The anti-money laundering software industry analysis by BIS Research projects the market to grow at a significant CAGR of 14.12% on the basis of value during the forecast period from 2020 to 2025.
The global video surveillance market was valued at $35.05 billion in 2019 and is expected to grow at CAGR of 10.06% during the forecast period 2020-2025.
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 video surveillance market generated a revenue of $32.00 billion in 2017, and is expected to reach to $77.21 billion by 2023.
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 man
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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.
Blockchain as a technology is being gradually adopted across various facets of the financial services industry. Cost benefits, elimination of intermediaries and cost, transparency, removal of risk of unscrupulous activity, government initiatives, establishment of consortiums, and entry of leading financial institutions are some of the factors that have been driving the adoption of blockchain acros
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.
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.
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 p
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 estab
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 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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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 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 man
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.
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 p
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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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