he IP video surveillance market is estimated to grow from USD 29.9 billion in 2019 to USD 55.6 billion by 2025, at a CAGR of approximately 11%. The future of the IP video surveillance market creates opportunity for physical security manufacturers, sensor manufacturers, and many more mobility players in the value chain. The IP video surveillance market is expected to decline in 2020 due to COVID-19 and is expected to recover in 2021. The major growth drivers for this market is increasing awareness for safety and security and increasing crime rate.
APAC is the largest along with the fastest growing region in the global IP video surveillance market due to increasing smart city industry seen in China and India.
Commercial building is expected to remain the largest applications for IP video surveillance due to increasing need for building security and monitoring customer and staff activities.
IP video surveillance market is consolidated and some of the major players of the market include Hikvision, Zhejiang Dahua Technology Co., Ltd, Bosch, Honeywell, Uniview, and Axis Communication and others.
The sample figures with some insights are shown below
The scope of the global IP Video Surveillance market report is as follows:
- Key Features Description
- Base Year 2019
- Trend Period 2014-2019
- Forecast Period 2020-2025
- Units Considered Value ( $ Million)
Market Segments By Product and Service Type (Hardware, Software, and Service). By Hardware Type (Camera, Encoder, Storage, and Others), and by Applications ( Commercial Building, Residential Building, Transportation, Government, and Others)
Regional / Country North America ( US, Canada, and Mexico), Europe (UK, Germany, and Rest of Europe), Asia Pacific (Japan, China, India, South Korea, and Rest of APAC), and RoW
The report performed both primary as well as exhaustive secondary research for this study. Initially, the report analyzed all the leading IP video surveillance manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the company personnel were enquired about their key products, revenues, manufacturing plant location, and competitors. For this study, the report conducted more than 20 interviews, the same are mentioned below:
- By company type: Manufacturers (50%), Consumers (25%), Researchers (15%), Independent industry consultant (10%)
- By geography: North America (25%), Asia (40%), Europe (25%), Rest of the World (15%)
- By designation: Top level (40%), Operation level (20%), Mid-level (40%)
The report analyzed by product & service type, hardware type, application, and regional presence of all major IP video surveillance manufacturers across the globe. Market size for global IP video surveillance was calculated by using bottom-up approach as well as top –down approach. Various secondary sources such as secondary sources directories, database, company annual reports, white papers, investor presentations and financial reports were also studied to estimate the market size and growth rate.