Report: Global Video Surveillance, VSaaS Market to Surpass $42B by 2019
Acts of terrorism, vandalism and petty crimes continue to drive demand for video surveillance and VSaaS systems by governments and organizations.
Acts of terrorism, vandalism and petty crimes continue to drive demand for video surveillance and VSaaS systems by governments and organizations.
Increased demand for traffic surveillance and intrusion detection is expected to propel the video surveillance market within the next six years.
The global video surveillance market was worth an estimated $15 billion in 2014, and is expected to increase more than 10% in 2015, according to IHS.
A research firm calculates the home automation market is growing at a compound annual growth rate (CAGR) of 26.3%.
According to new research, the North American market recorded a 107% growth in the installed base of smart thermostats to 2.5 million.
A new report by Parks Associates cites increased competition in the connected home in 2015 and provides insight into global trends for the Internet of Things and more.
Americans show the strongest concerns over personal information being collected and used in ways of which they are unaware.
MarketsandMarkets analysts predict that the increased awareness about wireless technologies will propel the home automation and control market.
The United States accounts for 65% of the worldwide market for CCTV equipment sold through in-store and online retail channels.
The enhanced efficiency of enterprise video technologies has led to increased adoption in the region.