U.S. Video Surveillance Market Size is Projected to Reach $23.60 Billion by 2027 | Registering a CAGR of 13.9%.
U.S. Video Surveillance Market: Opportunity Analysis and Industry Forecast, 2020–2027
WILMINGTON, DELAWARE, UNITED STATES, October 13, 2023 /EINPresswire.com/ — Allied Market Research published a report on the U.S. Video Surveillance Market by Component (Solution, Service, and Connectivity Technology), Application (Commercial, Military & Defense, Infrastructure, Residential, and Others), and Customer Type (B2B and B2C): Opportunity Analysis and Industry Forecast, 2020–2027.
The U.S. video surveillance market size was valued at $8.29 billion in 2019, and is projected to reach $23.60 billion by 2027, registering a CAGR of 13.9% from 2020 to 2027.
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Video surveillance system provides real-time monitoring of environment and people. This surveillance system is used to promote safety and security among users. Next-generation video surveillance cameras are one of the most promising security solutions with the capability to offer real-time surveillance. In addition, it is superior compared to traditional surveillance systems. Video surveillance system helps end users to maintain flexible security solutions in respective environments.
Video surveillance is witnessing wide acceptance and is expected to experience growth in the security service market in the future. Currently, this technology is in its growing stage; however, it is expected to gain a major position in the market, owing to technological developments. On the basis of features offered by video surveillance system, it has increasingly become popular among end users such as small and medium-scale enterprises. Moreover, advancements in technologies are anticipated to help security camera system and accessories manufacturing companies to reduce the overall cost of production of the system. The U.S. video surveillance market analysis is predicted to exhibit growth during the forecast period, owing to rise in demand for enhanced security products. This is the major factor that propels growth of the U.S. video surveillance market.
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The research report presents a complete judgment of the U.S. video surveillance market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. Also, these research report provides accurate economic, global, and country-level predictions and analysis, size and share analysis, market dynamics, segmental analysis, top investment pockets, competition landscape, market drivers, restraints, and opportunities
Competitive Analysis:
The U.S. video surveillance industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market’s strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the global U.S. video surveillance market include,
• HKVISION, Ltd.
• Bosch Security System
• Honeywell Security Group
• Dahua Technology
• FLIR
• Panasonic
• Avigilon
• Axis Communication
• Infinova
• Pelco
Top Impacting Factors:
Notable factors that positively affect the video surveillance market analysis include rise in need for safety in high-risk areas, growth in transition from analog to IP cameras, and integration of IoT in surveillance cameras. However, high investments such as initial installments and large data storage problems, with lack of professional expertise in handling IP cameras incurs extra cost for such devices. This factor is expected to hinder the market growth. Moreover, emerging trends toward development of smart cities are expected to offer lucrative U.S. video surveillance market opportunity in the coming years.
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international U.S. video surveillance market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
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Key Benefits for Stakeholders:
1) The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
2) This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets.
3) Major countries in each region are mapped according to their revenue contribution to the global market.
4) Porter’s five forces analysis illustrates the potency of the buyers and the U.S. video surveillance market share of key vendors.
5) The report includes major U.S. video surveillance suppliers along with the company overview, business segments, product portfolio, and key strategic moves and development in the market.
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Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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