Novaira Insights
Video Surveillance Market Bounces Back
Novaira Insights releases its latest report, “The World Market for Video Surveillance Hardware and Software – 2022 edition”. A new report from Novaira Insights reveals that the global video surveillance market grew 16.4% in 2021 as restrictions on movement due to the COVID-19 pandemic eased. The report, “The world market for video surveillance hardware and software” shows that shipments of surveillance cameras and related equipment grew as pent-up demand was served. However, there was a shortage of components used for production of video surveillance equipment in 2021 and this led to higher prices for those components.
The Big 3 Suppliers of Video Surveillance Software
Genetec, Milestone Systems and Motorola Solutions have grown to become the “big 3” suppliers of video surveillance software, video analytics and managed services. According to a new report from Novaira Insights, the global market for video surveillance software and managed services was worth $2.2 billion in 2020 with around 69% of this outside China. However, the supply base outside China is very different to that of the Chinese domestic market.