Mandatory security Surveillance could boost the Video Surveillance Market

The objective of the report is to provide a detailed analysis of the video surveillance market based on system, offering, vertical, and regions. The increasing concerns for public safety and security, growing adoption of IP cameras, and growing demand for DIY and spy cameras are the key factors driving the video surveillance market growth.

The video surveillance market was valued at USD 36.89 Billion in 2018 and is expected to reach USD 68.34 Billion by 2023, at a CAGR of 13.1% during the forecast period. The base year considered for the study is 2017, and the forecast period considered is between 2018 and 2023

This report segments the video surveillance market on the basis of system, offering, vertical, and region. The video surveillance market based on systems has been segmented into analog video surveillance systems and IP video surveillance systems. The market for IP video surveillance systems is expected to grow at a higher CAGR between 2018 and 2023. The market for IP video surveillance systems is expected to grow at a rapid pace in the near future owing to the technological advancements in IP cameras and advantages offered by IP cameras such as superior image quality, scalability, and flexibility, and reliability.