Wireless Video Surveillance Market by Region – Global Opportunities & Forecast, 2020-2027

 

Wireless Video Surveillance Market

The global Wireless Video Surveillance Market size is expected to grow at a CAG of 10.3% during the forecast period. The extensive usage of wireless security cameras to impede terrorism and fight crime will bolster the wireless video surveillance market growth.

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Wireless Video Surveillance Market Dynamics

Video surveillance refers to the process of observing the performance, activities of persons for enhanced security. It is largely used by government agencies, transport, clinics, and logistics firm, and law enforcement agencies. Wireless video surveillance integrates wireless network admission points to monitoring systems like cameras. The evolution of smart cities and the surging demand for real-time security systems are the major factors steering the market growth. The growing usage of transit intelligence systems has strengthened the market size. Also, the rapidly accelerating urban population and increasing demand for real-time video supervision and disruptive technology will bolster the market growth. The public transit surveillance system is mainly used for safety enhancement to prevent ground transportation against unpleasant events. As per the National Insurance Crime Bureau, in the U.S. nearly 873,080 vehicles were stolen in 2020, i.e., 9.2% more than in 2019.

Apart from this, the increasing economic development and government offices will bolster the market size because of the need of video surveillance to impede fraud and terrorism. The strong mobile surveillance is being installed in school buses and airports to diminish vitiation and other criminal activities, which will bolster the market growth. It also offers more elasticity because it is not tied down by wire, which enables the system to be rearranged or move to a new place if needed.

However, the wireless video surveillance system completely relies on the network strength. Any disturbance or weak signal may result in loss of connectivity to the system resulting in lost footage. This factor may act as a restraint and hinder the wireless video surveillance market size.

Component Segment Drivers

Based on the component, the hardware segment is anticipated to witness a faster growth during the forecast period. The growing safety concern across various sectors has raised the deployment of the security camera. Also, the wireless video surveillance market report projects that the ongoing technological advancement in the camera provides extremely specialized view as zoom-in & zoom-out, motion detection, thermal screening, night vision, and distant video surveillance will fuel the market growth. The wireless video surveillance system needs different hardware such as computer, receiver, and camera, to function easily without any obstacle.

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