture a leading share in the global
CCTV camera market among all model types during the forecast period, as these
cameras are widely used for end-to-end security solutions all over the globe. - By technology, IP/network-based CCTV systems are anticipated to
retain their hegemony in the global CCTV camera market during the forecast
period, as they find immense application in the residential sector. - Demand for CCTV cameras in
the residential sector is estimated to expand at an impressive CAGR. However,
the commercial sector is estimated to continue to hold significant market share
in the global CCTV camera market during the forecast period.
For More Details,
Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-1009
Increasing Adoption of Video Analytics to Propel Sales
Smart CCTV surveillance systems are able to detect, recognize,
analyse, and track people, vehicles, and objects, alike. Video analytics software
built into CCTV face recognition technology also monitors seamlessly in real
time, and adds significant benefits in live-monitored and incident review
operations. Video analytics allows improved operational performance and
increased security monitoring to detect unauthorized physical intrusions across
perimeters.
More Valuable Insights on CCTV Camera Market
Future Market Insights offers
an unbiased analysis of the global CCTV camera market, providing historical
data of 2014-2018 and forecast statistics for 2019-2029. To understand the
opportunities in the CCTV camera market, the market is segmented on the basis
of model type, technology, camera sensor type, and application, across eight
major regions.
Critical infrastructure security is of utmost
importance, as these facilities continuously face physical intrusions, thefts,
terrorism threats, and trespassing issues. Many governments across the world
are ramping up their security measures to protect critical infrastructure such
as oil & gas refineries, power plants, smart grids, and water utilities
from perimeter intrusion attacks. Hence CCTV-based video surveillance systems
are in great demand to protect critical assets within these infrastructures.
Solutions such as IP CCTV cameras, thermal imaging cameras, and AI-enabled
video analytical solutions are increasingly being adopted to ensure robust
video surveillance, and thus, contributing to market growth. The global CCTV camera
market is anticipated to exhibit a CAGR of 6% during the
forecast period of 2019-2029.
Request Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1009
COVID-19 Pandemic Impact Analysis
As global economies are
currently facing a critical crisis situation due to the COVID-19 pandemic
outbreak, this, in turn, is impacting the supply chain and logistic operations
of various video surveillance system manufacturers. Over the past 5 years, the
market for CCTV cameras has grown by almost 6%, globally. In 2019, total value
of the global CCTV camera market is estimated to be nearly US$ 9 Bn. However,
due to the coronavirus outbreak, the need for video surveillance has grown
further in Q1, 2020, which would continue in Q2, 2020, as the demand for public
video surveillance would grow significantly for security monitoring amidst
lockdowns.
“The video surveillance industry is currently seeing innovation in CCTV cameras with AI-enabled capabilities and advanced thermal imaging techniques. These enhanced video monitoring cameras are poised to substantially impact the video surveillance industry in the near term. Moreover, amid the novel coronavirus pandemic, AI technologies bring superior face recognition, object recognition, and event recognition capabilities that can help detect suspected patients of COVID-19.”
Key Takeaways of CCTV Camera Market Study
- North America is expected to hold a significant share in the
global CCTV camera market during the forecast period. - Dome cameras are likely to capture a leading share in the global
CCTV camera market among all model types during the forecast period, as these
cameras are widely used for end-to-end security solutions all over the globe. - By technology, IP/network-based CCTV systems are anticipated to
retain their hegemony in the global CCTV camera market during the forecast
period, as they find immense application in the residential sector. - Demand for CCTV cameras in
the residential sector is estimated to expand at an impressive CAGR. However,
the commercial sector is estimated to continue to hold significant market share
in the global CCTV camera market during the forecast period.
For More Details,
Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-1009
Increasing Adoption of Video Analytics to Propel Sales
Smart CCTV surveillance systems are able to detect, recognize,
analyse, and track people, vehicles, and objects, alike. Video analytics software
built into CCTV face recognition technology also monitors seamlessly in real
time, and adds significant benefits in live-monitored and incident review
operations. Video analytics allows improved operational performance and
increased security monitoring to detect unauthorized physical intrusions across
perimeters.
More Valuable Insights on CCTV Camera Market
Future Market Insights offers
an unbiased analysis of the global CCTV camera market, providing historical
data of 2014-2018 and forecast statistics for 2019-2029. To understand the
opportunities in the CCTV camera market, the market is segmented on the basis
of model type, technology, camera sensor type, and application, across eight
major regions.
