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Hosted Video Surveillance Market By System (Analog Video Surveillance System, IP Video Surveillance System, Hybrid Surveillance System), Location (Indoor and Outdoor), Component Type (Hardware [Camera, Monitor, Storage Device, Accessories, and Others], Software [Video Analytics, and Video Management System], Service [Video Surveillance-As-A-Service, and Installation & Maintenance Services]), Application (Remote Monitoring, Facility Protection, Employee Safety, Parking Lots, Traffic Monitoring, and Others), and Industry Vertical (Commercial, Aerospace & Defense, Transportation, Industrial, Residential, Healthcare and Others): Global opportunity Analysis and Industry Forecast, 2021-2027

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Aug 2021 | 789 Views
   
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COVID-19

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Hosted Video Surveillance Market Outlook - 2027

Hosted video surveillance system is a security system that captures images and videos streamed to a video provider or third-party company for storage and management. Cloud-based video surveillance systems are used on a large-scale in the commercial sector including hotels, retail stores, malls, and warehouses to reduce inventory loss, detect crime, and ensure safety of staff, through 3600 seamless surveillance solutions. These advanced wireless solutions are employed in the defense sector for border and assets surveillance in homeland security missions as it is of low capital cost, easily-installable with high flexibility regardless of where the video is housed or viewed. 

In addition, these platforms are designed specifically with encryption capabilities for remote management and can be configured automatically in cloud-hosted environment allowing updates and interruptions to be viewed from a convenient dashboard. Centralized IP (Internet Protocol) cameras with high-end camera technology and wide area coverage are used in traffic monitoring, parking lots to monitor suspicious activity of theft, damage, and accidents as the system is continuously improving via access to automatic updates through software provider. Integration of IoT, artificial intelligence, and inherent flexible nature implies that hosted video surveillance market share would undergo exponentially high growth in coming years.

Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast Period

  2021–2027

  Forecast Unit

  Value ($)

  Segments Covered

System, Location, Component Type, Application, Industry Vertical, and Region

  Region Covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and rest of Europe), Asia Pacific (India, Japan, China, and rest of Asia Pacific) and LAMEA (Latin America, Middle East, and Africa)

  Companies Covered

Hikvision, Dahua Technology, Napco Security Technologies, Axis Communications, Bosch Security System, D-Link Corp., Avigilon, Mobotix AG, Honeywell Security Group and FLIR Systems.

 

Covid-19 Impact Analysis:

  • Emergence of coronavirus, a deadly respiratory disease originating in Wuhan, became a serious health threat worldwide. China being the main manufacturing hub of electronic items, has been adversely affected due to the COVID-19 outbreak leading to substantial slowdown in manufacturing operations. In February 2020, the electronic surveillance industry was already facing shortage of components, which are mainly imported from China.
  • In May 2020, Hikvision introduced flow control solution using people counting cameras that utilize 3D binocular stereo vision and deep learning algorithm to count number of people entering and leaving a building. It sends real-time alerts while pre-defined capacity thresholds are exceeded and is connected to digital signage, hence helping retail stores and other business owners maintain social distancing.
  • The hosted video surveillance industry tends to undergo temporary shortfall in demand, owing to temporary shutdown of commercial stores, hospitality facilities, industrial automation, and transportation sector. Use of this cloud-based security system in healthcare and emergency services currently drives the market growth at a sluggish rate. The concerned market is expected to make fast rebound as the operations commence after the shutdown restrictions would be lifted with a view to maintain security as well as monitor social distancing guidelines.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Rise in need of real-time event detection, owing to increase in terrorist activities and civil unrest actions worldwide as well as to monitor customer and staff activities in financial institutions. In addition, rise in adoption of smartphones, tablets, and laptops to get remote view of live video footages of surveillance systems spurs hosted video surveillance market growth. However, high investment cost, intrusion of privacy, lack of awareness about effectiveness of public security systems, and lack of skilled workforce to handle complex IP cameras tend to restrain the hosted video surveillance market growth.

On the contrary, use of centralized IP (Internet Protocol) camera in food chains, malls, and airports to enhance security and reduce robbery by transferring captured data instantly over internet further boosts the market revenue. Ongoing developments in Big Data, cloud-based services, and growth in investments by governments worldwide to develop smart cities with advanced surveillance solutions are expected to pave new avenues for the hosted video surveillance industry.

New Product Launches to Flourish the Market

Leading hosted video surveillance market players are adopting necessary steps to produce advanced surveillance solutions with higher precision and functionality with a view to help consumers lead secure,
simple, and smart life through innovative technology.

In October 2019, Dahua Technology, a Chinese supplier of video surveillance products and services, launched Imou V8i Smart Lock, Imou Ranger IQ, and Imou Wireless Security System in the overseas market. Imou V8i Smart Lock features 3D AI facial recognition technology to achieve more security allowing users to free their hands of keys and lead a relaxed convenient life.

Imou Ranger IQ is the AI-powered IoT smart security camera with capabilities to watch, listen, speak and act. It is incorporated with motors so that the lens can pan, tilt, and detect sounds or motion as well as human beings to animals when they are in the frame. It facilitates bi-directional communication and warns off intruders with built-in siren, hence acting as center of alarm system in collaboration with detectors. In addition, smart camera features wide field view, color night vision, geo-fencing, offline storage on microSD cards, and cloud storage. The device allows users to view live footage in the app while it detects motion and enables to set sensitivity to choose specific zones in the frame.

Surge in Use of DCPs in Automotive and Industrial Applications

Hosted video surveillance systems with video surveillance analytics are used on-board vehicles allowing then to view lane dividers and acommunicate with the steering and braking system. This activity ensures that the vehicle stays in lane, stops early enough before any obstruction and provides auto-park facilities.

In February 2020, Hikvision, a Chinese manufacturer and supplier of video surveillance equipment, introduced induced industry-standard automatic number plate recognition (ANPR) cameras to enhance smart parking solutions by making entering and leaving of vehicles in parking lots more efficient. These cameras identify vehicles rapidly and send data to barriers, hence minimizing vehicle queues and improving productivity of entire parking lots. Advanced ANPR cameras equipped with deep learning algorithms and GPU processors learn number plate information within an instant and can recognize higher number of vehicle number plates without frequent camera positioning adjustments efficiently.

Parking guidance cameras automatically detect availability of space in low-light areas and sends information to guidance terminal that calculates number of available spaces and informs customers via parking guidance screens installed at critical junctions of parking lots. Touch-screen Kiosks require drivers to enter license plate details to help them locate vehicles through quickest route on schematic floor map.

Key segments covered:

Segments

Subsegments

  System Type

  • Analog Video Surveillance System
  • IP Video Surveillance System
  • Hybrid Surveillance System

  Location

  • Indoor
  • Outdoor

  Component

  • Hardware
  • Camera
  • Monitor
  • Storage Device
  • Accessories
  • Others
  • Software
  • Video Analytics
  • Video Management System
  • Service
  • Video Surveillance-as-a-service
  • Installation and Maintenance Services

  Application

  • Remote Monitoring
  • Facility Protection
  • Employee Safety
  • Parking Lots
  • Traffic Monitoring
  • Others

  Industry Vertical

  • Commercial
  • Aerospace and Defense
  • Transportation
  • Industrial
  • Residential
  • Healthcare
  • Others

 

Key benefits of the stakeholders:

  • The study gives an analytical overview of the hosted video surveillance market forecast with current trends and future estimations to determine imminent investment pockets.
  • The report provides information related to key drivers, restraints, and opportunities along with detailed hosted video surveillance market analysis.
  • The current hosted video surveillance market trends are quantitatively analyzed from 2021 to 2027.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

Questions answered in the Hosted Video Surveillance Market research report:

  • Who are the leading market players active in the hosted video surveillance market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the hosted video surveillance market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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