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Global Video Surveillance and VSaaS Market is Expected to Reach USD 42.81 Billion Globally in 2019: Transparency Market

  Global Video Surveillance and VSaaS Market is Expected to Reach USD 42.81
            Billion Globally in 2019: Transparency Market Research

  PR Newswire

  ALBANY, New York, October 30, 2013

ALBANY, New York, October 30, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research "
Video Surveillance and VSaaS Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2013 - 2019 ," the global market is expected to
reach a value of USD 42.81 billion by 2019, growing at a CAGR of 19.1% from
2013 to 2019. Increased security and safety concerns and need to monitor
activities to detect intrusion, theft and traffic surveillance are some
important reasons driving the growth of the video surveillance and VSaaS
market globally.

Browse the full report with complete TOC at 
http://www.transparencymarketresearch.com/video-surveillance-vsaas-market.html

By system, IP based video surveillance market is expected to grow rapidly at a
CAGR of 24.2% during the forecast period from 2013 to 2019. Growing
installations of IP cameras and need for surveillance cameras with better
video quality is driving the demand for IP based video surveillance systems,
globally.

By components, hardware market was valued at USD 9.49 billion in 2012 and is
expected to grow at a CAGR of 17.3% during the forecast period from 2013 to
2019. It comprises of surveillance cameras, recorders and storage, encoders,
and monitors. Recorders and storage segment held the largest share of 37% in
2012 of the total hardware market followed by surveillance cameras with 32.0%
share but is expected to lose share in the coming years due to growing
preference of cloud based storage (VSaaS). Also, the share of surveillance
cameras is expected to increase to around 46% by 2019 owing to growing
popularity of IP based video surveillance cameras that offer better video
quality and comes with in-built recorders.

Among end user application areas, transportation segment which comprises city
surveillance, public transits, and highways is the largest segment. This
segment accounted for around 15% share of the total market in 2012 and is
expected to grow at a CAGR of 21.2% during the forecast period from 2013 to
2019. Other important application areas for video surveillance and VSaaS
include residential, retail, hospitality, stadiums, and healthcare among
others.

In terms of geography, North America was the largest market in terms of
revenue generation in 2012 that accounted for around 35% share of this market
followed by Asia Pacific with around 31% share. Asia Pacific is expected to be
the fastest growing market during the forecast period, growing at a CAGR of
23.4% and registering a market size of USD 17.12 billion in 2019. Growth in
the Asia Pacific market is mainly spurred by demand from China.

Hikvision Digital Technology Ltd. dominated the global video surveillance and
VSaaS market with a share of 9.4% in 2012 followed by Axis Communications with
5.2% share. Other important players include Honeywell, Dahua Technology, Canon
Inc, Bosch Security, Pelco, Panasonic, and others.

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The global video surveillance and VSaaS market is segmented as below:

Video Surveillance and VSaaS Market

By component

  *Hardware

       *Cameras
       *Recorders and storage
       *Encoders
       *Monitors

  *Software

       *Video analytics
       *Video management software (VMS)

  *Services

       *Hosted
       *Managed
       *Hybrid

By system

  *Analog video surveillance
  *IP based video surveillance

End use application

  *Residential
  *Retail
  *Business organizations
  *Transportation
  *Government buildings
  *Hospitality
  *Industrial
  *Stadiums
  *Healthcare
  *Others (educational buildings, critical infrastructures, so on)

By geography

  *North America
  *Europe
  *Asia Pacific
  *Rest of the World (RoW)

Browse all Chemical & Materials Market Research Reports @
http://www.transparencymarketresearch.com/chemical-market-reports-2.html

About Us

Transparency Market Research is a global market intelligence company,
providing global business information reports and services. Our exclusive
blend of quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. We are privileged with highly
experienced team of Analysts, Researchers, and Consultants, who use
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Our data repository is continuously updated and revised by a team of research
experts, so that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research employs
rigorous primary and secondary research techniques in developing distinctive
data sets and research material for business reports.

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