Closed Circuit TV Cameras Market Projected CAGR of 13%

  • the advent of high mega pixel cameras is on factor driving the CCTV cameras market.
  • CCTV cameras market is anticipated to record a CAGR of 13% over the forecast period.
  • North America is expected to showcase substantial growth during the forecast period.

Increasing application of CCTV cameras in various industrial sectors such as retail, commercial infrastructure, government and others is expected to boost the growth of the CCTV cameras market during the forecast period. Additionally, the advent of high mega pixel cameras is also further driving the CCTV cameras market.

An increasing security threat in North America explains why regional market growth is expected to be very good.

CCTV cameras market is anticipated to record a CAGR of 13% over the forecast period. The CCTV cameras market is expected to showcase a vibrant growth by the end of the forecast period. The market is expected to attain a total market size of $27 billion by 2027. The growth in market can be attributed to increasing application of CCTV cameras in rapidly expanding industrial and commercial sectors across the globe. Additionally, the increasing technological development in CCTV cameras is expected to further fuel the growth of overall market during the forecast period.

Segmentation

The market can be segmented on the basis of model, technology and application. On the basis of model, it is sub-segmented into box, PTZ, bullet and dome. On the basis of technology, it is sub-segmented into wireless, analog, hybrid and IP-based. On the basis of application, it is sub-segmented into hospitality, retail, commercial infrastructure, BFSI, government and home security.

Regional Analysis

On the basis of regional analysis, global CCTV cameras market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia-Pacific region is expected to be leading region for the growth of overall market during the forecast period. The high application of CCTV cameras in various industrial sectors in Asia Pacific region is expected to propel the growth of overall market during the forecast period.

CCTV cameras market is anticipated to record a CAGR of 13% over the forecast period.

North America is expected to showcase substantial growth during the forecast period. An increasing security threat in region is expected to be the major reason for the growth of the CCTV Cameras Market in the region during the forecast period.

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Key Players

This report also provides the existing competitive scenario of some of the key players of the global CCTV cameras market which includes company profiling of key companies such as Toshiba Corporation, Axis Communication AB, Bosch security systems Inc., CP Plus International, Dahua Technology Co. Ltd., GeoVision Inc., Honeywell International Inc., Mitsubishi Electric Corporation, Panasonic Corporation, and Pelco Inc.

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