Smart Surveillance Needs Drive Growth in Global City Surveillance Market
June 29, 2017 | Frost & SullivanEstimated reading time: 1 minute
The global city surveillance market is ripe for growth. Global city infrastructure expansion and adoption of Smart City initiatives, coupled with a need for smart, real-time surveillance networks with intelligence analytics solutions to mitigate crime and keep citizens safe, are factors driving growth. Addressing challenges relating to breadth of privacy, budgets, legacy systems and limited bandwidth will further boost market development. In a highly fragmented and competitive market, successful companies will be those that strengthen their brand value and position by adding innovative technologies to their product portfolio.
“Real-time monitoring is expected to grow with law enforcement agencies relying more on surveillance networks than traditional evidentiary and review. Analytics packages and applications will become prevalent across city surveillance systems,” said Frost & Sullivan Security Research Analyst Rakesh Vishwanath.
Global City Surveillance Market, Forecast to 2022, new research from Frost & Sullivan’s Security Growth Partnership Subscription, finds that spending will increase across the city surveillance industry due to decreasing Internet protocol (IP) camera prices and continued improvements in analytics, video management systems (VMS), and smarter storage technologies. The study analyses current and expected market developments, drivers, restraints, revenue forecast by country, and growth opportunities. Key suppliers, such as Sony, Bosch, Huawei, Dahua, Milestone Systems, Wavestore, Verint, Nice and Avigilon, and competitor factors across these segments are provided.
Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan’s thought leaders.
Trends and developments driving growth in the global city surveillance market include:
- Terror attacks and crime rates;
- Infrastructure expansion and investment in smart city projects;
- Major surveillance system upgrades;
- Surveillance system expansion; and
- Adoption of advanced analytic systems with artificial intelligence capabilities.
“Cameras will dominate market spending, primarily owing to the increase in digitisation and enhanced capabilities to perform under challenging environments coupled with decreasing costs,” noted Vishwanath. “This will also lead to a steady increase in spending on storage as increased surveillance is directly related to the better management of data.”
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
Suggested Items
KIC’s Miles Moreau to Present Profiling Basics and Best Practices at SMTA Wisconsin Chapter PCBA Profile Workshop
01/25/2024 | KICKIC, a renowned pioneer in thermal process and temperature measurement solutions for electronics manufacturing, announces that Miles Moreau, General Manager, will be a featured speaker at the SMTA Wisconsin Chapter In-Person PCBA Profile Workshop.
The Drive Toward UHDI and Substrates
09/20/2023 | I-Connect007 Editorial TeamPanasonic’s Darren Hitchcock spoke with the I-Connect007 Editorial Team on the complexities of moving toward ultra HDI manufacturing. As we learn in this conversation, the number of shifting constraints relative to traditional PCB fabrication is quite large and can sometimes conflict with each other.
Standard Of Excellence: The Products of the Future
09/19/2023 | Anaya Vardya -- Column: Standard of ExcellenceIn my last column, I discussed cutting-edge innovations in printed circuit board technology, focusing on innovative trends in ultra HDI, embedded passives and components, green PCBs, and advanced substrate materials. This month, I’m following up with the products these new PCB technologies are destined for. Why do we need all these new technologies?
Experience ViTrox's State-of-the-Art Offerings at SMTA Guadalajara 2023 Presented by Sales Channel Partner—SMTo Engineering
09/18/2023 | ViTroxViTrox, which aims to be the world’s most trusted technology company, is excited to announce that our trusted Sales Channel Partner (SCP) in Mexico, SMTo Engineering, S.A. de C.V., will be participating in SMTA Guadalajara Expo & Tech Forum. They will be exhibiting in Booth #911 from the 25th to the 26th of October 2023, at the Expo Guadalajara in Jalisco, Mexico.
Intel Unveils Industry-Leading Glass Substrates to Meet Demand for More Powerful Compute
09/18/2023 | IntelIntel announced one of the industry’s first glass substrates for next-generation advanced packaging, planned for the latter part of this decade.