Overview of the global wireless video surveillance (WVS) market

The global WVS market is anticipated to grow rapidly and will post a CAGR of more than 21% during the forecast period. The increasing shift from analog to IP cameras by the various enterprises will drive the growth prospects for the global WVS market for the next four years. This shift from analog to IP camera enables various end-users to cover a large area for surveillance such as stadiums, city surveillance projects, and hotels, which, in turn,  will propel the demand for wireless video surveillance systems. Some of the major factors responsible for the growing adoption of IP cameras is the low cost of installation, low cost of maintenance, cheap labor, and low total cost of ownership. Also, it has been observed that these cameras have various features such as high quality, flexibility, scalability, easy installation, and compatibility with the changing needs of customers. Moreover, components such as servers or encoders are built-in with IP cameras, which help in image encryption, provide multi-level user access control, and prevent third-party manipulation.

Theemergence of thermal cameras will drive the growth prospects for the global WVS market during the forecasted period. Some of the major factors responsible for the growing demand for thermal cameras is its ability to cover and monitor large-scale or unique outdoor environments such as heavily forested areas that are difficult to view and various properties such as heat resistance and water resistance.

Competitive landscape and key vendors

The global WVS market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. According to the wireless video surveillance market analysis research report, global vendors are increasingly focusing on increasing their market share while local vendors find it difficult to compete against them. Some of the major factors that will intensify the competitive environment of the wireless monitoring and surveillance market include increasing products and services, technological innovations, and M&A.

Key vendors in this market are -

• Bosch Security Systems
• Cisco Systems
• Hangzhou Hikvision Digital Technology

Other prominent vendors in the market include D-Link, FLIR Systems, Frontpoint Security Solutions, GO2Tech, LaView Eagle-Eye Technology, Motorola Solutions, RadiusVision, Sentry Communications and Security, Swann, and Toshiba.

Segmentation by end-user and analysis of the WVS market

• Residential
• Commercial
• Industrial

According to the wireless video surveillance market forecast, the commercial end-users segment accounted for the majority of the market shares during 2016 and will continue to dominate the market for the next four years. One of the key contributors to the market segment’s growth is retail firms. It has been observed that the increasing installation of security solutions to monitor the premises of the organization against unauthorized access has encouraged the commercial end-users to adopt WVS systems.

Segmentation by geography and analysis of the WVS market

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the a majority of the market share during 2016 and will continue to dominate the market until the end of 2021. However, the wireless video surveillance market size and share of the Americas is expected to decline in the coming years as they are the early adopters of WVS systems in the region and will reach saturation very soon.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2021?
• What are the key factors driving the global wireless video surveillance (WVS) market?
• What are the key market trends impacting the growth of the global wireless video surveillance (WVS) market?
• What are the challenges to market growth?
• Who are the key vendors in the global wireless video surveillance (WVS) market?
• What are the market opportunities and threats faced by the vendors in the global wireless video surveillance (WVS) market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global wireless video surveillance (WVS) market?

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Related reports:

• Global Video Surveillance as a Service Market 2016-2020
• Global Residential Security Systems Market 2016-2020
• Global Mobile Broadband in Public Safety Market 2016-2020
• Global Residential and Commercial Security Market 2016-2020