Valued to be $51.5 Billion by 2026, Network Cameras and Video Analytics Slated for Robust Growth Worldwide

SAN FRANCISCO, Sept. 2, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Network Cameras and Video Analytics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 17; Released: April 2021
Executive Pool: 14771
Companies: 19 - Players covered include ADT Security Services; Agent Video Intelligence; Axis Communications AB; Bosch Security Systems; Canon, Inc.; Cisco Systems, Inc.; Dahua Technology Co., Ltd.; Exacq Technologies; Genetec Inc.; Hangzhou Hikvision Digital Technology Co. Ltd.; Hanwha Techwin Co., Ltd.; Honeywell International, Inc.; IC Realtime, LLC; MOBOTIX AG; Panasonic Corp.; Pelco Inc.; SightLogix Inc.; Verint Systems Inc.; VIVOTEK Inc.; Zhejiang Uniview Technologies Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Type (IP Cameras, Video Analytics Software); Application (Security/Surveillance, Other Applications); End-Use (Government, Retail, Banking & Financial, Transportation, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Network Cameras and Video Analytics Market to Reach $51.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Network Cameras and Video Analytics estimated at US$18.1 Billion in the year 2020, is projected to reach a revised size of US$51.5 Billion by 2026, growing at a CAGR of 19% over the analysis period. IP Cameras, one of the segments analyzed in the report, is projected to record a 17.1% CAGR and reach US$41.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Video Analytics Software segment is readjusted to a revised 23.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6.5 Billion in 2021, While China is Forecast to Reach $9 Billion by 2026
The Network Cameras and Video Analytics market in the U.S. is estimated at US$6.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9 Billion by the year 2026 trailing a CAGR of 18.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 16.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.

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