CCTV Camera Market Report Expects the Market Value of USD 34.90 BN BY 2026
Posted On July 29, 2020
The Global CCTV Camera Market is anticipated to grow at a compound annual growth rate ( CAGR ) of 12.4% during 2020-2026 while it was close to USD 15.4 BN in 2019. The market will outgrow to USD 34.90 BN by 2026 as per the research conducted by Value Market Research. The global CCTV camera market is proliferating, owing to increasing theft, rising criminal activities, and terrorism. The increasing demand for CCTV cameras by residential, commercial, government and the military sector for security and surveillance is further fuelling the market. CCTV security is a cost-effective solution than other security solutions; hence the demand for CCTV cameras increases. During the COVID-19 pandemic, the market is likely to face certain hindrances owing to reduced production and supply chain disruption.
A CCTV (Closed Circuit Television) camera uses a video camera or digital still camera to capture light and convert into video signals to produce images or recordings. These video signals can be displayed on the monitor. CCTV camera monitors the exterior and interior of part of the personal as well as public properties for security purposes. CCTV is also known for video surveillance, as it closely observes activities that are taking place inside and outside of the property. CCTV cameras are essential as they are superb deterrent of burglars. The CCTV camera can be installed at various properties, including residential buildings, commercial buildings, government offices, hospitals, schools, colleges, hotels, and religious places to check any intrusion or other suspicious activity inside or outside premises of the property.
"Global CCTV Camera Market Report By Model (PTZ Camera, Box Camera, Dome Camera, Bullet Camera, Others), By Technology (Analog CCTV Systems, Wireless CCTV Systems, IP-based CCTV Systems, Hybrid CCTV Systems), By Application (Retail, Hospitality, BFSI, Commercial Infrastructure, Home Security, Government, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" report begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The geo-economic factors and historic CCTV camera industry trends are analysed to foresee and predict the forecasts for next six years.
On the basis of Model the market is segmented into PTZ Camera, Box Camera, Dome Camera, Bullet Camera, Others. By Technology the CCTV camera market is categorised as Analog CCTV Systems, Wireless CCTV Systems, IP-based CCTV Systems, Hybrid CCTV Systems.By Application the CCTV camera market is categorised as Retail, Hospitality, BFSI, Commercial Infrastructure, Home Security, Government, Others. The geographical segmentation of the report highlights the share of the revenue/volume spread globally as per region and country. The study in segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
The Report Segments Global CCTV Camera Market -
- PTZ Camera
- Box Camera
- Dome Camera
- Bullet Camera
- Analog CCTV Systems
- Wireless CCTV Systems
- IP-based CCTV Systems
- Hybrid CCTV Systems
- Commercial Infrastructure
- Home Security
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Axis Communications AB, Bosch Security Systems Inc., GeoVision Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Techwin Co., Ltd.
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