Video Surveillance Market to Exhibit 6.8% CAGR till 2026; Integration of Analytics in Network Cameras to Augment Growth

The global video surveillance market size is projected to reach USD 33.60 billion by 2026. It is set to gain traction from the rising integration of analytics in the network cameras. It is occurring because of the easy availability of state-of-the-art microprocessors. The integration process aids in providing the user with early identification and detection of criminal events. Fortune Business Insights™ mentioned this information in a report, titled, “Video Surveillance Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Video Surveillance as a Service (VSaaS)), By End-User (Commercial, Industrial, Residential and Government), and Regional Forecast, 2019-2026.” As per the report, the market stood at USD 19.12 billion in 2018. However, it is set to exhibit a CAGR of 6.8% during the forecast period between 2019 to 2026.

FLIR Systems Launches Ranger HDC MR Surveillance System

In March 2020, FLIR Systems, a designer and producer of thermal imaging cameras, components, and imaging sensors based in the U.S., unveiled its new surveillance system called Ranger HDC MR. It would offer high-definition surveillance in a range of weather conditions against illegal activities. It includes a as an optional Merlin ASX turbulence filter, as well as a built-in fog filter to prevent haze created by air and heat.

The system is also capable of utilizing artificial intelligence (AI) image processing to ensure reduced maintenance and downtime requirements and faster decision-makings. In addition to that, the thermal imager has a 1920mm x 1080mm HD colour TV camera and a 1280mm x 720mm detector. The product can also be integrated with other sensors, making it very useful for C-UAS applications.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/video-surveillance-market-102673

Increasing Adoption of Body-worn Cameras to Aid Growth

Nowadays, body-worn cameras are being used at a fast pace by the law enforcement agencies and security forces across the globe. It is thereby, leading to the rising adoption of such cameras in a wide range of industries, such as retail and healthcare. These cameras possess numerous advantages in hospitality industry as well to aid in preventing unusual activities, enhancing workforce protection, and improving consumer relations. Besides, a body-worn camera helps the employees in sending real-time notifications and notifications to the security authorities, as well as capture events.

Furthermore, the outbreak of covid-19 pandemic started in Wuhan, China back in December 2019. As China is considered to be one of the major video surveillance equipment manufacturing hubs, the market would be affected negatively owing to the lack of man-power. Apart from that, several countries in North America and Asia Pacific are under lockdown. It is projected to cause a severe impact on the cross-border and domestic transportation and logistics these systems. These factors are set to create a barrier to growth for medium to long term period.

Key Manufacturers Engage in Partnerships to Gain Competitive Edge   

The market consists of reputed industry giants, such as Zhejiang Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology, Pelco, and more. These companies are striving persistently to get the latest insights of the video surveillance market trends. It is aiding them in conducting research and development activities to introduce new video surveillance systems to meet the demand of their consumers. They are also focusing on the strategy of collaboration to strengthen position in the market.

Fortune Business Insights™ lists out the names of all the organizations present in this market. They are as follows:

• Avigilon Corporation


• Axis Communications AB


• BCDVideo


• Bosch GmbH


• Dahua Technology Co., Ltd.


• FLIR Systems, Inc.


• Hangzhou Hikvision Digital Technology Co., Ltd.


• Honeywell International, Inc.


• Huawei Technologies Co., Ltd.


• Panasonic Corporation


• Pelco

A Noteworthy Industry Development-

• August 2019: Dahua Technology, a provider of video surveillance services and products headquartered in China, teamed up with Pepper, an IoT platform-as-a-service. The main aim of this collaboration is to enable the integration of Dahua hardware into the latter’s intelligent solutions. It would help Dahua’s hardware in becoming a part of feature-based, secure, and comprehensive service framework.

Further Report Findings-

• Asia Pacific procured USD 10.58 billion market revenue in 2018 owing to the major contributions by China. The country’s government has been taking persistent initiatives, such as ‘Sharp Eyes’ and ‘Skynet video surveillance program’ to promote the usage, as well as to create the largest network worldwide, respectively.


• Europe is likely to grow higher growth in the coming years because of the introduction to big data public tranquillity projects by several industry giants.


• In terms of end user, the industrial segment held 21.4% video surveillance market share in 2018 on account of the increasing cases of vandalism and theft of raw material and expensive machines in the manufacturing sector.

This market is segmented into: