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U.S. Video Surveillance Market by Component (Solution, Service, and Connectivity Technology), Application (Commercial, Military & Defense, Infrastructure, Residential, and Others), and Customer Type (B2B and B2C): Opportunity Analysis and Industry Forecast, 2020–2027

A06741
Pages: 151
Mar 2021 | 2077 Views
   
Author(s) : Divyanshi Tewari
Tables: 55
Charts: 50
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The U.S. video surveillance market size was valued at $8.29 billion in 2019, and is projected to reach $23.60 billion by 2027, registering a CAGR of 13.9% from 2020 to 2027.

A digital video surveillance system captures images and videos, which can be compressed, stored, or sent over communication networks. It can be used in any environment. Security and surveillance are required for all organizations. Governments, enterprises, financial institutions, and healthcare organizations require a certain level of security and monitoring measures. As a result, there has been a dramatic increase in demand for security applications such as security camera system to monitor and record borders, ports, transportation infrastructure, corporate houses, educational institutes, public places, and buildings.

U.S. Video Surveillance Market

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On account of increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. There are many advantages that an IP camera CCTV system offers over an analog format. IP security cameras send their signals over a network, allowing greater information transfer than an analog signal sent to a digital video recorder (DVR). Security camera system can be wireless and still work through a network and are used in big departmental stores, food chains, malls, factory, and workshops to keep a check of various activities. This factor is expected to significantly affect the U.S. video surveillance market share.

According to U.S. video surveillance market trends, rise in need for safety in high-risk areas, surge in transition from analog surveillance to IP cameras, and integration of Internet-of-Things boost growth of the U.S. video surveillance market. However, factors such as high investment cost and lack of professional expertise in handling IP cameras hamper the U.S. video surveillance market growth. Furthermore, increase in trends toward development of smart cities is expected to offer lucrative video surveillance market opportunities.

Segmentation

The U.S. video surveillance market size is segmented on the basis of component, application, and customer type. By component, it is divided into solution, services, and connectivity technology. The solution segment is further divided into analog surveillance, IP surveillance, and hybrid surveillance. The services segment includes video analytics, video surveillance as a service (VSaaS) and integration services. The connectivity technology segment comprises wired and wireless technologies such as Wi-Fi, ZigBee, IoT, and others. On the basis of application, the market is divided into commercial, military & defense, infrastructure, residential, and others. By customer type, it is bifurcated B2B and B2C.

The key players profiled in the U.S. video surveillance industry include HKVISION, Ltd., Bosch Security System, Honeywell Security Group, Dahua Technology, FLIR, Panasonic, Avigilon, Axis Communication, Infinova, and Pelco. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their U.S. video surveillance market outlook.

U.S. Video Surveillance Market
By Component Type

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Connectivity Technology segment is projected as one of the most lucrative segments.

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Top Impacting Factors

Notable factors that positively affect the video surveillance market analysis include rise in need for safety in high-risk areas, growth in transition from analog to IP cameras, and integration of IoT in surveillance cameras. However, high investments such as initial installments and large data storage problems, with lack of professional expertise in handling IP cameras incurs extra cost for such devices. This factor is expected to hinder the market growth. Moreover, emerging trends toward development of smart cities are expected to offer lucrative U.S. video surveillance market opportunity in the coming years.

Growth in transition from analog surveillance to IP Cameras

Internet protocol (IP) surveillance is a digitalized and networked version of CCTV system, which is rapidly becoming the most flexible and future-proof option for security and surveillance systems. The IP surveillance system is made up of two components—IP-based camera that records video content using a network video recorder (NVR) and video surveillance platform that captures and distributes the video content through the network. IP cameras are preferred for large installation sites that already have a high bandwidth network installed. IP surveillance cameras offer various benefits over analog surveillance such as real-time surveillance, remote accessibility, digital zooming capability, lower operational & infrastructure cost, greater integration potential, ease of data distribution, easy installation, and adjustable frame rates which boost the growth of the U.S. video surveillance market.

U.S. Video Surveillance Market
By Application

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Infrastruture segment is projected as one of the most lucrative segments.

