Wireless Video Surveillance Market to Garner $64.1 Bn, Globally, by 2031 at 11.9% CAGR: Allied Market Research

Increase in need for safety in high-risk areas, incorporation of Internet of Things, and rise in transition from analog surveillance to IP cameras have boosted the growth of the global wireless video surveillance market.

PORTLAND, Ore., Aug. 30, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Wireless Video Surveillance Market by Component (Hardware, Services), by Application (Commercial, Military and Defense, Infrastructure, Residential, Others), by Customer Type (Business to Business, Business to Customer): Global Opportunity Analysis and Industry Forecast, 2021-2031". As per the report, the global wireless video surveillance industry accounted for $21 billion in 2021, and is expected to reach $64.1 billion by 2031, growing at a CAGR of 11.9% from 2022 to 2031. The report provides an in-depth analysis of changing market trends, key investment pockets, top segments, regional landscape, value chain, and competitive scenario.

Download Free Sample Report (Get Detailed Analysis in PDF – 349 Pages): https://www.alliedmarketresearch.com/request-sample/17518

Major Determinants of the Market Growth

Increase in need for safety in high-risk areas, incorporation of Internet of Things, and rise in transition from analog surveillance to IP cameras have boosted the growth of the global wireless video surveillance market. However, dearth of professional expertise and high investment costs hinder the market growth. On the contrary, surge in inclination toward development of smart cities would open new opportunities in the future.  

Covid-19 Scenario:

• With the governments of various nations imposing lockdown, the production and manufacturing facilities were shut down. The lack of workforce and disrupted supply chain negatively affected the market.
• The disrupted supply chain created significant gap in supply chain. Moreover, economic impact of the pandemic has been disruption.
• Major market players in the industry witnessed a slowdown due to dearth of availability of skilled professionals to develop industrial 3D printing solutions.

Interested to Procure the Data? Inquire here: https://www.alliedmarketresearch.com/purchase-enquiry/17518

The Hardware Segment Dominated the Market Growth

By component, the hardware segment held the largest share in 2021, accounting for nearly two-thirds of the market, and is estimated to dominate the global wireless video surveillance market throughout the forecast period, as it plays a vital role in effective operations of the wireless video surveillance system. However, the services segment is expected to register the highest CAGR of 13.4% during the forecast period, as it deals with outsourcing of storage and management of data in a system.

The Infrastructure Segment to Manifest the Highest CAGR Through 2031

By application, the infrastructure segment is expected to register the highest CAGR of 14.19% during the forecast period, due to adoption of wireless video surveillance by government to use it in high alert spaces such as prison. However, the commercial segment held the largest share in 2021, contributing to more than one-fifth of the global wireless video surveillance market, due to its remote monitoring feature that allows data access through web portals and mobile applications.

The Business to Business Segment Held The Lion's Share

By customer type, the business to business segment dominated the market in 2021, accounting for around three-fourths of the global wireless video surveillance market, and is expected to continue its dominance from 2022 to 2031, as wireless video surveillance is considered as essential security technology for businesses. However, the business to customer segment is estimated to showcase the highest CAGR of 12.66% during the forecast period, as major players in the market have adopted B2C business model for their operations for their convenience.

North America Held the Largest Share

By region, the global wireless video surveillance market across North America dominated the market in 2021, holding nearly two-fifths of the market, and is expected to dominate in terms of revenue during the forecast period. This is due to rise in adoption of surveillance system utilizing cameras, expanding smart city efforts, and use of facial recognition applications. However, the market across Asia-Pacific is projected to manifest the highest CAGR of 13.11% during the forecast period, due to heavy investments in infrastructure and smart city projects in various countries in the region along with increase in adoption of IP surveillance systems by the governments of many Asia-Pacific countries to prevent crime.

Enquire for Customization with Detailed Analysis of COVID-19 Impact in Report @ https://www.alliedmarketresearch.com/request-for-customization/17518?reqfor=covid

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wireless video surveillance market analysis from 2021 to 2031 to identify the prevailing wireless video surveillance market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the wireless video surveillance market outlook assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global wireless video surveillance market trends, key players, market segments, application areas, wireless video surveillance market forecast and market growth strategies.

Key Market Segments

Component

• Hardware
• Hardware Type
• Camera
• Storage Device
• Monitor
• Services
• Service Type
• Video Analytics
• VSAAS
• Integration Services

Application

• Infrastructure
• Residential
• Commercial
• Military and Defense
• Others

Customer Type

• Business to Business
• Business to Customer

By Region

• North America (U.S., Canada, Mexico)
• Europe (France, Italy, Spain, Russia, Poland, Rest of Europe, U.K., Germany)
• Asia-Pacific (China, Japan, India, South Korea, Philippines, Australia, Indonesia, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

Major Market Players

• Voith
• Bellmer
• Cellwood
• Andritz
• Toscotec
• Cellie
• OverMade Srl
• Ihi Corporation
• Valmet
• Kawanoe Zoki Co., Ltd
• Nsk Ltd
• Parson
• Cnbm Allimand
• Kadant Inc.
• Recard SPA
• Georgia-Pacific Corporation

The report analyzes these key players of the global wireless video surveillance market. These companies have adopted several strategies such as expansion, partnerships, new product launches, collaborations, and mergers & acquisitions to maintain their foothold in the industry. In addition, the report is essential in determining the business performance, product portfolio, operating segments, and developments by every market player.

Avenue Basic Plan | Library Access | 1 Year Subscription | Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter

"We have also published few syndicated market studies in the similar area that might be of your interest. Below is the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market."

Trending Reports in Semiconductor and Electronics Industry (Book Now with 10% Discount + Covid-19 Scenario):

U.S. Video Surveillance Market size was valued at $8.29 billion in 2019, and is projected to reach $23.60 billion by 2027, registering a CAGR of 13.9% from 2020 to 2027.

Wireless Security Cameras Systems Market size was valued at $5.91 billion in 2020, and is projected to reach $18.30 billion by 2030, registering a CAGR of 12.4% from 2021 to 2030.

3D Camera Market size was valued at $8.89 billion in 2020, and is projected to reach $142.03 billion by 2030, growing at a CAGR of 31.9% from 2021 to 2030.

Asia-Pacific Professional 3D Camera Market size was valued at $1.00 billion in 2020, and is projected to reach $21.06 billion by 2030, growing at a CAGR of 35.3% from 2021 to 2030.

Wireless Display Market size is expected to reach $9.71 billion by 2030 from $3.64 billion in 2020, growing at a CAGR of 11.00% from 2021 to 2030.

Commercial Video Surveillance Market: Global Opportunity Analysis and Industry Forecast, 2022-2029

Video Measuring System Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975 
help@alliedmarketresearch.com 
Web: https://www.alliedmarketresearch.com/reports-store/

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg