Global Video Surveillance as a Service Market 2017-2021
About Video Surveillance as A Service
Video surveillance is the process of monitoring or observing the activities, behavior, or movements of an individual or a group to provide enhanced security. It is used by retail stores, government departments, hospitals, transportation and logistics companies, and law enforcement agencies to prevent criminal activities. Integration of the video surveillance solutions gives a centralized method for the enterprises to enhance their surveillance capabilities.
Technavio’s analysts forecast the global video surveillance as a service market to grow at a CAGR of 27.45% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global video surveillance as a service market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of cloud-based video surveillance.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Video Surveillance as A Service Market 2017-2021
Technavio recognizes the following companies as the key players in the global video surveillance as a service market: Axis Communications, ADT Security Services, Genetec, and Panasonic.
Other Prominent Vendors in the market are: Advanced Control, Avid Communications, Cloudastructure, ControlByNet, Iveda Solutions, Neo IT Solutions, NW Systems Group, Pacific Controls, and VIVOTEK.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increased adoption of thermal cameras. Thermal cameras use infrared radiation to capture images. Though these cameras are expensive, they are heat and water-resistant and are ideal for monitoring large-scale or unique outdoor environments such as heavily forested areas that have obstructions that make viewing difficult. The use of thermal cameras has become more prevalent because of increased government grants for the purchase of surveillance equipment.”
According to the report, one of the major drivers for this market is declining prices of cameras. The prices of security solutions, such as IP cameras, are quickly dropping and with a new array of technologies, there is no need of an internal server to store the camera data as it will be stored in the cloud. This will make it easier and cost-effective to install security solutions.
Further, the report states that one of the major challenges in providing a hosted video service is the cost of transmitting video. As the video from a customer’s site must be transmitted to the service provider, both sites should have high-speed Internet connection.
Axis Communications, ADT Security Services, Genetec, Panasonic, Advanced Control, Avid Communications, Cloudastructure, ControlByNet, Iveda Solutions, Neo IT Solutions, NW Systems Group, Pacific Controls, VIVOTEK.
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