Video Surveillance Services Market worth $36.28 Billion by 2018

The report "Video Surveillance Systems & Services Market - (Analog, IP), Components (Hardware [Cameras, Monitors, Storage], Software [Video Analytics, VMS], Service (VSaaS - Hosted, Managed, Hybrid) - Analysis & Forecast (2013 - 2018)" defines and segments the video surveillance system and service market on the basis of a detailedanalysis and forecasting of the global revenues for system types. It also identifies driving and restraining factors for the video surveillance system and service market along with the help of analysis of trends, opportunities, and challenges. The market is segmented and revenues are forecast on the basis of major geographies such as North America, Europe, Asia-Pacific, and Rest of the World (ROW);and sources, applications, and geographic trends and forecasts.

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Applications of video surveillance is not only restricted to homeland security, but include the domains of commercial, infrastructure, industrial and residential (buildings). Although still primarily limited to institutional sectors (governments, controlling forces, transportation systems and educational institutions) IP video surveillance has surfaced as an irreversible trend for the future. IP-based cameras would dominate the existing cameras as improvements in technology will prevail over the costs advantages. However, analog cameras cannot be ruled out from the market as the companies who currently manufacture analog cameras do not remain idle and continue to progress. In U.S., in some of the developed states like New Jersey, it is nearly impossible to travel and not be trapped on cameras. Decreasing cost of surveillance cameras combined with additional funding from the authorities such as U.S. Homeland Security are the driving forces behind the rapid rise in sales of surveillance cameras in the U.S. and other developed countries. And after the Boston bombing incident, MarketsandMarkets believes that the trend will only accelerate in moderate manner.

Video surveillance systems and services have gained a significant traction owing to the role they play in identifying unscrupulous activities. These systems are now characterized as indispensible to the society at large, as they serve the purpose of law enforcement and guarantee public safety. Government organizations are heavily investing on infrastructure surveillance in areas like airport, highways; and transportation segments such as railways, government offices, crowded places, and public institutions. The infrastructure sector recorded a market share of 25.2% of the overall market in 2012.The infrastructure sector includes highways, street and bridges, power sector, and transportation; wherein this surveillance is used to monitor large areas and acts as powerful deterrent of crime.

Browse 112 market data tables and 60 figures spread through 374 pages and in-depth TOC on "Video Surveillance Systems & Services Marke"
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The video surveillance system and service market has undergone a remarkable change over the last decade.  Increased need to deter the crime is making video surveillance system an indispensable tool. The technological advances and the increased use of cloud services are the major driving factors in the video surveillance market. Use of hosted video solutions is cost effective, and is easy to deploy due to limited requirement of infrastructure. In future, increasing awareness of surveillance, may lead to more innovations.

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