Global Video Surveillance (Analog & IP) Market 2015-2019 with Axis Communications, Bosch Security Systems, Cisco, Honeywell Security, NICE Systems & Tyco International Dominating

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Apr 08, 2015, 08:34 ET

DUBLIN, Apr. 08, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/ltk2jk/global_video) has announced the addition of the "Global Video Surveillance Market 2015-2019" report to their offering.

The Global Video Surveillance market to grow at a CAGR of 24.08% over the period 2014-2019

Video surveillance involves monitoring of premises with the help of cameras; it helps safeguard critical infrastructures, hardware, and networks. It captures movements of individuals and analyzes their behavior and, therefore, is a useful tool for law enforcement agencies dealing with terrorist elements. Video surveillance solutions enable proper integration among devices and centralize the overall surveillance paradigm.

One major trend being witnessed in this market is the emergence of edge-based video surveillance, which offers high-resolution imaging, but at low costs. The edge-based surveillance systems have inbuilt camera storage and processing systems that reduce the overall cost of video surveillance.

According to the report, a major factor driving this market is the need for high-resolution imaging. A number of vendors offer cameras with the capability of creating high-megapixel imaging. A clear image captured by surveillance cameras enables a perfect view of the areas under surveillance, and this can be used to identify and catch criminals responsible for an attack. It can also track the movement of individuals on the premises.

Further, the report states that the overdependence on prevailing economic conditions worldwide is a major challenge in the market. Changes in the monetary and fiscal policies of a region can affect the buying pattern of consumers. Hence, the increasing prices of video surveillance products may restrict customers from adopting the same.

To calculate the market size, the report considers the revenue generated from the sale of: