Published on : Feb 28, 2017
ALBANY, NY, Feb 28, 2017: The report furnishes a detailed analysis of the wireless video surveillance market, wherein the key trends, opportunities, growth drivers, and restraints have been discussed, along with relevant statistical data, figures, and charts.
Wireless video surveillance systems have grown to be a reliable tool in law enforcement, security, and safety. Through the deployment of these systems, law enforcement vehicles can easily have access to real-time video streaming while driving to the crime scene. Due to the high expenses of trenching and wiring required by wired technologies, the shift to wireless technologies has called forth the attention of numerous industry professionals.
Lately, several enterprises have been switching from analog to IP cameras, boosting the growth prospects for the market. This trend will allow numerous end users to envelop a vast area for surveillance. Therefore, monitoring over a large distance is possible in places such as stadiums, plots of land, campuses, hotels, and city surveillance projects. Unlike analog wireless transmission, the IP-based wireless transmission produces high-resolution videos.
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Easy installation, high flexibility, enhanced quality, scalability, and easy accommodation of these devices are factors responsible for their growing popularity. Furthermore, these systems need low maintenance. They are not expensive, and their installation does not cost much as the labor is cheap. Prevention of third-party control, built-in IP cameras that enable image encryption, multi-level access control, and point-to-point links are some of the prominent features of these systems. These advantages offered by the wireless video surveillance systems will fuel the growth of the market.
Based on end user, the global market for wireless video surveillance is categorized into commercial, residential, and industrial segments. Of these, the commercial sector achieved the lion’s share in 2016, and is likely to retain its dominance over the next few years. The growth of this segment can be attributed to the increasing adoption by retail firms. As the necessity of monitoring the premises of several institutions and organizations grows stronger due to the threat of unauthorized access, the commercial segment is likely to exhibit growing demand over the following years.
Based on geography, the global wireless video surveillance market has been segmented into the America, Europe, Middle East and Africa (EMEA), and the APAC. The Americas claimed the major portion of the global market shares in 2016, and are expected to keep possession of their standing in the global market. However, being early adopters of wireless video surveillance systems, the Americas might reach saturation soon.
Some of the major companies operating in the global wireless video surveillance market are FLIR Systems, Cisco Systems, Frontpoint Security Solutions, Bosch Security Systems, Swann, LaView Eagle-Eye Technology, Hangzhou Hikvision Digital Technology, Toshiba, GO2Tech, D-Link, RadiusVision, Motorola Solutions, and Sentry Communications and Security.
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