Best Video
Surveillance Systems use
video cameras for monitoring behavior and activities of people for influencing,
managing, directing, or protecting them. These systems are also used for
monitoring facilities or places from a distance. Video surveillance is an
extremely useful and economical method to ensure the security of people,
buildings, and valuables.
The best
video surveillance systems market was valued
at USD 45.5 billion in 2020, and it is expected to grow at a CAGR of 10.4% from
2020 to 2025 to reach USD 74.6 billion by 2025. Increasing concerns about
public safety and security, growing adoption of IP cameras, and rising demand
for wireless and spy cameras are the factors driving the growth of the video
surveillance market. However, a violation of privacy is a major restraint.
Rising government and stakeholder funding for evolving smart cities and
employing city surveillance solutions, growing demand for VSaaS services,
ongoing technological advancements in Big Data, IoT, and cloud-based services,
and rising trends of artificial intelligence and deep learning for video
surveillance systems will provide opportunities to players in the best video
surveillance systems market during the forecast period. The
requirement for high-capacity storage systems and higher bandwidth will pose a
challenge to video surveillance market players.
Video analytics
enhance video surveillance systems by performing the tasks of real-time event
detection, post-event analysis, and extraction of statistical data while saving
manpower costs and increasing the effectiveness of the surveillance system
operation. Developments related to technological advancements like AI and deep
learning have increased the need for launching new and innovative products to
tackle the security crisis at every level. AI and deep learning are being
adopted in various end-use applications such as crowd management, retail
management, and license plate recognition, thus providing opportunities for
the best
video surveillance systems market.
CATEGORIZATION
OF VIDEO SURVEILLANCE SYSTEMS VENDORS ON 360QUADRANTS
25 companies offering Best Video Surveillance
Systems were analyzed and categorized on a quadrant under Visionary
Leaders, Innovators, Dynamic Differentiators, and Emerging Leaders.
Hikvision, Dahua, Axis Communications, Bosch Security
and Safety Systems, and Hanwha Techwin have been identified as visionary
leaders as they have established product portfolios and a robust market
presence and business strategy.
Eagle Eye
Networks, Arlo
Technologies, and Google Nest have been identified as innovators.
They have focused product portfolios, and an innovative business strategy that
helps them to set new trends in the market.
Qognify, Agent Video
Intelligence, and iCetana have been identified as emerging companies as they
have a niche product offering and a decent business strategy that helps them in
growing consistently in the market.
FLIR Systems, Panasonic, Pelco,
VIVOTEK, and NEC have been recognized as dynamic differentiators as they have
an innovative portfolio of solutions and services. The 360Quadrants platform
provides the most granular Video Surveillance System comparison between
vendors.
360Quadrants conducts an in-depth SWOT analysis and
accurately analyses the companies considered for evaluation. This helps service
providers in learning about new opportunities and areas where they lag behind
their peers. It also helps clients in choosing the most appropriate vendor for
their requirements.
In 2019, the Best Video Surveillance Systems market was dominated by Hikvision (China), Dahua (China), Axis Communications (Sweden), Bosch Security and Safety Systems (Germany), and Hanwha Techwin (South Korea). These leading players adopted a few major strategies in the Video Surveillance Systems market which created a significant impact. Strategies comprise product launches, strategic partnerships, and business agreements along with mergers & acquisitions.
Hikvision
(China) is one of the
leading suppliers of video surveillance products and solutions. The company has
a state-of-the-art manufacturing process for innovative CCTV and video
surveillance products across 20 locations around the world. Hikvision also
offers security, visual management, video content, and Big Data services. The
company operates in two major business segments: Video Surveillance Products
and Innovative Business Products, which cater to markets such as public
security, transportation, judicial systems, education, healthcare, financial
institutions, energy, and intelligent buildings. Hikvision also focuses on
inorganic growth strategies such as partnerships and collaborations which
enable it to incorporate its applications with several other players in the
video surveillance domain. As part of its growth strategy, the company should
focus on expanding its video surveillance portfolio towards emerging and
untapped markets around the globe. Targeting latent opportunities in these
markets will help the company to maximize its revenue.
Dahua (China) is one of the leading designers and manufacturers of
video-centric smart IoT solutions. Dahua specializes in video surveillance
technology, in addition to its established businesses in machine vision, video
conferencing systems, professional drones, electronic license plates, RFID, and
robotics. Dahua Technology operates in three primary business segments:
Solutions, Products, and Others. The company provides security and surveillance
solutions, advanced series of front-end and back-end display control systems,
and intelligent transportation solutions. It also provides services with
customized features and offers professional security and surveillance systems
applicable across public security, finance, transportation, energy,
communications, and various other industries. The company is focusing on product
launches and developments to expand its video surveillance product portfolio,
especially in emerging segments such as smart city, smart homes, smart parking,
etc. It also plans to increase investments in R&D in an effort to use
upcoming technologies such as AI, big data, and cloud computing to develop
smart video surveillance products for the urban market.
ABOUT 360QUADRANTS
360Quadrants is the
largest marketplace looking to disrupt US $6.3 trillion of technology spends
and is the only rating platform for vendors in the technology space. The
platform provides users access to unbiased information that helps them make
qualified business decisions. The platform facilitates deeper insight using
direct engagement with 650+ industry experts and analysts and allows buyers to
discuss their requirements with 7500 vendors. Companies get to win ideal new
customers, customize their quadrants, decide key parameters, and position
themselves strategically in a niche space, to be consumed by giants and
startups alike. Experts get to grow their brand and increase their thought
leadership. The platform targets the building of a social network that links
industry experts with companies worldwide. The platform has around 400 total
buyers across various markets.
