Video Surveillance Market to Reach USD 33.60 Billion by 2026; Rising Utilization of Deep Learning Technology to Spur Growth

Fortune Business Insights

- Key Companies Profiled are Avigilon Corporation, BCDVideo, Bosch GmbH, Dahua Technology Co., Ltd., Axis Communications AB, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc., Huawei Technologies Co., Ltd., Panasonic Corporation, Pelco, FLIR Systems, Inc.

PUNE, India, June 1, 2020 /PRNewswire/ -- The global video surveillance market is likely to gain momentum from the increasing usage of deep learning technology. It helps in lowering calibration of algorithms and facilitating video analytics. Therefore, it is capable of driving the usage of video surveillance software in the near future. This information is given in a recently published report by Fortune Business Insights, titled, "Video Surveillance Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Video Surveillance as a Service (VSaaS)), By End-User (Commercial, Industrial, Residential and Government), and Regional Forecast, 2019-2026."." The report further mentions that that the market size was USD 19.12 billion in 2018 and is projected to reach USD 33.60 billion by 2026, exhibiting a CAGR of 6.8% during the forecast period.

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This Report Answers the Following Questions:

• What are the video surveillance market trends, growth drivers, and hindrances?
• How will the market be impacted in the future?
• What are the opportunities and challenges that the market may come across in the coming years?
• Which region is likely to lead the market by generating maximum revenue?
• Which strategies are being adopted by key players to augment sales?

Drivers-