Pune, India, Dec. 20, 2022 (GLOBE NEWSWIRE) -- The global Surveillance Camera Systems Market size is expected to expand during the projected period due to the increased threat to physical assets due to terrorist activities and digital assets using cyber warfare. Fortune Business Insights™ publishes this information in an upcoming report titled, "Surveillance Camera Systems Market, 2022-2029".
List of Key Players Profiled in the Market Report for Surveillance Camera Systems:
- Bosch Security Systems Gmbh (Robert Bosch GmbH) (Germany)
- Axis Communications AB (Sweden)
- Dahua Technology Co. Ltd. (China)
- Flir Systems Inc. (U.S.)
- Cisco Systems Inc. (U.S.)
- Hikvision (China)
- Huawei Technologies (China)
- Hanwha Techwin (South Korea)
- Genetec (Canada)
- Avigilon (Motorola Solutions) (Canada)
- Qognify (U.S.)
- Panasonic i-PRO Sensing Solutions (U.S.)
- Vivotek (China)
- Aventura Technologies Inc. (U.S.)
- Eagle Eye Networks (U.S.)
- The Infinova Group (U.S.)
- NEC (Japan)
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COVID-19 Impact:
Lack of Production Amid Pandemic To Restrict Market Growth
The outbreak of the COVID-19 pandemic created a huge impact on surveillance camera systems market growth during the pandemic period. The government has imposed strict restrictions on the manufacturing and production units which affected the sales rate and profitability of the companies operating in the industry. Also, revised import/export policies and restricted transportation has affected the market due to a disrupted supply chain.
Segments:
- By camera type, the market is trifurcated into the fixed system, pan-tilt-zoom (PTZ) system, and others.
- Based on location, the market is bifurcated into outdoor and indoor.
- On the basis of product type, the market is divided into IP-based, analog-based, and hybrid.
- According to the resolution capacity, the market is categorized into the non-high definition (HD), high definition (HD), full high definition (FHD), and ultra-high definition (UHD).
- As per the end-user, the market is segregated into a public facility, commercial infrastructure, industrial facility, residential, military & defense, and others.
- The market share is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
The report provides complete factual information regarding the latest trends and developments in the market. Drivers and restraints affecting the global market are highlighted further in this report. Also, the impact of the COVID-19 pandemic and regional market growth is discussed in the report. Furthermore, a list of key market players is given along with the recent product launches and business development strategies adopted by the players is given further.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/surveillance-camera-systems-market-106145
Drivers & Restraints:
Increasing Threats To Bolster Market Growth
The surveillance camera systems are in high demand due to the increasing safety and security concerns. The market is expected to grow prominently due to the rising threat to physical assets due to terrorist activities. Also, increasing threats to digital assets using cyber warfare are anticipated to fuel market growth. Furthermore, the rising adoption of technological advancements and the development of AI-enabled surveillance camera systems is expected to attract numerous customers.
However, the high initial installation cost incurred by customers to establish surveillance camera systems may hinder the market growth in the coming years.
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Regional Insights:
North America Holds Highest Market Share Due To Technological Development
North America is expected to dominate the global surveillance camera systems market share during the projected period due to the region's well-established IT infrastructure. Also, increasing investments in technological development are expected to further drive market growth.
Asia Pacific is anticipated to hold the second-highest market position during the forecast period. Increasing government initiatives to develop smart cities and rising urbanization in developing countries are projected to fuel the regional market growth.
Competitive Landscape:
Strategic Collaboration Allow Companies To Strengthen Their Market Position
The key market players form strategic alliances, collaborations, partnerships, and acquisitions to expand their business reach and propel growth. Also, adopting recent technologies and implementing innovative product development strategies allow companies to enhance their product portfolio.
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Key Industry Developments:
- May 2020: Panasonic i-PRO Sensing Solutions has ventured into collaboration with Genetec. Under this collaboration latest security camera series, i-PRO EXTREME, will use Genetec's Security Center Firmware Vault to provide better protection against cyber-attack threats and ensure better security for the user.
- September 2017: Theia technologies has developed 4K lenses to compliment a new range of 4k analytics-rich cameras and assist 4K resolution systems in surveillance cameras.
Table of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Key Industry Developments - Merger, Acquisitions, and Partnerships
4.2 Distribution Analysis
4.3 Porter’s Five Forces Analysis
4.4 PEST Analysis
4.5 Technological Developments
4.6 Impact of COVID-19
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