"The Report Global
Wireless Video Surveillance Market 2017-2021 provides information on
pricing, market analysis, shares, forecast, and company profiles for
key industry participants. - MarketResearchReports.biz"
Registering
an impressive CAGR of over 21.0% from 2017 to 2021, the global market
for wireless video surveillance is estimated to expand at a rapid
pace. According to a report added to MarketResearchReports.biz, the
paradigm shift from analog to Internet Protocol (IP) cameras is the
most significant trend observed in the overall video surveillance
market. The publication of 80 pages is titled “Global
Wireless Video Surveillance Market
2017-2021” also notes the growing use of thermal cameras, which is
likely to drive the market.
The
low cost of wireless video surveillance installation, the
availability of cheap labor, the low cost of maintenance, and low
total cost of ownership are some of the key benefits offered by these
systems, in addition to greater flexibility, easy installation, high
quality, better compatibility with the needs of consumers, and
improved scalability. Thermal cameras, specifically, are being
increasingly used for their benefits of water and heat resistance to
monitor unique, large-scale environments that are difficult to view.
On the down side, however, lack of awareness among end users has been
keeping the wireless video surveillance market from attaining its
full potential.
The
main regional markets for wireless video surveillance are the
Americas, Asia Pacific, and Europe, the Middle East, and Africa.
Dominating the global market are the Americas and experts in the
industry predicts that this segment is likely to hold on to its lead
through 2021. Nevertheless, the region will lose share in the coming
years because being the early adopters of this technology, the level
of saturation is rather near.
Industrial,
commercial, and residential are the three key sectors using wireless
video surveillance solutions around the world. In 2016, the
commercial sector took the lead and is likely to retain its winning
streak throughout the forecast period. This can be attributed to the
rising use of wireless video surveillance in retail firms and growing
installation of security solutions to discourage as well as stop
unauthorized access.
Bosch
Security Systems, Hangzhou Hikvision Digital Technology, and Cisco
Systems are the top three companies operating in the worldwide
wireless video surveillance market. This immensely competitive market
is increasingly diversified owing to the strong foothold of global as
well as regional players. However, local vendors are finding it
increasingly difficult to compete with the giants since global
players have been making the most of their financial strength and
pulling in their abundant resources to gain a larger share in the
market.
View Press Release @
http://www.marketresearchreports.biz/pressrelease/3749
On
the whole, players have been turning to technological innovations,
expanding product and service portfolio, and mergers and acquisitions
to sustain themselves in the wireless video surveillance market.
Other key vendors in this space include RadiusVision, LaView
Eagle-Eye Technology, Toshiba, Sentry Communications and Security,
FLIR Systems, Swann, D-Link, GO2Tech, Motorola Solutions, and
Frontpoint Security Solutions.
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