Global Managed Video Surveillance Market, By System (Analog Video Surveillance System, I.P. Video Surveillance System), Hardware (Cameras, Monitors, Storage Devices, and Accessories), Software (Video Analytics, Video Management System), Services (Video Surveillance-as-a-Service, Installation & Maintenance Services), End User (Infrastructure, Commercial, Military and Defence, Residential, Public Facility and Industrial) – Industry Trends and Forecast to 2029.
Managed Video Surveillance Market Analysis and Size
Managed video surveillance system is a security system which captures videos and images streamed to a video provider or third-party company for management and storage. Cloud-based video surveillance systems are mainly used in the commercial sector, including hotels, retail stores, malls, hotels, retail stores and warehouses to detect crime, decrease inventory loss and ensure staff safety, through 3600 seamless surveillance solutions. These advanced wireless system are employed in the defence industry for assets and border surveillance in homeland security missions.
Data Bridge Market Research analyses that the managed video surveillance market was valued at USD 25,204.30 million in 2021 and is expected to reach USD 42,343.82 million by 2029, registering a CAGR of 6.70% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Managed Video Surveillance Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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System (Analog Video Surveillance System, I.P. Video Surveillance System), Hardware (Cameras, Monitors, Storage Devices, and Accessories), Software (Video Analytics, Video Management System), Services (Video Surveillance-as-a-Service, Installation & Maintenance Services), End User (Infrastructure, Commercial, Military and Defence, Residential, Public Facility and Industrial)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Axis Communications AB (Sweden), Panasonic Corporation (Japan), Honeywell International Inc (U.S.), Bosch Sicherheitssysteme GmbH (Germany), NICE (Israel), Teledyne FLIR LLC (U.S.), Zhejiang Dahua Technology Co. Ltd. (China), Hanwha Techwin Co. Ltd. (South Korea), Pelco (U.S.), Hangzhou Hikvision Digital Technology Co. Ltd. (China), Avigilon Corporation (Canada), The Infinova Group (U.S.), Verkada Inc.(U.S.), Dahua Technology Co., Ltd (China), Napco Security Technologies (U.S.), D-Link Corporation (Taiwan), Mobotix (Germany)
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Market Opportunities
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Market Definition
Managed video surveillance as a service is mainly a remote surveillance solution which is managed and offered by a specialized managed service provider (MSP). MVaaS infrastructure normally contains vendor provided customer-premises equipment (CPE) device and network/Internet enabled surveillance cameras, generally a switch, server or both. When enabled, MVaaS records or captures live video which is stored on the CPE device and is also constantly backed up on a remote vendor’s storage server.
Managed Video Surveillance Market Dynamics
Drivers
- Increasing security concerns
Managed Video surveillance finds wide use in the security industry to prevent criminal and terrorist activities. Governments are investing considerably in the development of the most sophisticated surveillance networks and increasing their utilization to reinforce the fight against counterterrorism operations and street crimes.
- Surging Product Launches
Additionally, the surging product launches and other innovations by market players further offer numerous growth opportunities within the market. For instance, Dahua Technology Company is a Chinese supplier of video surveillance services and products which has launched Imou Ranger IQ, Imou V8i Smart Lock, and Imou Wireless Security System in the market. Imou V8i Smart Lock features 3D A.I. facial recognition technology to attain more security, allowing users to lead a relaxed, convenient life and free their hands of keys.
Opportunities
- Technological Advancement
Managed video surveillance technology has seen numerous advancements, the most important feature of this video surveillance being 3D virtualization. The advanced host surveillance systems are equipped with camcorders, alarms, motion sensors, fire detectors, access controls, and other features. This makes the managed video surveillance perfect for the public surveillance. They can also be used for the neighbourhood, building, workplace, or home video surveillance.
Furthermore, emerging new markets and rise in strategic collaborations will also act as market drivers and further increase the valuable opportunities for the market's growth rate.
Restraints/ Challenges
- Rise in the number of cloud-storage
The increase in cloud-storage users has made this managed video surveillance system more beneficial. They can easily be misused by data leakage or unauthorized access. Hence, these factors are the major factor which may be challenging to the surveillance system providers.
However, Intrusion of privacy, high investment cost, lack of awareness about the effectiveness of public security systems, and lack of skilled workforce to handle complex I.P. cameras tend to restrain the demand and obstruct the managed video surveillance market growth.
This managed video surveillance market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the managed video surveillance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- Hikvision launched a flow control solution that utilizes deep learning algorithm and 3D binocular stereo vision to count the number of people entering and leaving a building In May 2020. When pre-defined capacity thresholds are exceeded, It sends real-time alerts thus, helping retail stores and other business owners maintain social distancing.
Global Managed Video Surveillance Market Scope
The managed video surveillance market is segmented on the basis of system, hardware, software, services and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
System
- Analog Video Surveillance System
- I.P. Video Surveillance System
Hardware
- Cameras
- Monitors
- Storage Devices
- Accessories
Software
- Video Analytics
- Video Management System
Services
- Video Surveillance-as-a-Service
- Installation & Maintenance Services
End User
- Infrastructure
- Commercial
- Military and Defence
- Residential
- Public Facility and Industrial
Managed Video Surveillance Market Regional Analysis/Insights
The managed video surveillance market is analysed and market size insights and trends are provided by country, system, hardware, software, services and end user as referenced above.
The countries covered in the managed video surveilliance market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the managed video surveillance market in terms of market share and market revenue. This is due to the presence of major key players in this region.
Asia-Pacific is expected to be the fastest developing region during forecast period due to the substantial opportunities for low manufacturing and labour costs.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Managed Video Surveillance Market Share Analysis
The managed video surveillance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to managed video surveillance market.
Some of the major players operating in the managed video surveillance market are:
- Axis Communications AB (Sweden)
- Panasonic Corporation (Japan)
- Honeywell International Inc (U.S.)
- Bosch Sicherheitssysteme GmbH (Germany)
- NICE (Israel)
- Teledyne FLIR LLC (U.S.)
- Zhejiang Dahua Technology Co. Ltd. (China)
- Hanwha Techwin Co. Ltd. (South Korea)
- Pelco (U.S.)
- Hangzhou Hikvision Digital Technology Co. Ltd. (China)
- Avigilon Corporation (Canada)
- The Infinova Group (U.S.)
- Verkada Inc.(U.S.)
- Dahua Technology Co., Ltd (China)
- Napco Security Technologies (U.S.)
- D-Link Corporation (Taiwan)
- Mobotix (Germany)
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