Name: the alarm and video surveillance market
Brand: Businesscoot
Price: 89 EUR
Availability: InStock

INFORMATION ON THE STUDY

Price: 89€ HT
Last update: 19/11/2021
Language: English
Category: Digital, IT, Technology
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Content of the study

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MARKET OVERVIEW

1.1 Definition and presentation

The video surveillance and alarm market refers to all those systems used in public and private places for the purpose of protecting public order and safety, preventing, detecting or suppressing crime. This market is one of the most active and diverse, is constantly being updated, going hand in hand with the evolution and development of technologies such as 5G, artificial intelligence, and cloud computing (Video Surveillance as a Service). By product type, the video surveillance and alarm market is mainly divided into: Hardware, Software, and Services. The two current world leaders in the video surveillance equipment market are Dahua and Hikvision.

The global video surveillance and alarm market is expected to grow at a CAGR of 4.8% from 2021 to 2026, and increase from a value of $45.8 billion in 2021to$59.7 billion in 2026 .

In Italy, the video surveillance and alarm market has been growing strongly since early 2020(+11% year-on-year), led by 30 companies with double-digit sales growth rates. On Italian soil, manufacturers of security devices and systems now number 150 and are rapidly gaining share. According to the latest financial statements published by the Chambers of Commerce, there are 66 manufacturers with significant growth and strong capitalization.

Future market trends in which surveillance and alarm systems will be an integral part are Smart Cities and Smart Buildings. While, in the early years of its existence, the concept of Smart Cities and Buildings was primarily associated with solutions that sought to manage and optimize energy in order to save energy, it has now begun to broaden, incorporating new categories that can provide new types of services: comfort, health, and most importantly, safety and security.

There are new players from other sectors on the horizon, vying for a slice of the huge pie of public investment. Video surveillance is being promoted, for example, by Huawei, one of the world's largest telecommunications companies.