The Global video surveillance & VSaaS market is expected to reach USD 48.95 billion by 2020, according to a new study by Grand View Research, Inc. Growing number of security concerns on a global level coupled with increased investment in sophisticated surveillance network development is expected to drive the market. Increased demand for traffic surveillance and intrusion detection is also expected to propel market growth over the next six years.
Technological advancement has led to the development of improved surveillance cameras and related devices. Declining IT costs and centralized data management are expected to positively impact the video surveillance & VSaaS market. Privacy concerns associated with public surveillance may restrain market growth. Implementing big data analytics solutions is expected to provide viable growth opportunities to companies operating in the market. Mobile video surveillance allows real-time data viewing, which presents growth potential to the video surveillance market.
Full Research Report On Video Surveillance And VSaaS Market Analysis: www.grandviewresearch.com/industry-analysis/video-surveillance-industry
Global video surveillance & VSaaS market by product, (USD Billion), 2012 – 2020
Further key findings from the study suggest:
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Grand View Research has segmented the global video surveillance & VSaaS market on the basis of product, component, application and region:
Video Surveillance & VSaaS Product Outlook (USD Billion, 2012 – 2020)
Video Surveillance & VSaaS Component Outlook (USD Billion, 2012 – 2020)
Video Surveillance & VSaaS Application Outlook (USD Billion, 2012 – 2020)
Video Surveillance & VSaaS Regional Outlook (USD Billion, 2012 – 2020)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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