The increasing smart city projects will require the implementation of various security and surveillance systems, thus driving the growth of the market during the forecast period. The project is still underway as of August 2021. In 2015, the Indian government planned to build 100 smart cities through the Smart Cities Mission, of which several states, including Gujarat and Madhya Pradesh, have already completed smart city projects integrated with advanced video surveillance systems. For instance, it is projected that China’s smart cities market will reach USD 59.9 billion by 2023 from USD 30.4 billion in 2018. Increasing investments by governments of various countries to increase safety levels in public places is also expected to boost market growth. The market for the infrastructure vertical is expected to register the highest CAGR during the forecast period.City surveillance is the dominant application for the video surveillance market in infrastructure and is expected to grow at a high rate. Market for infrastructure vertical to grow at highest CAGR during the forecast period IP cameras save the video data with the help of various video encoding or compression techniques, available network protocols, and the Application Programming Interface (API) used by the video management software. IP cameras have better capabilities compared to analog cameras as they can perform digital processing within the camera, such as compression and motion detection, as well as contain other hardware components for encoding/decoding or cybersecurity.Over the past few years, the trend of converting analog systems into digital systems has increased. Market for IP cameras to have higher growth throughout the forecast period
#GENETEC VIDEO PLAYER SOFTWARE#
Various software capabilities fulfill the varying requirements of end users, hence driving the growth in video surveillance software market. Modern VMS has integration capabilities for various software applications, such as people counting, facial recognition, and number plate recognition.Real-time video analytics can provide important insights on events or activities across several verticals. Market for video surveillance software to have highest CAGR during the forecast period The rise in IoT capabilities, upcoming smart cities, as well as the use of thermal cameras in response to COVID-19 are expected to provide short-term and long-term opportunities for market growth.
#GENETEC VIDEO PLAYER DRIVERS#
Increasing hardware capabilities of video surveillance cameras, including increased camera capabilities, maturing technology, features, and customized systems, as well as increasing use of software analytics and AI in video monitoring, are expected to be the main drivers for the market. 19, 2021 (GLOBE NEWSWIRE) - announces the release of the report "Video Surveillance Market with COVID-19 Impact Analysis, By Offering, System, Vertical And Geography - Global Forecast to 2026". 1 billion by 2026 it is expected to grow at a CAGR of 10. 9 billion in 2021 and is projected to reach USD 69. The video surveillance market is expected to grow from USD 42.