Surveillance & Cybersecurity

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Surveillance & Cybersecurity

The rising security demands across the globe to retaliate against terrorism and crime, along with an increase in government spending on security, are some of the significant reasons attributing to the growth in the surveillance market.

The surveillance industry is anticipated to grow at a robust rate due to the introduction of video content analytics (VCA) and video surveillance as a service (VSaaS). VCA facilitates the effective extraction of structured information through automatic analysis of the data stream or the images from the closed-circuit television (CCTV). The recognition software includes facial recognition and automatic number plate recognition systems, which are explicitly used for identifying people and vehicles, respectively.

Moreover, the BIS Research on the surveillance market estimates that as the world becomes more and more networked, the integrity of the recorded data could be compromised. Hence, the simultaneously growing cybersecurity market and the cybersecurity market size that has been valued at $156.24 billion in 2020, and is expected to reach $352.25 billion by 2026, registering a CAGR of 14.5% during 2021-2026.

The surveillance market is segmented on the basis of ecosystem (cameras, monitors, storage and software), application areas and geographical regions. The rising cybersecurity concerns, along with the need for highly efficient, time-saving surveillance systems at affordable costs, is one of the pressing matters to be looked upon in the current scenario. The effort to deliver such solutions, along with the growing application across various verticals, is acting as one of the major drivers for the video surveillance market.

BIS Research’s analysts have observed that since the last decade, the surveillance market has penetrated a plethora of application areas including parks, stadiums, hospitals, retail outlets, banks, and institutions among others. BIS Research provides an exhaustive application analysis including the market statistics for different verticals such as commercial, infrastructure and others.

BIS Research helps present a detailed market analysis along with the recent trends influencing the surveillance market. 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. It also examines the role of the leading market players involved in the industry including their corporate overview, financials, financial summary, opportunities, challenges, and growth trends mapped across equipment, software, services, application, and geographies.

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