Chronicle Journal: Finance

Video Surveillance Market Is Projected to Grow USD 69.1 Billion by 2026; at a CAGR of 10.0%

Northbrook, IL -- (SBWIRE) -- 10/14/2021 -- According to a research report "Video Surveillance Market with COVID-19 Impact Analysis, By Offering (Hardware (Camera, Storage Device, Monitor), Software (Video Analytics, VMS), Service (VSaaS)), System (IP, Analog), Vertical, and Geography - Global Forecast to 2026", published by MarketsandMarkets™, the Video Surveillance Market is projected to grow from USD 42.9 billion in 2021 to USD 69.1 billion by 2026; it is expected to grow at a CAGR of 10.0% during the forecast period. Owing to COVID-19, the video surveillance market faced some headwinds for 2020–2021. IP cameras with increased hardware functionality and utilization of AI analytics in video monitoring systems are helping to deal with the increase in security threats worldwide. The rise of smart cities and IoT are expected to provide future growth opportunities for the market as modernized cities require innovative solutions to overcome long-term security challenges. Privacy and security concerns over video data restrain the market growth.
Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.