Freelance journalist

Author Bio ▼

Experienced freelance B2B journalist and editor, specialising in fields of renewable energy, energy storage, smart grids and nanotech.
March 14, 2017

Sign up to free email newsletters

Download

The 2016 Video Surveillance Report

CCTV

Global security cameras market to reach $2.8bn by 2021

Global demand for video surveillance security cameras will reach $2.8bn by 2021, according to Research Nester.

The study, titled Global Video Surveillance Security Cameras Market–Demand, Opportunity, Growth, Future Prospects and Competitive Analysis, 2015–2021, expects a compound annual growth (CAGR) rate of 9.2% during the forecast period.

Increasing demand for surveillance in homes, workplaces and sectors like education and healthcare to combat crime and antisocial behaviour, are the key growth drivers for the global security camera market.

In Europe specifically, increase in terror activity is leading to an increase in demand for surveillance security cameras, where major cities, including Paris, Brussels and London, have all been subjected to terrorist attacks in the last 15 years.

Between 2015 and 2021, internet protocol (IP) security cameras – a type of digital video camera – are expected to see a steep rise in demand.

Even challenges such as a lack of skilled workforce trained to operate and to manage security cameras and lack of standardisation across different types of security cameras are unlikely to dampen the growth in demand, according to the report’s findings.

The report breaks out into global regions. According to forecasts the North American security camera market is projected to reach $6bn by 2021, with a CAGR of 7.9%.

Emerging markets are driving the boom. In Mexico the market is projected to be worth $460 million over the next three years, whilst Asia-Pacific is further forecast to have 69% of installed security cameras by 2021.

Free Download: The Video Surveillance Report 2020

Discover the latest developments in the rapidly-evolving video surveillance sector, directly from the people at its heart. We surveyed hundreds of professionals working in the field to bring you the 2020 Video Surveillance Report. Responses come from installers and integrators to consultants and heads of security, as we explore the latest trends in the sector including video analytics; cloud-based storage solutions; VSaaS; cyber security; the impact of COVID-19 and more!

Download for FREE to discover top industry insight around the latest innovations in network cameras and video surveillance systems.

VideoSurveillanceReport-2020

Related Topics

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Topics: