The video surveillance market was valued at USD 36.89 Billion in 2018 and is expected to reach USD 68.34 Billion by 2023, at a CAGR of 13.1% during the forecast period. The base year considered for the study is 2017, and the forecast period considered is between 2018 and 2023. The objective of the report is to provide a detailed analysis of the video surveillance market based on system, offering, vertical, and regions. The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions-North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their rankings and core competencies in the video surveillance market, along with detailing the competitive landscape for these market leaders.

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Video Surveillance Market

Market for IP video surveillance systems to grow at a higher CAGR during the forecast period

The growth of the IP video surveillance systems market is mainly due to the shifting preference from analog to IP systems. The key advantages of IP systems include enhanced image quality, high scalability, easy installation, and remote accessibility with network-based models. These systems can be integrated with the existing IP network, and they provide the basic platform for software such as video analytics, VMS, and cloud storage. The market for IP video surveillance systems is expected to grow at a rapid pace in the near future owing to technological advancements in IP cameras as well as in the storage device industry.

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