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Research&Markets: Video surveillance market grow at CAGR of 25% by 2018
Research and Markets has announced the addition of the "Global Video Surveillance Market Forecast & Opportunities, 2018" report to their offering.
According to Global Video Surveillance Market Forecast & Opportunities, 2018, the video surveillance market revenues are forecasted to grow up to around three folds globally, whereas, IP/Network video surveillance market would be growing by almost four folds in terms of revenue by the end of 2018 and is anticipated to grow at the CAGR of around 25% during 2013-18.
International terrorism and data theft issues are emerging as the most serious concerns for the governments globally, resulting into increased demand for video surveillance systems. Governments from many countries are enhancing their budgets for video surveillances to be installed in every part of the country which is driving the demand for video surveillance systems.
In addition, the need to secure data in offices is also generating huge demand for video surveillance systems. With the advancement in technology for in IP/Network based video surveillance the enormous demand has been generated globally, especially in defense and commercial sectors. Retail and residential security end users are also expected to be growing heavily due to growth in commercial and residential infrastructure market, where IP/Network based video surveillance demand is expected to grow in next five years.
The report forebodes that the highest demand will be witnessed from China, United States, India and United Kingdom, majorly due to the increasing terrorist threats & attacks, growth in IT infrastructure and other security concerns.