According to a new market report published by Transparency Market Research Video Surveillance and VSaaS Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019 the global market is expected to reach a value of US$42.81 billion by 2019, growing at a CAGR of 19.1% from 2013 to 2019.

Increased security and safety concerns and need to monitor activities to detect intrusion, theft and traffic surveillance are some important reasons driving the growth of the video surveillance and VSaaS market globally.

By system, IP based video surveillance market is expected to grow rapidly at a CAGR of 24.2% during the forecast period from 2013 to 2019.

Growing installations of IP-cameras and need for surveillance cameras with better video quality is driving the demand for IP based video surveillance systems, globally.

By components, hardware market was valued at US$9.49 billion in 2012 and is expected to grow at a CAGR of 17.3% during the forecast period from 2013 to 2019. […]

Browse the full report with complete TOC at   transparencymarketresearch.com