Global Network Cameras and Video Analytics Industry

Global Network Cameras and Video Analytics Industry

  • July 2020 •
  • 326 pages •
  • Report ID: 5336801 •
  • Format: PDF
Global Network Cameras and Video Analytics Market to Reach $60.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Network Cameras and Video Analytics estimated at US$18.1 Billion in the year 2020, is projected to reach a revised size of US$60.9 Billion by 2027, growing at aCAGR of 19% over the period 2020-2027. IP Cameras, one of the segments analyzed in the report, is projected to record 17.1% CAGR and reach US$41.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Video Analytics Software segment is readjusted to a revised 23.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $5.4 Billion, While China is Forecast to Grow at 18.3% CAGR

The Network Cameras and Video Analytics market in the U.S. is estimated at US$5.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.6 Billion by the year 2027 trailing a CAGR of 18.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 16.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.We bring years of research experience to this 17th edition of our report. The 326-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • ADT Security Services
  • Agent Video Intelligence
  • Axis Communications AB
  • Bosch Security Systems
  • Canon, Inc.
  • Cisco Systems, Inc.
  • Dahua Technology Co., Ltd.
  • Exacq Technologies
  • Genetec Inc.
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Hanwha Techwin Co., Ltd.
  • Honeywell International, Inc.
  • IC Realtime, LLC
  • Panasonic Corp.
  • Pelco Inc.
  • SightLogix Inc.
  • Verint Systems Inc.
  • VIVOTEK Inc.
  • Zhejiang Uniview Technologies Co., Ltd.