CCTV Market Synopsis

As per the research by Market Research Future Reports (MRFR), the global CCTV market is estimated to value USD 19 billion, with a CAGR of 20% during the forecast period. The rising public safety is the most significant factor growing the global CCTV market 2020. The concerns regarding the safety of employees, especially the female workforce, have resulted in the fast adoption of the CCTV cameras in various companies. The market is turning into an organized sector, which is another reason for market expansion. Besides, the investments made by capitalist firms have played a crucial rule in augmenting the market. There has been a rise in the increased installation of CCTV cameras in private and public areas is leading to the expansion of the market. The usage of these cameras has contributed in preventing civil unrest, preventing theft, and several anti-social activities, etc. the increasing number of manufacturers are offering technically equipped cameras, which is leading to an upward trajectory of the CCTV market. The increasing usage of CCTV cameras in healthcare and banking is leading to the expansion of the market. The technically advanced cameras are being demanded in the military and defense sector of various regions, which is another factor of market expansion.

However, the outbreak of COVID-19, the market has been analyzed again with new establishments. We will provide COVID-19 impact analysis with the report. 

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CCTV Market Key Players

The forefront players of the global CCTV cameras are Honeywell Security, Hikvision Digital Technology, Bosch Security System, Dahua Technology, Safran Security, Assa Abloy, Flir Systems, Tyco Security Products, Samsung, and Axis Communications and few others.

CCTV Market Segmentation

The global CCTV market can be segregated on the basis of technology, end-users, types of CCTVs, and region.

On the basis of technology, the global CCTV market can be classified into CMOS and CCD technology.

On the basis of end-users, the global CCTV market can be classified into hospitals, educational centers, hotels, religious places, real estates, government, IT sector, retail, and transport sector. The Government sector is estimated to dominate the vertical.

On the basis of the channel structure, the global CCTV market can be classified into the retail channel and distribution channel.  The distribution channel is estimated to acquire the largest share in the global CCTV market.

On the basis of CCTVs, the global CCTV market can be classified into HD analogue, analogue, and internet protocol cameras. The IP camera is further sub-divided into wireless IP cameras and wired IP cameras.

On the basis of region, the global CCTV market can be classified into North America, Asia-Pacific, Europe, and the Rest of the World (Row).

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CCTV Market Regional Analysis

The regional analysis of North America, Asia-Pacific, Europe, and the Rest of the World (Row) has been conducted. As per the research by MRFR, the global market is dominated by the North American market. The second position is attained by Europe, and the third place is attained by Asia-Pacific. The North American region is likely to maintain its position in the market during the forecast period. Besides, the developed infrastructure and demand for network-based video surveillance solution in the US is among the most important factors of expansion. Moreover, there has been a rise in demand for CCTV cameras in several application areas. The European region is growing due to the demand for efficient surveillance strategies in several sectors. On the other hand, the APAC region is expanding due to the higher demand for CCTV cameras in the fast-improving infrastructure in the APAC region.