The Asia Pacific video surveillance market has shown remarkable progress in the recent years and is also showing attractive market potential for the future. Demand for video surveillance is increasing due to the rising demand for high quality images. Video surveillance has proved to be a huge crime deterrent and is being adopted by security and law enforcement agencies across the region. China has the dominating position in terms of market share in the Asia Pacific region followed by Japan and South Korea. The market in India holds immense growth opportunities owing to developments in the country.
In this report, the Asia Pacific video surveillance market has been segmented into two major categories, on the basis of product types i.e. cameras, NVRs, DVRs, servers and software and on the basis of end users into education, retail, healthcare, government, transportation, business and financial services, manufacturing and others. The market has been further segmented by the key countries in the Asia Pacific region, namely, China, India, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand and others.
The Asia Pacific video surveillance market is driven by factors such as increasing security needs, decreasing cost of equipments and emerging new megapixel solutions. The increasing investment by the central and state governments and the increasing demand for high quality images will also act as drivers for the Asia Pacific video surveillance market.
Some of the factors inhibiting the growth of the Asia Pacific video surveillance market are the lack of standardization within the industry and the concern towards damage of hardware and cameras. Data privacy and protection will also hinder the growth of the Asia Pacific video surveillance market.
Some of the key players dominating the Asia Pacific video surveillance market are Axis Communications, Milestone Systems, March Networks Corporation, Vivotek Inc., GE Security, Panasonic Corporation, Sony Corporation, DvTel, Mobotix AG, Honeywell, Bosch Security Systems, Pelco Inc., GeoVision Inc. and Iomniscient.