MarketsandMarkets: Global Network Camera and Video Analytics Market worth $5,760.27 Million by 2017
DALLAS, September 28, 2012 /PRNewswire/ –
According to a new market research report “Network Camera and Video Analytics Market -
Global Forecast, Trend & Analysis – Segmentation by Technology, Function, Resolution,
Product & Service Type, System Architecture, Verticals, Application and Geography (2012 -
2017)” published by MarketsandMarkets (http://www.marketsandmarkets.com), the network
camera and video analytics market, on the whole, is expected to reach $5,760.27 million by
2017, at a CAGR of 22.4% from 2012 to 2017.
Browse 89 tables and tables with 28 figures spread through 277 pages in-depth TOC on
“Network Camera and Video Analytics Market – Global Forecast,Trend & Analysis
-Segmentation by Technology,Function,Resolution,Product & Service Type,System
Architecture,Verticals,Application and Geography (2012 – 2017)”.
Early buyers will receive 10% customization on reports.
The global video surveillance market has changed dramatically over the years. The need
for intelligent security systems, increasing terrorist strikes, dwelling infrastructure,
and rising criminal activities has fueled the demand for reliable and intelligent security
systems. The trends in video surveillance market is rapidly changing from analog to
digital systems, standalone solutions to networked implementation and growing array of
complex video analytics. The advantages of surveillance systems over physical security
such as the ability to allow remote monitoring have resulted in wide deployment across the
Network camera and video analytics are only two components of video surveillance
system that are growing faster than the overall video surveillance market. The potential
to boost efficiency levels of video surveillance, facilitate reduction of human
intervention, and achieve related cost savings is encouraging the adoption of these two
The key factors driving the network camera market are the need for high resolution;
reduction of total cost of ownership (TCO) backed by government investments and increasing
demand from non security applications. On the other side, the network camera market growth
is hammered by factors like high bandwidth requirements of network camera and lack of data
privacy. Embedding the edge-based video analytics in network camera could add a
competitive advantage to network camera manufacturers. The global network camera market is
estimated to be worth $1.85 billion in 2012 and expected to reach $4.5 billion in 2017 at
a CAGR of 19.5% from 2012 to 2017.
The global network camera market
[http://www.marketsandmarkets.com/Market-Reports/visual-communication-market-775.html ] is
evenly distributed across various geographies. As of 2011, Americas led the suppliers
segment with share of 30% in the year 2011. However, APAC is expected to grow at a
relatively higher CAGR during the projected period.
The key factors driving the video analytics market are the transition of video
surveillance system from analog to network (digital), emergence of open standards, and
increase in the efficiency of video surveillance system; while the video analytics
complexity, clubbed with higher cost of maintenance of analytics and occurrence of false
alarm are key inhibitors of video analytics market. Video analytics market’s non security
application like entertainment & visual communication are considered as lucrative market.
The global video analytics market is estimated to be worth $250 million in 2012 and
expected to reach $1,260.27 million in 2017 at a CAGR of 38.6% from 2012 to 2017.
The video analytics market is expected to be led by Americas during the projected
period. However, APAC is observed to grow at the highest rate. This is primarily due to
the growth of technology, increasing awareness about network video surveillance.
MarketsandMarkets is a global market research and consulting company based in the U.S.
We publish strategically analyzed market research reports and serve as a business
intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also
provides multi-client reports, company profiles, databases, and custom research services.
MarketsandMarkets covers thirteen industry verticals; including advanced materials,
automotives and transportation, banking and financial services, biotechnology, chemicals,
consumer goods, energy and power, food and beverages, industrial automation, medical
devices, pharmaceuticals, semiconductor and electronics [
], and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt
business insight with our huge market intelligence repository. To know more about us and
our reports, please visit our website http://www.marketsandmarkets.com.
Contact: Mr. Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-6006-441 Email: firstname.lastname@example.org MarketsandMarkets Blog @ http://www.marketsandmarkets.blogspot.in http://twitter.com/marketsmarkets