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ASIA PACIFIC VIDEO SURVEILLANCE AS A SERVICE MARKET FORECAST 2021-2028

ASIA PACIFIC VIDEO SURVEILLANCE AS A SERVICE MARKET FORECAST 2021-2028

  • January 2021
  • ID: 4976567
  • Format: PDF
  • Inkwood Research

Summary

Table of Contents

KEY FINDINGS
The Asia Pacific Video Surveillance as a Service Market is anticipated to record a CAGR of 18.86%, across the forecast period of 2021 to 2028. The region’s market growth is attributable to the implementation of improved security system solutions in developing countries, the rising adoption of security standards across several industry modes, and improvements within the transportation infrastructure.

MARKET INSIGHTS
The Asia Pacific Video Surveillance as a Service Market growth is assessed through the analysis of China, Indonesia, Vietnam, South Korea, Australia & New Zealand, Russia, Thailand, India, and the rest of the Asia Pacific.The increasing importance of video surveillance in India, particularly after tragic terror incidents, such as the train attack and the Taj Hotel attack, in 2006 and 2008, respectively, have compelled the government to adopt improved video surveillance solutions.

Moreover, the rising trends of urbanization, the innovations across connectivity, and the emergence of smart homes and offices, further augment the country’s market growth.
On the other hand, Indonesia’s economy has been observing a growing trend, over the past decades.Several companies and industries are also investing in the country, as well.

These investments play a significant role in the development of various sectors, including, information technology, banking, and manufacturing.In addition, the majority of multinational corporations in Indonesia need video surveillance systems, which greatly benefits the country’s demand for the same.

Hence, these factors are expected to fuel Asia Pacific Video Surveillance as a Service Market growth during the forecast period.

COMPETITIVE INSIGHTS
Distinguished firms operating in the market are, Cisco Systems Inc, Panasonic System Networks Co Ltd, Honeywell Security Group, Zhejiang Dahua Technology Co Ltd, etc.

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Companies mentioned
1. ADT SECURITY SERVICES
2. AXIS COMMUNICATIONS AB
3. BOSCH SECURITY SYSTEM
4. CISCO SYSTEMS
5. CLOUDASTRUCTURE INC
6. CONTROLBYNET
7. DURANC
8. ENVYSION
9. GENETEC INC
10. HONEYWELL SECURITY GROUP
11. INDIGOVISION LTD
12. IVIDEON
13. MOBOTIX AG
14. PACIFIC CONTROLS
15. VERINT SYSTEMS INC

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