Portland, OR, Feb. 14, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global 3D surveillance software market was estimated at $110.6 million in 2021 and is expected to hit $211.5 million by 2031, registering a CAGR of 7% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $110.6 million |
| Market Size in 2031 | $211.5 million |
| CAGR | 7% |
| No. of Pages in Report | 260 |
| Segments Covered | Application, Deployment, and Region. |
| Drivers | Rapid adoption of AI technologies & edge computing. |
| Growing importance of surveillance and security at ports, airports, railway stations, and roads. | |
| Restraints | Lack of awareness among the population regarding the availability of 3D surveillance software services. |
| Opportunities | Surge in the adoption of artificial Intelligence (AI), machine learning, light detection and ranging (LiDAR), and other technologies. |
COVID-19 scenario-
- The COVID-19 pandemic has had a positive impact on the market for 3D surveillance software. During the pandemic, several businesses have placed the utmost importance on security and surveillance to safeguard their assets. For example, the government sector has adopted the use of advanced 3D surveillance software to enhances the security of their facilities.
- The pandemic has increased the market demand for 3D surveillance software because of the type of service it provides. This trend is likely to continue the post-pandemic as well.
The global 3D surveillance software market is analyzed across application, deployment, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
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By application, the Industrial segment contributed to more than two-thirds of the global 3D surveillance software market share in 2021, and is projected to rule the roost by 2031. The same segment would display the fastest CAGR of 7.5% throughout the forecast period. The commercial and residential segments are also assessed in the study.
By deployment, the cloud-based segment accounted for the highest share in 2021, generating more than two-thirds of the global 3D Surveillance Software market revenue. The same segment would also portray the fastest CAGR of 8.0% during the forecast period. The on-premise segments are also analyzed in the study.
By region, North America generated the highest share in 2021, holding more than two-fifths of the global 3D surveillance software market revenue. The Asia-pacific region would also manifest the fastest CAGR of 9.4% from 2022 to 2031. The other provinces studied through the report include Europe, and LAMEA.
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The key market players analyzed in the global 3D surveillance software market report include Tacticware Resource Group LLC, Hexagon, Cambridge Pixel Ltd., Dallmeier Electronic GmbH & Co. KG, Northern Digital Inc., Vicon Motion Systems Ltd., OptiTrack, MIRASYS, Surveill 3D, and Noitom Ltd. These market players have embraced several strategies including partnership, collaboration, expansion, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
Key Benefits for Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the 3D surveillance software market analysis from 2021 to 2031 to identify the prevailing 3D surveillance software market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the 3d surveillance software market forecast segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global 3d surveillance software market trends, key players, market segments, application areas, and market growth strategies.
3D Surveillance Software Market Report Highlights
Application
- Commercial
- Industrial
- Residential
Deployment
- On-Premise
- Cloud Based
By Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
- LAMEA (Brazil, Saudi Arabia, UAE, South Africa, Rest of LAMEA)
Key Market Players : Hexagon, Surveill 3D, Cambridge Pixel Ltd., Tacticware Resource Group LLC, mirasys, dallmeier electronic, northern digital inc. (ndi), Noitom Ltd, optitrack, Vicon Motion Systems Ltd.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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