CCTV Camera Market worth USD 37.23 Billion by 2024

 

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CCTV Camera Market – Industry Analysis and Forecast (2017-2024) _ by Model Type (Bullet camera, PTZ camera, Box Camera, Dome Camera, and others), by Technology (Wireless CCTV Systems, Hybrid CCTV Systems, Analog CCTV Systems, IP-based CCTV Systems), by Application (BFSI, Home Security, Retail, Commercial Infrastructure, Hospitality, Government and Others), and by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America).

CCTV or closed-circuit television is a specific TV system in which signals are not publicly distributed but are mostly used for monitoring, mainly for surveillance and security purposes.


CCTV Camera Market valued USD 12.78 Billion in 2017 and expected to reach USD 37.23 Billion by 2024, at a CAGR of 14.3%.

Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the model type, technology, application, and geography to assist in strategic business planning.

There is a rise in demand for CCTV Camera Market primarily for the safety and security purposes. The rise in retail outlets have resulted in companies installing these cameras to maintain the shop and shopper's safety. There is also a rise in the hospitality sector which demands presence of CCTV Camera Market due to erratic working hours or the remote locations. All these factors are driving the overall growth of the CCTV Camera Market. However, the installation of these cameras need regular maintenance and incur a cost which at times become high. This results in malfunctioning of the devices after a span of time, which also acts as a restraining factor for the CCTV Camera Market growth.

The dome camera segment is expected to witness huge market growth:

Higher application of dome cameras in retail shops and malls along with the fact of this being cost-effective has together contributed to the high growth of dome cameras globally and is expected to grow more in future as well.

Asia Pacific is expected to hold a major chunk of the market during the forecast period:

Availability of cheaper variants of CCTV Camera Markets that can be utilized over a prolonged period of time has resulted in Asia Pacific to hold one of the largest market share globally. China has formed one of the largest manufacturer ofCCTV Camera Market in Asia Pacific region.

Scope of the Report:

CCTV Camera Market, by Model Type: Bullet camera, PTZ camera, Box Camera, Dome Camera, and Others

CCTV Camera Market, by Technology: Wireless CCTV Systems, Hybrid CCTV Systems, Analog CCTV Systems, and IP-based CCTV Systems

CCTV Camera Market, By Application: BFSI, Home Security, Retail, Commercial Infrastructure, Hospitality, Government and Others

CCTV Camera Market, By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America
For more information, visit: https://www.maximizemarketresearch.com/market-report/global-cctv-camera-market/3709/


CCTV Camera Market , Market research company

 

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