A new market research report finds IP video surveillance is likely to surpass the analog system in 2014 as a result of advantages in terms of quality, scalability, and flexibility.

According to a new market research report Video Surveillance Market by System (Analog, IP) by Hardware, Software & Services, Application (Infrastructure, Commercial, Institutional, Industrial and Residential), and Geography- Global Trends & Forecasts to 2013 – 2020, the total market is expected to reach $42.06 billion by 2020.

Browse 86 market data tables and 72 figures spread through 193 pages and in-depth TOC on “Video Surveillance Market – Global Trends & Forecasts to 2013 – 2020”

The report profiles the major companies active in this field, including Axis Communications AB (Sweden), Avigilon Corporation (Canada), Bosch Security System, Inc. (U.S.), and Pelco by Schneider Electric (U.S.) among others.

This report has divided the industry into four segments: system, hardware, software & services, applications and geography.

Video surveillance system is broadly classified into IP and analog video surveillance system.

The IP video surveillance system is likely to surpass the analog system in 2014 because of the advantages of the IP system over analog in terms of quality, scalability, and flexibility.

The global video surveillance market revenue is estimated to grow from $13.98 billion in 2013 to $42.06 billion in 2020 at a CAGR of 16.97% from 2014 to 2020.

The IP system market is expected to grow at a CAGR of 23.51%. This growth is heralded by increased awareness regarding the IP system across the globe.

This report also details the whole value chain of the video surveillance market. Additionally, it focuses on the parent markets and the sub-markets of this industry and thus, identifies the total potential market that can be tapped by the industry.

The report, based on an extensive research study of the global market and the related products industries, is aimed at identifying the global market of video surveillance-based systems in all the applications.

The report covers the overall market and sub-segment markets through extensively detailed classifications, in terms of revenue.

The research report categorizes the video surveillance market into four different segments, namely, system type, hardware, software & services, application, and geography.

Based on the hardware used, the video surveillance market has been classified into camera, monitors, storage, and accessories.

Based on the application, it has been segmented into infrastructure, commercial, institutional, industrial, and residential applications.

Based on the geography, the report has been segmented into North America, Europe, APAC, and RoW.