BIS Research publishes detailed research reports on significant technological components of security and surveillance market namely: video surveillance, biometric identification and authentications, video content analytics, and access control system, among others. The security industry has witnessed profound changes in the last decade with the advancement in cloud-based services and expansion of product portfolio. A tremendous need for better security standards globally, has encouraged infrastructure owners and national government to implement globally-accepted security measures, which would include physical and cyber security.
Video surveillance systems can be a powerful tool in proper vigilance of shopping malls, multiplexes, banks, airports etc. In addition to video surveillance, biometric security is also becoming a popular choice among end users for enhancing their existing security provisions. Multiple terror attacks, cyber fraud incidents, and robberies have compelled both the supply and demand side participants to upgrade their security offerings and setups respectively. Further, to store and analyze the data collected through such security streams has propelled the demand for reliable storage devices. This has also led to the rise of VSaaS (Video Surveillance as a Service) industry wherein the videos are stored in the cloud storage, retrievable anytime.
Multi-factor authentication is anticipated to be the next big trend in the global security market place, with system integrators playing a pivotal role in consolidating the overall industry.
The global anti-money laundering (AML) software industry analysis done by BIS Research highlights that the market was valued at $868.0 million in 2017 and is expected to reach $1.77 billion by 2023.
The global biometric authentication and identification market is expected to witness a significant growth during the forecast period (2018-2023) registering a CAGR of 22.54%.
The market study by BIS Research has identified APAC as the leading region in the global video surveillance market accounting for almost 45.1% of the net revenue generated by the video surveillance equipment, software, and services; and estimates that the region will continue its dominance during the forecast period as well.
The global Anti-Money Laundering (AML) software market is expected to reach $1420.8 million by 2023. The growth in the AML software market can be significantly attributed to the following factors: monitoring suspicious transactions, regulatory compliance requirements of financial institutions with international regulatory bodies along with analysis of historical consumer data analysis for risk management.
The video surveillance market, as a whole, is growing at a significant rate and is expected to reach a substantial level by 2023. Moreover, the video management systems are gaining popularity, and the sector is expected to grow at a robust rate in the future.
Fingerprint sensors market has undergone a transformation in the last couple of years and these sensors offer security, ease of access and reliability. This form of authentication is considered to be one of the most viable deterrent to people with malevolent intentions. It has helped to identify known suspects traversing crowded security areas such as airports, railway stations and others.
The report provides a comprehensive market analysis and forecast along with the recent trends influencing the markets. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the future trends and developments of the market.
The global forensic technology market was estimated to be $11.26 billion in 2016 and is expected to grow over $19.25 billion in 2022 at a CAGR of 9.35% through the forecast period. The global forensic technology market has a high potential in future owing to the rising demand for innovation in forensic technologies in various applications and sectors.
The next generation payment technology market is expected to progress at a significant rate since the end customers belong from diversified application portfolio ranging from retail to healthcare.
With associated advantages of multi-level security, convenience and advanced quality, the global biometric market value is anticipated to grow from $XX billion in 2015 to $XX billion in 2022 at an estimated CAGR of XX from 2015 to 2022. The commercial application segment is expected to grow at a CAGR of XX from 2015 to 2022 as the demand for biometrics integrated smartphones, tablets, and wearable devices is increasing.
Cyber attacks in the U.S. have witnessed a 10% rise as compared to 2014. Cyber crimes cost have reached around $100 billion in the country. The North America cyber security market is estimated to grow over $67 billion by 2022.
Maritime security deals with security provisions for the assets associated to the maritime industry which includes ports, facilities, and the ships. The governments of the countries around the world work in association with the neighboring countries in order to combat the issues of maritime security. The Coast Guard, Defense, and the national government are active participants in addressing the maritime concerns.
The dynamics of the physical security industry have changed profoundly, owing to the ongoing innovations and advancements in its dominating contributor, i.e. Video Surveillance. Major application areas such as critical infrastructure, highways, banking, and financial institutions among others have become promising beneficiaries of video surveillance making it an indispensable tool to ensure both personal and public safety.
The GCC region acquires a significant share of the world’s energy resources and with an increased usage of personal internet and smart devices for banking applications over the past few years, the region has become more exposed to phishing and DDOS attacks. Globally, the United Arab Emirates (U.A.E) is placed at the fifteenth position as a victim of cyber attacks due to the high density of established commercial and government organizations in the country.
Security and surveillance industry holds paramount importance across multiple application verticals, globally. While video surveillance industry is transforming from legacy system to smarter and advanced IP/network cameras, video content analytics (VCA) is becoming mainstream with more specific end-use verticals such as casinos, gaming, and transport among others.
Rising concerns regarding safety and security have surfaced a greater than ever demand for biometrics, for the purpose of identification and authentication. Incorporation of biometric technologies in security systems has been contributing extensively to the escalation of biometrics market in India.
Rising needs for advanced security due to the incidents of terrorism and increasing crime figures has encouraged individuals, organizations and various authorities to devise effective response mechanisms. In the current scenario of security systems, video surveillance has become an indispensable tool to ensure both personal and public safety.
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Video Surveillance is all set to become an indispensable and all-pervasive tool in security systems across the globe.
Microbiome: Changing Contours of Beauty and Personal Care
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