The service segment is likely to achieve the fastest growth during the analyis period, owing to increasing demand of VSaaS and increasing requirement of system maintenance and updating among end users.
A rise in terrorist activities is cited as a main market driver, fueling a CAGR of almost 23%.
The contract includes maintenance and supervision of interior and exterior security cameras, control systems and security alarms.
The police department will use the grant money to build a command console where volunteers will monitor security camera feeds.
APAC is expected to hold the largest market share by 2020.
The contract proposal will install 76 new security cameras, replacing analog with digital.
Still to be determined is whether camera footage would be stored in house or via third party.
New system will feature 2,100 cameras as opposed to 900 in the old, outdated system.
The grant will be distributed across 519 schools, with some counties receiving as much as $100,000.
Real-time video feeds can be accessed through the Web by 911 operators, sheriff’s deputies or county marshals.