Video Surveillance Market to Reach $71.28 Billion by 2022

Posted on April 29, 2016 by GilPress

Video-Surveillance-As-A-Service-Cloud-Video-Camera

MarketsAndMarkets:

Video Surveillance market is expected to be worth $71.28 Billion by 2022, growing at an estimated CAGR of 16.56%.

The market for the service segment is expected to grow at the highest CAGR between 2016 and 2022. Cloud services and video surveillance as a service (VSaaS) play an important role in the video surveillance system.

Software components include video analytics and video management software. Also, the use of neural networks and algorithms in the biometric surveillance system is a part of software component.  The advancement in software technologies and networking services would lead the video surveillance market.

About GilPress

I'm Managing Partner at gPress, a marketing, publishing, research and education consultancy. Also a Senior Contributor forbes.com/sites/gilpress/. Previously, I held senior marketing and research management positions at NORC, DEC and EMC. Most recently, I was Senior Director, Thought Leadership Marketing at EMC, where I launched the Big Data conversation with the “How Much Information?” study (2000 with UC Berkeley) and the Digital Universe study (2007 with IDC). Twitter: @GilPress
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