With the emergence and long-term Impact of COVID-19, Global Wireless Video Surveillance Market to reach USD 54.59 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Wireless Video Surveillance Market is poised to raise up to USD 54.59 Billion by 2030. Wireless video surveillance refers to the use of wireless technology to transmit video and audio data captured by surveillance cameras to a remote location for monitoring and recording. The wireless video surveillance market includes various components, such as cameras, recorders, and software, that enable the wireless transmission and management of surveillance data. However, the high cost of Wireless Video Surveillance stifles market growth throughout the forecast period of 2023-2030.
Geographically, the global Wireless Video Surveillance market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America is expected to be a significant market for wireless video surveillance due to the increasing demand for advanced security systems. The presence of key market players, such as Axis Communications, Bosch Security Systems, and Honeywell International, further supports the growth of the market in this region.
The Asia-Pacific region is expected to be the fastest-growing market for wireless video surveillance, owing to the increasing adoption of security systems in various industries, such as retail, banking, and transportation. The emergence of smart cities and the increasing need for public safety are also expected to contribute to the growth of the market in this region.
The global Wireless Video Surveillance market is highly competitive owing to the presence of several key manufacturers such as Axis Communications AB, Bosch Security Systems Gmbh, CP PLUS, D-Link Corporation, Eagle Eye Networks, Inc., FLIR Systems, Inc., Genetec, Hangzhou Hikvision Digital Technology Co., Ltd, and others.
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Key findings of the study suggest:
- Global Wireless Video Surveillance Market is anticipated to grow with a healthy growth rate of more than 11.20% over the forecast period 2023-2030.
- In the Component segment, Hardware emerged out as the leading market segment in 2022.
- In the Application segment, Commercial emerged out as the leading market segment in 2022.
- In the Customer Type, Business to Business emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increasing demand for advanced security systems. The presence of key market players.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Component:
- Hardware
- Services
By Application:
- Commercial
- Military and Defense
- Infrastructure
- Residential
- Others
Customer Type:
- Business to Business
- Business to Customer
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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