Newark, NJ, May 26, 2022 (GLOBE NEWSWIRE) — As per the report published by Fior Markets, The global Video Surveillance market is expected to grow from USD 35.3 billion in 2019 to USD 46.44 billion by 2027, at a CARG of 11% during the forecast period 2020-2027. Asia-Pacific region has the highest growth rate in the global market of video surveillance owing to heavy investment in smart city projects. Rising security threats and concerns in India, Japan, South Korea and other countries is a factor which increases the need for video surveillance. Also, increasing awareness of security and safety across many verticals like infrastructure, public places and commercial also drives the demand for video surveillance.
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The key players of this market are Axis Communication, Hanwha Techwin Co. Ltd., Hangzhou Hikvision Digital Technology Co. Ltd., Avigilon Corp., Panasonic Corp., Bosch Security Systems, others.
Hanwha Techwin Co. Ltd has launched a business intelligence application which allows retailers to gain a greater understanding of customer behavior and buying pattern.
The system segment includes IP surveillance, analog surveillance, hybrid surveillance. IP surveillance has the highest share owing to its many advantages than an IP camera CCTV system offers over the analog format. The platform segment includes software, hardware and services. Software section has the largest share….
