North America IP Video Surveillance & VSaaS Market (2016 – 2022)

Date: 2016-09

“North America includes countries such as U.S., Canada and Mexico. These regions adopt new technologies at a very early stage. This region dominated technological adoption, compared to other geographic regions. Demand for a hybrid system, megapixel camera, and analytics is high in this region. After 9/11 terrorist attack, the government has taken initiatives to implement advance surveillance systems at government buildings and high security areas. Events such as campus shooting and other criminal activities are compelling educational institutes to adopt IP surveillance system in the region.

The ongoing developments in communication networks in this region have also fueled the growth of the IP surveillance systems. The other drivers such as technological innovations, real-time access, integration of wireless technologies, video analytics, affordability of IP surveillance systems, and government initiatives have positively influenced the adoption of IP surveillance technology. However, lack of awareness, privacy concerns and hacking are some of the factors that have curtailed the adoption of IP surveillance system. Lack of technological awareness among the population and uncertainty in the government regulations is hindering the market growth to a certain extent.

Based on Product type, the market is further segmented into hardware, software, cloud based solution and services. In 2014, hardware constituted more than 50% of the market share of the overall product type market for IP video surveillance system.

The application segment is further sub categorized into retail, banking & finance, manufacturing & corporate, residential, government, healthcare, casino & entertainment and others. Banking & financial sector would be the leading revenue contributor in the IP video surveillance market by 2022. The rising security concerns have left no choice for the governments but to adopt surveillance systems and hence, this sector would grow at a maximum CAGR during the forecast period.

Based on country, IP video Surveillance and VSaaS market is segmented into US, Canada, Mexico and Rest of North America.

The report covers the analysis of key stake holders of the IP Video Surveillance & VSaaS market. Key companies profiled in the report include Dahua Technology Co. Ltd., Axis Communications AB, Avigilon Corporation, Milestone Systems A/S, D-Link Corporation, Inc., Robert Bosch GmbH, Panasonic Corporation, GeoVision Inc. and others.”

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