Wednesday 29 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Video Surveillance Market: Axis Communications AB, Bosch Security Systems, Cisco Systems Inc., Honeywell Security Group, NICE Systems Ltd. and Tyco International Ltd.
Other Prominent Vendors in the market are: Axxon Soft, DvTel, Genetec, Hikvision Digital, Intergraph, MOBOTIX, Moonblink, Panasonic, S2 Security, Salient Systems, Samsung Techwin, Schneider Electric, Security Station, Siemens and videoNEXT.
The report said: “One major trend being witnessed in this market is the emergence of edge-based video surveillance, which offers high-resolution imaging, but at low costs. The edge-based surveillance systems have inbuilt camera storage and processing systems that reduce the overall cost of video surveillance.”
According to the report, a major factor driving this market is the need for high-resolution imaging. A number of vendors offer cameras with the capability of creating high-megapixel imaging. A clear image captured by surveillance cameras enables a perfect view of the areas under surveillance, and this can be used to identify and catch criminals responsible for an attack. It can also track the movement of individuals on the premises.
Further, the report states that the overdependence on prevailing economic conditions worldwide is a major challenge in the market. Changes in the monetary and fiscal policies of a region can affect the buying pattern of consumers. Hence, the increasing prices of video surveillance products may restrict customers from adopting the same.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.