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Increase in privacy concern

According to U.S. video surveillance market analysis, usage of video surveillance cameras has increased during the recent years. Advanced video surveillance cameras are equipped with technologies, which allow the user to transfer data in an effective and efficient manner. However, this feature potentially compromises the privacy of the situation, which has been tapped or recorded. There are various malicious activities being carried out through the seamless transfer of video recordings and clips to unauthorized users.

Increase in adoption towards spy and hidden cameras

Video surveillance cameras record people’s activities to detect and prevent suspicious activities. Companies are developing products with enhanced technologies to promote the seamless usage, which can be used in variety of situations and circumstances. Increase in adoption of small cameras such as dash cams, hidden spy cameras, motion activated hidden camera, and hidden camera lock in various industry verticals are promoting its growth in the country.

U.S. Video Surveillance Market
By Customer Type

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B2C would exhibit the highest CAGR of 15.9% during 2020-2027

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Key Benefits For Stakeholders

  • This study includes the analytical depiction of the U.S. video surveillance market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information regarding the key drivers, restraints, and opportunities in the video surveillance market.
  • The market growth is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

U.s. Video Surveillance Market Segmentation

By Component

  • Solution
    • Analog Video Surveillance
    • IP Video Surveillance
    • Hybrid Video Surveillance
  • Service
    • Video Analytics
    • VSAAS
    • Integration Services
  • Connectivity Technology 
    • Wired
    • Wireless
      • Wi-Fi
      • Zigbee
      • IoT
      • Others

By Application

  • Commercial
  • Military & Defense
  • Infrastructure
  • Residential
  • Others

By Customer Type

  • B2B
  • B2C
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.RESEARCH METHODOLOGY

1.3.1.Primary research
1.3.2.Secondary research
1.3.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.PORTER’S FIVE FORCES ANALYSIS
3.4.MARKET PLAYER POSITIONING, 2019
3.5.MARKET DYNAMICS

3.5.1.Drivers

3.5.1.1.Rise in need for safety in high-risk areas
3.5.1.2.Growth in transition from analog surveillance to IP cameras
3.5.1.3.Integration of IoT in surveillance cameras

3.5.2.Restraint

3.5.2.1.High investments

3.5.2.1.1.Initial installation investments
3.5.2.1.2.Large data storage problems

3.5.2.2.Lack of professional expertise in handling IP cameras
3.5.2.3.Increase in privacy concerns

3.5.3.Opportunities

3.5.3.1.Emerging trends toward development of smart cities
3.5.3.2.Increase in adoption of spy and hidden cameras

CHAPTER 4:U.S. VIDEO SURVEILLANCE MARKET, BY COMPONENT

4.1.OVERVIEW
4.2.SOLUTIONS

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by solution type

4.2.2.1.Analog video surveillance
4.2.2.2.IP video surveillance
4.2.2.3.Hybrid video surveillance

4.3.SERVICES

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by service type

4.3.2.1.Video analytics
4.3.2.2.Video surveillance as a service (VSAAS)
4.3.2.3.Integration service

4.4.CONNECTIVITY TECHNOLOGY

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by connectivity technology type

4.4.2.1.Wired
4.4.2.2.Wireless

4.4.2.2.1.Market size and forecast, by wireless technology type
4.4.2.2.2.Wi-Fi
4.4.2.2.3.ZigBee
4.4.2.2.4.IoT
4.4.2.2.5.Others

CHAPTER 5:U.S. VIDEO SURVEILLANCE MARKET, BY APPLICATION

5.1.OVERVIEW
5.2.COMMERCIAL

5.2.1.Key market trends, growth factors, and opportunities

5.3.MILITARY & DEFENSE

5.3.1.Key market trends, growth factors, and opportunities

5.4.INFRASTRUCTURE

5.4.1.Key market trends, growth factors, and opportunities

5.5.RESIDENTIAL

5.5.1.Key market trends, growth factors, and opportunities

5.6.OTHERS

5.6.1.Key market trends, growth factors, and opportunities

CHAPTER 6:U.S. VIDEO SURVEILLANCE MARKET, BY CUSTOMER TYPE

6.1.OVERVIEW
6.2.BUSINESS-TO-BUSINESS (B2B)

6.2.1.Key market trends, growth factors, and opportunities

6.3.BUSINESS-TO-CUSTOMER (B2C)

