Video Surveillance Market to Reach USD 33.60 Billion by 2026; Rising Utilization of Deep Learning Technology to Spur Growth: Fortune Business Insights™
PUNE, India, June 1, 2020 /PRNewswire/ -- The global video surveillance market is likely to gain momentum from the increasing usage of deep learning technology. It helps in lowering calibration of algorithms and facilitating video analytics. Therefore, it is capable of driving the usage of video surveillance software in the near future. This information is given in a recently published report by Fortune Business Insights™, titled, "Video Surveillance Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Video Surveillance as a Service (VSaaS)), By End-User (Commercial, Industrial, Residential and Government), and Regional Forecast, 2019-2026."." The report further mentions that that the market size was USD 19.12 billion in 2018 and is projected to reach USD 33.60 billion by 2026, exhibiting a CAGR of 6.8% during the forecast period.
Get Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/sample/video-surveillance-market-102673
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this market.
This Report Answers the Following Questions:
Increasing Smart City Initiatives to Skyrocket Demand
The rising adoption of artificial intelligence (AI) worldwide is one of the major video surveillance market growth drivers. The Carnegie Endowment for the International Peace Organization published a paper in 2019 which states that out of the total 176 countries, 75 of them are using AI for surveillance purposes, such as smart citing, facial recognition systems, and more. It proves that the rising development of facial recognition applications and smart city initiatives by several regions would contribute to the market growth.
Outbreak of COVID-19 Pandemic to Hamper Growth
In December 2019, as the outbreak of Covid-19 started in Wuhan, China began showcasing a reduction in production backed by the lack of man-power. It is because China is considered to be a major hub for the production of video surveillance equipment. In addition to that, the local demand for this type of equipment is likely to lower as every country is currently emphasizing on controlling the pandemic. Almost every region, such as Asia Pacific and North America are under lockdown. It would affect the cross-border and domestic transportation and logistics of video surveillance systems, such as system-on-chip devices and CMOS sensors. If the pandemic is controlled, it would have a considerable impact on the market. If not, then it can obstruct growth for a long time period.
Quick Buy – Video Surveillance Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102673
Detailed Table of Content
Browse Related Reports:
Cyber Security Market Size, Share & Industry Analysis, By Solution (Network Security, Cloud Application Security, End-point Security, Secure Web Gateway, Internet Security), By Deployment Type (Cloud and On Premise), By Enterprise Size (Small & Medium Enterprise and Large Enterprise), By End-Use (BFSI, IT and Telecommunications, Retail, Healthcare, Government, Manufacturing) and Region Forecast, 2020-2027
Artificial Intelligence (AI) Market Size, Share and Industry Analysis By Component (Hardware, Software, Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, Others), By Industry Vertical (BFSI, Healthcare, Manufacturing, Retail, IT & Telecom, Government, Others) and Regional Forecast, 2019-2026
Video Live Streaming Solutions Market Size, Share and Global By Deployment Type (Cloud based & On-premise), By Solutions (Editing and Transcoding, Delivery and Distribution, others), By Industry Vertical (Education, Government, Gaming and others) and Geography Forecast till 2025
Video Analytics Market Size, Share and Industry Analysis By Component (Solutions, Services), By Application (Crowd Management, Facial Recognition, Intrusion Detection, License Plate Recognition, Motion Detection, and Others), End-User (BFSI, City Surveillance, Critical Infrastructure, Education, Government, Retail, Transportation, and Others) and Regional Forecast, 2019 – 2026
Gamification Market Size, Share & COVID–19 Impact Analysis, By Deployment (Cloud, On-premises), By Enterprise Size (SMEs and Large Enterprises), By Application (Marketing, Sales, Product Development, Human Resource, Others) By Industry (BFSI, Retail, Government, Healthcare, Education and research, IT and Telecom, Others), and Regional Forecast, 2020-2027
Augmented Reality (AR) Market Size, Share & Industry Analysis, By Component (Product, Software, Maintenance & Support Services), By Device Type (Handheld Devices, Stationary AR Systems, Head-mounted Displays (HMDs), Smart Glasses, and Others), By Industry (Gaming, Media and Entertainment, Education, Healthcare and Medical Devices, Retail, Logistics, Manufacturing and Engineering, and Others) and Regional Forecast, 2019-2026
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
View original content to download multimedia:http://www.prnewswire.com/news-releases/video-surveillance-market-to-reach-usd-33-60-billion-by-2026-rising-utilization-of-deep-learning-technology-to-spur-growth-fortune-business-insights-301068379.html
SOURCE Fortune Business Insights
The Why and How of Edge Intelligence Tools