Network Cameras & Video Analytics Market buoyed by recent success of home security companies
Since the turn of the century, safety and security have been at the forefront of public needs. Popular public places, government building, business establishments and military bases have all undergone a thorough security overhaul. A surge in criminal and terrorist activities across the globe has led to a great need for smart security monitoring and various types of security equipment.
This growing need has led to greater reliance on computers and remote video surveillance systems. Most countries have reached the conclusion that technology has significant advantages over physical or human reliant security. This is where the Network Cameras & Video Analytics Market has really thrived.
Scope & Regional Forecast of the Network Cameras & Video Analytics Market
The Network Cameras & Video Analytics Market has significantly benefitted from the recent advances in technology and wireless security technology. The Network Camera market and the Video Analytics Market have gone a long way in allowing their core competencies to gel well. Both have embraced the cloud based service platform in the hope of producing better analytical observations and findings.
Technology has allowed home security companies and business security systems in providing real time security monitoring and analysis. Security alarm companies have also gotten into the act to provide rapid alarms necessary to deal with threats. All of this is possible due to the rapid progress of wireless security. These factors have greatly boosted the Network Cameras & Video Analytics Market.
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The increase in awareness has led to the purchase of more business security systems. Even the general public has become more vary and the home security companies are cashing in on this. According to IndustryARC, this need for security equipment has taken the demand-supply balance of the Network Cameras & Video Analytics Market to a whole new level.
Geographically, the share of the Video Analytics Market and Network Camera Market is evenly distributed across all the continents. This is due to the global spread of terrorism and the recognition of this by most countries.
Segmentations & Key Players involved in the Network Cameras & Video Analytics Market
The Network Cameras & Video Analytics Market can be broken down into various segmentations on the basis of –
Application: Aerospace & Defense Security, Commercial Security, Hospitality & Entertainment, Border Security, Residential Security and Government & Institutional Security.
Resolution: Standard Definition (SD), High Definition (HD) and Megapixel.
Some of the key players involved in the Network Cameras & Video Analytics Market according to IndustryARC are as follows:
- Honeywell Security
- Milestone Systems
- Axis Communications
- Agent Video Intelligence
- Arecont Vision LLC
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