About CCTV Camera
The CCTV camera stands for a closed-circuit television camera, is sometimes simply called video surveillance. CCTV refers to a system of video feeds, which are transmitted within a closed system from various security cameras. CCTV is different from broadcast television, in that signals are not sent out for just anyone to intercept. Rather, video streams are available only to authorized users. In practical terms, any home security camera surveillance system is technically a CCTV system. Nowadays, CCTV cameras now feature high-resolution full-color feeds, and many are capable of switching seamlessly to infrared at night. Moreover, Night vision is a technological advance that allows a user to penetrate even the deepest dark to see images.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 15.8% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global CCTV Camera market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bosch security systems Inc. (United States), Honeywell International Inc. (United States), Panasonic System Network Co. Limited (Japan), Hikvision (China), Axis Communications AB (Sweden), Toshiba Corporation (Japan), Samsung Techwin (South Korea), Vicon Industries, Inc. (United States), Mitsubishi Electric (Japan) and Schneider Electric (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Checkpoint Systems (United States), Maxwell Security Systems (Thailand), ADT fire and security (United States), Hi-Focus (India) and CP Plus International (India).
Segmentation Overview
AMA Research has segmented the market of Global CCTV Camera market by , Application (Retail, Hospitality, BFSI, Commercial Infrastructure, Home Security, Government and Others (Transportation, Healthcare, etc.)) and Region.
On the basis of geography, the market of CCTV Camera has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Model Type, the sub-segment i.e. PTZ camera will boost the CCTV Camera market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Analog CCTV Systems will boost the CCTV Camera market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
More Cloud-To-Cloud Integration, Smart Tech to Deliver Environmental Benefits and Sensor Integration to Drive Smart Actions
Market Growth Drivers:
Rising Penetration of CCTV’s In Education, Hospital and Retail Sectors, Rising Terrorism and Threat of Crime Are Also Fostering the Demand for CCTV and Increasing Demand from Residential Sector Owing To Taking Care Of Elders, Children & Pets
Restraints:
High Costs Associated With New Technology and Privacy Concerns
Opportunities:
The Introduction of New CCTV Technology Cameras
Market Leaders and their expansionary development strategies
On 9 April 2019, Honeywell has announced a first-of-its-kind technology integration with Intel that will enable new artificial intelligence (AI) capabilities in its MAXPRO connected security platform. The new security platform, which will support MAXPRO Network Video Recorders (NVR) and Video Management Systems (VMS), will incorporate Intel® Vision products that enable advanced analytics, deep learning, and facial recognition capabilities. These greatly enhanced security solutions will drive cost and time savings by significantly reducing false alarms and will meet compliance requirements such as General Data Protection Regulation (GDPR) through identity anonymization.
On 26 March 2018, Cemtrex Inc., a world-leading technology and manufacturing company, announced that it has entered into an agreement to acquire ownership of approximately 46% of the outstanding common stock of Vicon Industries, Inc., a New York-based leading provider of mission-critical security and video surveillance systems.
Key Target Audience
CCTV Camera Manufacturers, CCTV Camera Sub Component Manufacturers, CCTV Camera Traders/Distributors, CCTV Camera Importer/Exporter, Potential Technology Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.