The Video Surveillance Market is projected to grow at CAGR 18.60 % during the forecast period 2021-2026. The growth of this market can be attributed to the increasing concerns for public safety and security, rising adoption of IP cameras, and growing demand for DIY and spy cameras.
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APAC is expected to grow at the highest CAGR in the market during the forecast period. The use of security cameras is expected to increase in APAC countries as these are emerging economies with a growing number of manufacturing bases, and the terrorist attack is a strong possibility. Moreover, the market for video surveillance is expected to witness an upsurge in APAC owing to the increased security concerns in APAC countries such as India and China.
Key market players include Hikvision (China), Dahua (China), Axis Communications (Sweden), Bosch Security Systems (Germany), FLIR (US), Avigilon (Canada), Hanwha Techwin (South Korea), Honeywell Security Group (US), Infinova (US), Pelco (US), BCD Video (US), CP Plus (India), Nice Systems (Israel), Panasonic (Japan), Tiandy (China), Uniview (China), Vivotek (Taiwan), and Zicom (India).
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