6.3.1.Key market trends, growth factors, and opportunities

CHAPTER 7:COMPANY PROFILES

7.1.AVIGILON (MOTOROLA SOLUTIONS)

7.1.1.Company overview
7.1.2.Company snapshot
7.1.3.Operating business segments
7.1.4.Product portfolio
7.1.5.R&D Expenditure
7.1.6.Business performance
7.1.7.Key strategic moves and developments

7.2.AXIS COMMUNICATIONS AB

7.2.1.Company overview
7.2.2.Company snapshot
7.2.3.Operating business segments
7.2.4.Product portfolio
7.2.5.Business performance
7.2.6.Key strategic moves and developments

7.3.AVENTURA TECHNOLOGIES, INC.

7.3.1.Company overview
7.3.2.Company snapshot
7.3.3.Product portfolio

7.4.BOSCH SECURITY SYSTEMS GMBH (ROBERT BOSCH GMBH)

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Operating business segments
7.4.4.Product portfolio
7.4.5.Business performance
7.4.6.Key strategic moves and developments

7.5.CISCO SYSTEMS, INC.

7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Operating business segments
7.5.4.Product portfolio
7.5.5.R&D Expenditure
7.5.6.Business performance
7.5.7.Key strategic moves and developments

7.6.DAHUA TECHNOLOGY CO., LTD.

7.6.1.Company overview
7.6.2.Company snapshot
7.6.3.Product portfolio
7.6.4.Business performance
7.6.5.Key strategic moves and developments

7.7.EAGLE EYE NETWORKS

7.7.1.Company overview
7.7.2.Company snapshot
7.7.3.Product portfolio
7.7.4.Key strategic moves and developments

7.8.FLIR SYSTEMS, INC.

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Operating business segments
7.8.4.Product portfolio
7.8.5.R&D Expenditure
7.8.6.Business performance
7.8.7.Key strategic moves and developments

7.9.HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.

7.9.1.Company overview
7.9.2.Company snapshot
7.9.3.Product portfolio
7.9.4.Business performance
7.9.5.Key strategic moves and developments

7.10.HONEYWELL SECURITY (HONEYWELL INTERNATIONAL INC.)

7.10.1.Company overview
7.10.2.Company snapshot
7.10.3.Operating business segments
7.10.4.Product portfolio
7.10.5.R&D Expenditure
7.10.6.Business performance
7.10.7.Key strategic moves and developments

7.11.PANASONIC CORPORATION

7.11.1.Company overview
7.11.2.Company snapshot
7.11.3.Operating business segments
7.11.4.Product portfolio
7.11.5.R&D Expenditure
7.11.6.Business performance
7.11.7.Key strategic moves and developments

7.12.PELCO (SCHNEIDER ELECTRIC)

7.12.1.Company overview
7.12.2.Company snapshot
7.12.3.Operating business segments
7.12.4.Product portfolio
7.12.5.R&D Expenditure
7.12.6.Business performance
7.12.7.Key strategic moves and developments

7.13.THE INFINOVA GROUP

7.13.1.Company overview
7.13.2.Company snapshot
7.13.3.Product portfolio

7.14.VERKADA INC.

7.14.1.Company overview
7.14.2.Company snapshot
7.14.3.Product portfolio
7.14.4.Key strategic moves and developments

