Published on : Feb 13, 2017
ALBANY, NY, FEb 13, 2017: The report states that during the period 2017-2021, this market will grow at a CAGR of 6.22%. The report titled ‘Global Homeland Security Surveillance Camera Market 2017-2021’, provides insights into the current scenario and future growth prospects of the said market. The report also offers an overview of the market drivers and challenges, trends, market landscape, and key vendors.
Security surveillance cameras have now become a necessity. The growing number of terror attacks, domestic violence, etc. have made surveillance cameras an integral part of our daily lives. Initially, electronic systems such as the closed-circuit television (CCTV) were mainly used by government agencies or intelligence agencies. But now, their usage can be found in small retail stores, schools, hospitals, corporate offices, residential buildings, and more.
Security surveillance cameras come in handy to monitor the behavior and activities of people and are useful in directing, protecting, and managing them. Security surveillance cameras are also useful in traffic regulation and are widely used in monitoring, managing, and controlling traffic. Furthermore, encouraging safe driving habits and prevention of traffic violations are some of the other uses of traffic surveillance cameras.
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With the integration of internet protocol (IP) technology in surveillance cameras, the growth prospects of the global homeland security surveillance camera market have doubled. IP technology provides advanced functions such as motion detection, remote access, and tamper detection, and eliminates the need for expensive and dedicated cabling. Moreover, it is easy to use, is flexible, and allows multiple users to monitor various places through internet connectivity, thereby increasing the demand for surveillance cameras.
However, there are instances when the CCTV footage is not clear, owing to the quality of the product. Such quality issues can be a major hindrance for market growth. Intense vendor competition, rapid advancements in technology, frequent changes in government policies, and environmental regulations are a few of the factors that limit the growth of the market.
Geographically, the market can be segmented into the Americas, Asia Pacific, and Europe, the Middle East, and Africa. In terms of market share, the Americas are leading the global market for homeland security surveillance cameras and are expected to dominate the market in the forecast period as well. Importance given to the maintenance of border and infrastructure security, disaster prevention and management, cyber security, and public security in the U.S. is very high and the government spends a considerable amount of money in keeping their homeland safe through various security organizations.
The prominent players in the global homeland security surveillance camera market include Bosch Security Systems, CONTROP Precision Technologies, General Dynamics, Silent Sentinel, Dedicated Micros, Honeywell, Vicon Industries, Moog, Baxall, and Mitsubishi Electric.
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