Published On : 15 Oct 2018
Vast advancements in the field of digital data capturing, recoding, and processing in the past few years has led to the development of a variety of surveillance systems that form the core of security systems across the globe. Wireless video surveillance systems such as close circuit cameras have come a long way from producing pixelated and dark shots or recordings even in good lighting conditions to producing high definition videos even during nights. From working only with wired networks a few years ago, surveillance cameras are going wireless and are allowing surveillance in areas that do not have plausible internet connectivity.
With a vast rise in the set of applications and increasing demand from across new end-use sectors, the global market for wireless surveillance systems has picked momentum and continues to expand at an impressive pace. Rising demand from across new regional markets will grant promising growth prospects to the market in the near future as well.
Reusability and Portability of Wireless Video Surveillance Systems Lead to Increased Demand
The vast rise in the number of burglaries, thefts, and security issues in politically charged countries has compelled residents as well as enterprises to adopt reliable surveillance systems. Wireless video surveillance systems are gaining increased popularity owing to factors such as the added convenience, reusability, and portability they provide. The high number of companies producing these products has led to a notable decline in product costs, which is another factor why wireless video surveillance systems have become increasingly popular across a number of application areas.
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Concerns Associated with Security/Misuse of Data could Hamper Market Growth
Despite mostly promising growth opportunities, the global wireless video surveillance systems market could be challenged by factors such as the need to replace batteries frequently in most kinds of wireless video surveillance systems to keep them working and the need for a reliable wireless network for effective transmission of recorded videos. Replacement of batteries can emerge as a tedious maintenance task, especially when the surveillance cameras are located on hard-to-reach places; wireless networks may be available across a large number of regional markets, but the bandwidth necessary for video transmission may not be available, negatively affecting the quality of video being transmitted.
Increased Demand from Retail Sector to Work Well for Market
Moreover, issues concerned with the security of data collected from surveillance systems also grants these systems a negative image, restricting their usage across a number of high-profile areas where age-old or new-age technologies may be more preferred. Nevertheless, rising demand from the retail sector and government organizations could help the market sail easily through these headwinds. Besides, the improvements seen in IP-based security surveillance systems could also help the market gain good growth prospects.
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