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Global Video Surveillance As A Service Market worth $2,390.9 Million by 2017

The evolution and advances in video surveillance market provides significant opportunities to improve security. This basically includes camera, recorder, software, and monitors. With the emergence of networked Internet Protocol (IP) video surveillance cameras along with the rising use cloud services, video surveillance is moving beyond traditional security and into new applications such as transportation, government, retail sectors and so on. Increased demand from consumers, business sectors, and government has increased the growth of video surveillance as a service due to its efficiency.

The advances video surveillance system is extremely sophisticated with night vision capabilities, motion detection, and automatic tracking capabilities which offer better and efficient way of monitoring. The top revenue generators to the video surveillance market are North America and Asia pacific. Asia pacific is showing larger growth due to the development in China, India, South Korea and Japn. Major companies in video surveillance market include companies such as Axis communication (U.S.), Bosch Security System (Germany), and Hangzhou Hikvision Digital Technology (China) and Pelco by Schneider Electric (U.S.) continue to dominate in video surveillance market.

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The revenue for the overall Video Surveillance market is expected to grow from $11.7 billion in 2012 to $36.28 billion in 2018 at an estimated CAGR of 20.08%. the IP market is expected to grow from $5.41 billion in 2012 to $25.03 billion in 2018 with an estimated CAGR of 28.9% from 2013 to 2018. In 2012 the analog market is estimated to be $6.36 billion and expected to reach $ 11.25 billion by 2018 with a CAGR of 9.7% from 2012 to 2018.

The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the video surveillance applications market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro and micro-markets with respect to North America, Europe, Asia-Pacific, and ROW.

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