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Wireless Monitoring and Surveillance Market 2023 | Latest Update, Trends, Growth & International News In One Place - Check Now

December 11, 2019 by Market-NewsFlash  

Reporting on Wireless Monitoring and Surveillance Market’s future with today’s facts

Global Wireless Monitoring and Surveillance Market, by Component (Hardware, Software, Services), Type (Wireless Security Monitoring System), Connectivity (Wi-Fi, Bluetooth/BLE, Z-Wave, Cellular/LTE), End-User (Healthcare, Security) — Forecast till 2023

Wireless Monitoring And Surveillance Market Synopsis

 

 

The global wireless monitoring and surveillance market was valued at USD 44.55 billion in 2017 and is expected to reach USD 111.10 billion in 2023 at a CAGR of 16.85%.

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Wireless monitoring and surveillance global market is growing at a significant pace. The major growth driver of wireless monitoring and surveillance market includes growing demand for better & more cost-effective security management, fast-moving growth of network video market and new strict government initiatives on technology compliance among others. According to a recent study report published by the Market Research Future, The global market of Wireless Monitoring and Surveillance is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016–2027).

Wireless Monitoring and Surveillance Global Market — Competitive Analysis

The market of Wireless Monitoring and Surveillance Market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

Wireless Monitoring and Surveillance Global Market — Segmentation

The Wireless Monitoring and Surveillance Market can be classified into 4 key segments for the convenience of the report and enhanced understanding;

Segmentation by Component: Comprises Digital camera, network nodes, servers, and monitoring stations among others.

Segmentation by Technologies: Comprises Video and IP technologies among others.

Segmentation by End-Users: Comprises Shopping malls/commercial complex, Banks/financial institutions, Government (Municipalities, Military, law enforcement), Educational institutes, and Transportation among others.

Segmentation by Regions: Comprises Geographical regions — North America, Europe, APAC and Rest of the World.

Wireless Monitoring and Surveillance Global Market — Regional Analysis

The wireless monitoring and surveillance market is divided into four regions, namely North America, Asia Pacific Europe and the Middle East and Africa (MEA). North America accounted for the largest market share, owing to increased adoption of new technological solutions, increasing competition among wireless security camera vendors, increasing demand for security and increasing disposable income. However, Asia-Pacific region is expected to grow over the forecast period, 2017–2023. The reason is attributed to technological developments, need for better picture quality and growing demand for security concerns.

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