About Wireless Video Surveillance
WVS connects wireless network access points to surveillance equipment, such as cameras, storage devices, and video recorders. This helps in efficient monitoring from a remote location and negates the need for investment in the setting up of network infrastructure. WVS includes components such as digital cameras, mesh network nodes, gateway nodes, backhaul units, servers, and monitoring stations (equipped with surveillance). WVS provides security to critical infrastructure, such as airports and cities, without any additional wiring and maintenance costs. It reduces the installation cost and the cost of hiring professionals to do that work.
Technavio’s analysts forecast the global wireless video surveillance market to grow at a CAGR of 21.01% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global wireless video surveillance market for 2017-2021. To calculate the market size, the report considers the revenue generated from the global sales of WVS cameras.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Wireless Video Surveillance Market 2017-2021
Technavio recognizes the following companies as the key players in the global wireless video surveillance market: Bosch Security Systems, Cisco Systems, and Hangzhou Hikvision Digital Technology.
Other Prominent Vendors in the market are: D-Link, FLIR Systems, Frontpoint Security Solutions, GO2Tech, LaView Eagle-Eye Technology, Motorola Solutions, RadiusVision, Sentry Communications and Security, Swann, and Toshiba.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emergence of thermal cameras. Thermal cameras use infrared radiation to capture images. These cameras are expensive, but they are heat and water-resistant and are ideal for monitoring large-scale or unique outdoor environments, such as heavily forested areas, that are difficult to view due to obstructions. The use of thermal cameras has become more prevalent due to the increased government grants for the purchase of surveillance equipment.”
According to the report, one of the major drivers for this market is shift from analog to IP cameras. Several enterprises are shifting toward IP cameras due to the various advantages they offer. The total cost of ownership of IP cameras is much lower than analog cameras, which includes the costs of installation, maintenance, and labor. These cameras are flexible, scalable, and can be easily installed. Hence, they can be adapted to the changing needs of a customer. They can easily be integrated with the existing security devices
Further, the report states that one of the major challenges in the market is the lack of awareness about advanced technologies such as WVS and IP video surveillance. This awareness can provide an understanding of the security risks and threats that are faced by organizations and can help them take effective security measures in a cost-effective manner. It also highlights the responsibilities associated with security policies and practices. Compromising on security can be detrimental to organizations.
Bosch Security Systems, Cisco Systems, Hangzhou Hikvision Digital Technology, D-Link, FLIR Systems, Frontpoint Security Solutions, GO2Tech, LaView Eagle-Eye Technology, Motorola Solutions, RadiusVision, Sentry Communications and Security, Swann, Toshiba.