Market Insight: Video Surveillance Market to Reach $39.3 Billion by 2023

Lucintel has announced the launch of a market research report entitled “Video Surveillance Market Report: Trends, Forecast, and Competitive Analysis.”
This market report for video surveillance identifies and predicts future opportunities for growth in the global video surveillance market for various segments and for the various regions of North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for video surveillance in commercial, government, transportation, and residential sector.
According to our market report, the global video surveillance market is expected to reach an estimated $39.3 billion by 2023 and it is forecast to grow at a CAGR of 9.3% from 2018 to 2023. Some of the dominant players in the global video surveillance market are Hangzhou Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd, Bosch Security Systems, Honeywell International Inc., and Axis Communication among others.
In the video surveillance market, commercial, government, transportation, and residential sector are some of the major segments. On the basis of its comprehensive research, Lucintel forecasts that IP surveillance system is expected to remain the largest system type, and is also expected to witness the highest growth due to growing development of the smart city and smart home applications. Additionally, technological innovations, real-time access, integration of wireless technologies, video analytics, and affordability are the factors driving the growth of the IP camera market. To read more about this report, click below:

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