LIST OF TABLES

TABLE 01.U.S. VIDEO SURVEILLANCE MARKET, BY COMPONENT, 2019–2027 ($MILLION)
TABLE 02.U.S. VIDEO SURVEILLANCE MARKET, BY SOLUTION TYPE, 2019–2027 ($MILLION)
TABLE 03.U.S. VIDEO SURVEILLANCE MARKET, BY SERVICE TYPE, 2019–2027 ($MILLION)
TABLE 04.U.S. VIDEO SURVEILLANCE MARKET, BY CONNECTIVITY TECHNOLOGY, 2019–2027 ($MILLION)
TABLE 05.U.S. VIDEO SURVEILLANCE MARKET, BY WIRELESS TECHNOLOGY TYPE, 2019–2027 ($MILLION)
TABLE 06.U.S. VIDEO SURVEILLANCE MARKET SHARE, BY APPLICATION, 2019–2027($MILLION)
TABLE 07.U.S. VIDEO SURVEILLANCE MARKET SHARE, BY CUSTOMER TYPE, 2019–2027($MILLION)
TABLE 08.AVIGILON: COMPANY SNAPSHOT
TABLE 09.MOTOROLA SOLUTIONS: OPERATING SEGMENTS
TABLE 10.AVIGILON: PRODUCT PORTFOLIO
TABLE 11.AVIGILON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 12.AXIS COMMUNICATIONS AB: COMPANY SNAPSHOT
TABLE 13.AXIS COMMUNICATIONS AB: OPERATING SEGMENTS
TABLE 14.AXIS COMMUNICATIONS AB: PRODUCT PORTFOLIO
TABLE 15.AXIS COMMUNICATIONS AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 16.AVENTURA TECHNOLOGIES, INC.: COMPANY SNAPSHOT
TABLE 17.AVENTURA TECHNOLOGIES, INC.: PRODUCT PORTFOLIO
TABLE 18.BOSCH SECURITY SYSTEMS GMBH: COMPANY SNAPSHOT
TABLE 19.BOSCH SECURITY SYSTEMS GMBH : OPERATING SEGMENTS
TABLE 20.BOSCH SECURITY SYSTEMS GMBH: PRODUCT PORTFOLIO
TABLE 21.BOSCH SECURITY SYSTEMS GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 22.CISCO SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 23.CISCO SYSTEMS, INC.: PRODUCT CATEGORIES
TABLE 24.CISCO SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 25.CISCO SYSTEMS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 26.DAHUA TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 27.DAHUA TECHNOLOGY CO., LTD.: PRODUCT PORTFOLIO
TABLE 28.DAHUA TECHNOLOGY CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 29.EAGLE EYE NETWORKS: COMPANY SNAPSHOT
TABLE 30.EAGLE EYE NETWORKS : PRODUCT PORTFOLIO
TABLE 31.EAGLE EYE NETWORKS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 32.FLIR SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 33.FLIR SYSTEMS, INC.: OPERATING SEGMENTS
TABLE 34.FLIR SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 35.FLIR SYSTEMS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 36.HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT
TABLE 37.HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: PRODUCT PORTFOLIO
TABLE 38.HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 39.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 40.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 41.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 42.HONEYWELL INTERNATIONAL INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 43.PANASONIC CORPORATION: COMPANY SNAPSHOT
TABLE 44.PANASONIC CORPORATION: OPERATING SEGMENTS
TABLE 45.PANASONIC CORPORATION: PRODUCT PORTFOLIO
TABLE 46.PANASONIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 47.PELCO (SCHNEIDER ELECTRIC): COMPANY SNAPSHOT
TABLE 48.PELCO (SCHNEIDER ELECTRIC) : OPERATING SEGMENTS
TABLE 49.PELCO (SCHNEIDER ELECTRIC) : PRODUCT PORTFOLIO
TABLE 50.PELCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 51.THE INFINOVA GROUP: COMPANY SNAPSHOT
TABLE 52.THE INFINOVA GROUP: PRODUCT PORTFOLIO
TABLE 53.VERKADA INC: COMPANY SNAPSHOT
TABLE 54.VERKADA INC: PRODUCT PORTFOLIO
TABLE 55.VERKADA INC: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY, BY SEGMENTATION
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.TOP WINNING STRATEGIES, BY YEAR, 2016–2020*
FIGURE 06.TOP WINNING STRATEGIES, BY STRATEGIES, 2016–2020*
FIGURE 07.TOP WINNING STRATEGIES, BY COMPANY, 2016–2020*
FIGURE 08.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 09.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 10.MODERATE THREAT OF SUBSTITUTES
FIGURE 11.MODERATE TO HIGH INTENSITY OF RIVALRY
FIGURE 12.MODERATE BARGAINING POWER OF BUYERS
FIGURE 13.MARKET PLAYER POSITIONING, 2019
FIGURE 14.U.S. VIDEO SURVEILLANCE MARKET SHARE, BY COMPONENT, 2019–2027 (%)
FIGURE 15.U.S. VIDEO SURVEILLANCE MARKET SHARE, BY APPLICATION, 2019–2027 (%)
FIGURE 16.U.S. VIDEO SURVEILLANCE MARKET SHARE, BY CUSTOMER TYPE, 2019–2027 (%)
