Published on : Feb 24, 2017
Albany, New York, February 24, 2017: As the technology is evolving, the purpose of providing a better security also becomes easier with the innovations in surveillance technology. With the increasing adoption of the Internet of Things (IoT), there will be a significant increase in the demand for wireless video surveillance systems in the future years; hence, escalating the market’s competitive environment. By considering these factors, a new study by the research experts has been released and broadcasted to the online repository of Market Research Hub’s portal. It is headlined as “Global Wireless Video Surveillance Market 2017-2021” which provides a precise analysis of the global market by analyzing the current scenario of some major region, which includes APAC, Americas and EMEA. Also, with an extensive five-year forecast period of 2017-2021, the analysts have estimated the global wireless surveillance market to grow rapidly at a strong CAGR of 21.01%.
Initially, the report starts with a brief introduction to the major highlights of the market along with the details like- advantages of WVS, network topologies, architecture, categories and types of WVS. It is well known that video surveillance systems offer an easy way to monitor the home or business for theft or destruction, with high-quality CCT video cameras. Nowadays, modern surveillance cameras have a variety of features to choose from, ranging from video resolution to wireless or wired connectivity. The report defines that, WVS connects wireless network access points to surveillance equipment, such as cameras, storage devices and video recorders. One of the major advantages is that it helps in efficient monitoring from a remote location. Some other advantages include:
- WVS provides security to critical infrastructures, such as airports and cities, without any extra wiring and maintenance costs.
- It reduces the installation cost and the cost of hiring professionals as it is easier to install.
Moreover, the report describes that the cumulative shift from analog to IP cameras by the various enterprises will drive the growth prospects for the global WVS market for the next four years. This shift from analog to IP camera enables various end-users to cover a large area for surveillance such as stadiums, city surveillance projects and hotels, will also boost the demand for wireless video surveillance systems globally. Geographically, Americas hold the maximum market share and also continued to remain same until 2021, as well.
Apart from that, in APAC countries, some factors including increased government spending, growing awareness and an increase in private sector spending are accelerating the demand for WVS systems.
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Key vendors operating in the market are:
- Hangzhou Hikvision Digital Technology
- Bosch Security Systems
- Cisco Systems
Some other prominent vendors in the market are D-Link, FLIR Systems, LaView Eagle-Eye Technology, RadiusVision, Sentry Communications and Security, Motorola Solutions, Frontpoint Security Solutions, GO2Tech, Swann and Toshiba.
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