Wireless Video Surveillance Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 - 2027
Report ID: GMI4910
Wireless Video Surveillance Market size will experience significant growth during 2021 to 2027. Increasing number of terrorist & antisocial activities such as murder, theft, and hit & run cases occurring around the world is fueling the industry growth. These activities have given rise to concerns regarding public and infrastructure safety. Individuals have been installing CCTV cameras in their households to protect themselves against any kind of criminal activity.
Enterprise infrastructures have been deploying CCTV cameras in their offices as a safety precaution and to monitor the movement of people on their premises. Various live events also require a huge number of wireless surveillance cameras for the safety of the people, who would be attending the event. Recording of the surveillance cameras has often been used to catch or identify criminals by security agencies of various countries.
The other major driver of this wireless video surveillance market is the initiative taken by various governments across the world to convert cities into smart cities, these projects require video surveillance throughout the whole city. This initiative of whole city surveillance is not only for public safety but will also help in reducing road traffic. The surveillance data will be pushed to the cloud, helping passengers to know which road should be taken for commuting. These smart city projects deploy IP cameras across the whole city as these cameras can be connected to the Internet directly.
Currently, there are more than 443 smart city project initiatives, spanning 283 cities around the whole world. These initiatives will increase when more countries start adopting technology to provide an easy living to their population.
With IP cameras being adopted in most of the smart city projects, they create a huge challenge for this market, in terms of data security and data integrity. These IP cameras convert the video into IP packets that need to be stored somewhere. Governments across the globe plan to install these cameras across their cities, creating zeta bytes of data every single day that needs to be collected and stored in a very secure manner.
Hackers around the world would try to target this surveillance data as it can be very beneficial for any kind of criminal activity planned against the state. Data security and data integrity will create a hindrance to wireless video surveillance market unless proper steps are taken in training and managing this data.
The demand for Video Surveillance analytics and Video Surveillance as a service (VSaaS) will be a great opportunity for players in this market to explore the capabilities of new technologies such as Big Data, IoT, and cloud-based services, in terms of wireless video surveillance. Certain players have already started exploring the advantages of these technologies in this industry; for instance, Bosch Security has recently revealed that they are planning on creating video surveillance cameras with IoT-enabled sensors, which would enhance the safety capability. Wireless video surveillance has now evolved into smart wireless video surveillance.
The video surveillance cameras will be in demand, especially IP cameras, as they can directly connect to the Internet which is not possible with normal CCTV cameras. Due to the deployment of various cameras across the city, there will be a huge requirement for monitors, which will be used to monitor the movement of people. Initiatives, such as smart cities, will also create a demand for storage devices due to the humungous data traffic that would be created.
Asia Pacific wireless video surveillance market is predicted to capture largest share by 2027 driven by smart city initiatives and increased criminal activities that the region suffers from, thus creating a huge concern for public safety in this region. The region will be followed by North American where the demand for these types of equipment will be generated from the military & defense sector as there has been an increasing adoption of facial surveillance in this sector and rising government initiatives to install video cameras at public places such as liquor shops, supermarkets, public parks, etc.
Some of the prominent players operating in the wireless video surveillance market include Bosch Security, Hikivision, Cisco Systems, Inc., Axis Communications, Tyco, Seon, Motorola Solutions, Frontpoint Security, and Genetec. Market players have relied upon product innovation and strategic agreements to strengthen their market presence. For instance, in October 2020, Hikvision launched ColorVu cameras for more vivid 24/7 colorful imaging and has included 4K & varifocal options in the full-color offerings.
This market research report on wireless video surveillance includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027, for the following segments:
Wireless Video Surveillance Market, By Component
Market, By System Type
- Analog Video Surveillance
- Digital Video Surveillance
- Hybrid Video Surveillance
Market, By Enterprise Size
- Small & Medium Enterprises (SMEs)
- Large Enterprises
Market, By End-use
- Government Facilities
- Real Estate
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Australia & New Zealand (ANZ)
- South East Asia
- Latin America
- Saudi Arabia
- South Africa
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