FIGURE 17.MOTOROLA SOLUTIONS: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 18.MOTOROLA SOLUTIONS: REVENUE, 2017–2019 ($MILLION)
FIGURE 19.MOTOROLA SOLUTIONS: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 20.MOTOROLA SOLUTIONS: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 21.AXIS COMMUNICATIONS AB: REVENUE, 2015–2017 ($MILLION)
FIGURE 22.AXIS COMMUNICATIONS AB: REVENUE SHARE, BY REGION, 2017 (%)
FIGURE 23.BOSCH SECURITY SYSTEMS GMBH (ROBERT BOSCH GMBH): REVENUE, 2016–2018 ($MILLION)
FIGURE 24.BOSCH SECURITY SYSTEMS GMBH (ROBERT BOSCH GMBH): REVENUE SHARE, BY SEGMENT, 2018 (%)
FIGURE 25.BOSCH SECURITY SYSTEMS GMBH (ROBERT BOSCH GMBH): REVENUE SHARE, BY REGION, 2018 (%)
FIGURE 26.CISCO SYSTEMS, INC:R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 27.CISCO SYSTEMS, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 28.CISCO SYSTEMS, INC.: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 29.CISCO SYSTEMS, INC.: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 30.DAHUA TECHNOLOGY CO., LTD.: REVENUE, 2015–2017 ($MILLION)
FIGURE 31.DAHUA TECHNOLOGY CO., LTD.: REVENUE SHARE, BY PRODUCT, 2018 (%)
FIGURE 32.DAHUA TECHNOLOGY CO., LTD.: REVENUE SHARE, BY REGION, 2018 (%)
FIGURE 33.FLIR SYSTEMS, INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 34.FLIR SYSTEMS, INC.: REVENUE, 2017–2019 ($MILLION)
FIGURE 35.FLIR SYSTEMS, INC.: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 36.HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 37.HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: REVENUE SHARE, BY PRODUCT, 2018 (%)
FIGURE 38.HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: REVENUE SHARE, BY REGION, 2018 (%)
FIGURE 39.HONEYWELL INTERNATIONAL INC.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 40.HONEYWELL INTERNATIONAL INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 41.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 42.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 43.PANASONIC CORPORATION: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 44.PANASONIC CORPORATION: REVENUE, 2017–2019 ($MILLION)
FIGURE 45.PANASONIC CORPORATION: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 46.PANASONIC CORPORATION: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 47.SCHNEIDER ELECTRIC: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 48.SCHNEIDER ELECTRIC: REVENUE, 2017–2019 ($MILLION)
FIGURE 49.PELCO (SCHNEIDER ELECTRIC): REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 50.PELCO (SCHNEIDER ELECTRIC): REVENUE SHARE, BY REGION, 2019 (%)

 
 

According to the insights of CXOs of leading companies, the U.S. video surveillance market is expected to leverage high potential for commercial and infrastructure industry verticals in 2027. The current business scenario is witnessing an increase in demand for surveillance systems, particularly in developing regions, owing to increase in government mandates related to public safety and security. Companies in this industry are adopting various innovative techniques such as mergers and acquisitions to strengthen their business position in the competitive matrix.

The U.S. video surveillance market is steadily gaining traction, owing to rise in demand for enhanced technologies in surveillance systems such as integration of IoT, AI, and rise in adoption of IP cameras over analog cameras for surveillance and monitoring. A shift from analog to IP technologies, cloud solutions for storage, and rise of video surveillance-as-a-service (VSaaS) present new, untapped opportunities for security solution providers.

Smart city projects have created a huge demand for the video surveillance market. In addition, with introduction of special solar cameras to cater to remote locations that require integration of new technologies to provide a bigger data resource for smooth functioning of the monitoring system. Thus, all these factors creates lucrative opportunities for the market growth in the country.

The U.S. video surveillance market provides numerous growth opportunities to the market players such as HIKVISION, Dahua Technologies, Axis Communication, and Bosch security system.

 

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