Cloud-based Video Surveillance: The Future of Video Security Industry
Cloud-based video surveillance is emerging as the next generation of video surveillance for security. It is an IT solution routed through the cloud for greater efficiencies with a number of features and flexibility. This solution radically alters the landscape of the on-site DVR/NVR and analog camera dominated video surveillance market. Cloud-based video surveillance is also safe as there is no video storage device (DVR) on the customer premises and the stored video has universal access through any computer connected to the internet. Cloud storage provides redundancy in case of disk failures. All these factors will help the cloud-based video surveillance market to grow in the coming years.
According to our research report, “Global CCTV Market Forecast to 2014”, rising concerns for security and safety throughout the world has led to robust growth of video surveillance market. On the back of rising concern towards providing security in both public and private sectors and protection against terrorist activities, the market for global CCTV market is projected to reach around US$ 23 Billion by the end of 2014, growing at a CAGR of around 20% since 2012. However, during the course of the study, it has been found that the analogue CCTV market is currently dominating the global CCTV market; though the scenario is anticipated to change in the coming years.
Besides this, the region-level analysis, carried out in the report revealed that Asia and Middle East will gain significant share in the global CCTV market by 2014-end, capturing around one-fourth share. India and China with their huge population base will be the key drivers in the Asian market. The report also discusses the CCTV market in major countries like the US, Canada, the UK, Italy, Germany, and Russia, among others, and presents forecast for almost each nation. We have chosen these countries for the purpose of our study, keeping in view the current market trends and growth potential. Overall, the comprehensive research aims at providing an unbiased picture of the global CCTV industry to help clients understand the market dynamics and make sound investment decisions accordingly.
Our report, “Global CCTV Market Forecast to 2014”, provides a detailed research and rational analysis of the current status and expected position of the cctv industry in various countries. Analysis of video surveillance in different industry verticals including retail industry, transportation industry, etc. has also been covered in our research report. It also highlights the CCTV technology by product type, component type, and by application.
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