By Kalwinder KaurJun 19 2012
MarketsandMarkets’ new research report, entitled ‘Video Surveillance Market - Global Forecast & Analysis (2011 – 2016): By Products (IP, Analog, Remote, Mobile); Components (Cameras, Storage Devices, Software, System Management); Applications (Infrastructure, Commercial, Institution, Industrial, Residential); System Services,’ has predicted that the market for total video surveillance applications will grow at 19.35% CAGR between 2011 to 2016 to reach a value of $25.43 billion in 2016.
Governments all over the world are investing more in video surveillance technologies to improve homeland security due to raising concerns over terrorist activities and security. This is a major driving factor for the global video surveillance market. In addition to homeland security, video surveillance finds use in residential, industrial, infrastructure, institutional and commercial applications.
Video surveillance is now shifting towards computer networks, broadcasting video through IP protocol in the Internet or Intranet. Smaller users are currently not able to use video surveillance due to high costs and the need for computer and network setups.
In the report, the global video surveillance market is classified based on products, components applications, and geography. The product market is classified into two types such as IP video surveillance system and Analog video surveillance system. The report discusses the markets for all video surveillance system components, including video cameras, monitors, storage, video analytics, system management and servers, in detail.
The application market is categorized into commercial applications, residential applications, institutional applications, and industrial applications. The infrastructure applications are further segmented into transportation, energy, stadiums, streets and bridges, highways, parks and playground. The commercial applications are classified into healthcare, retail, lodging, office and warehouse non-production applications. The institutional applications are segmented into public recreation, amusement park, religious buildings, government buildings and educational buildings. The report discusses market trends and forecasts for these applications in detail.
Geographical markets covered in the report include North America, Europe, Asia Pacific and Rest of the World.
Source: http://www.marketsandmarkets.com
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