How will IP Surveillance Market look like by year 2020?
Allied Market Research published a forecast report on IP video surveillance industry around the globe by 2020. The results are staggering. It is expected that video surveillance market reach to $57.3 billion by 2020. The main contributors to this increase is the adoption of advanced surveillance systems by the government sector.
North America is expected to experience the highest share in the IP surveillance market by 2020 with a predicted value of $18,741.6 million in 2020, but the market in Asia Pacific is expected to grow with the highest compound annual growth rate (CAGR) (44.3%) during the period from 2013-2020. Growth in the market is expected to be aided by what the report calls an "evolutionary phase" in developing countries, including those in Asia Pacific.
The report from Allied Market Research segments the IP surveillance market based on products (hardware, software, services), application (Including banking and financial, government, retail, healthcare, manufacturing, and casino/entertainment) and geographies, and focuses on the components that are driving the market. These include video analytics, video management, cloud-based storage, VsAAs. Key audiences are also identified in the report, and these include camera manufacturers, system integrators, IP surveillance providers, software developers, cloud-based solution providers, and academic and research institutes.
The report also identifies key players of the IP surveillance market: Avigilon Corporation, Axis Communication AB, D-Link Corporation, Genetec, March Networks, Milestone Systems, Panasonic Corporation, Mobotix AG, GeoVision Inc,. and Arecont Vision.