Global Video Surveillance Market Outlook to 2025: $89.7 Billion Industry Opportunity Analysis

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Dublin, July 12, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering. The Global Video Surveillance Market size is expected to reach $89.7 billion by 2025, rising at a market growth of 14.6% CAGR during the forecast period.Governments, enterprises, financial institutions, and healthcare organizations alike are all expected and required to have a certain level of security and monitoring measures. Consequently, there has been a drastic increase in the demand for security applications like video surveillance to monitor and record borders, ports, corporate houses, transportation infrastructure, educational institutes, buildings, public places, and others, which is expected to drive the video surveillance market growth globally.Based on End User, the market is segmented into Commercial, Military & Defense, Infrastructural, Residential and Others. The market for the commercial segment is expected to grow at the highest CAGR during the forecast period. The growth of this vertical is attributed to the increasing use of video surveillance systems in applications such as retail stores and malls, enterprise and data centers, banking and financial buildings, hospitality centers, and warehouses.Retail stores are likely to be the fastest-growing applications within the video surveillance market. Retail shops have a higher vulnerability of being more prone to security risks, such as theft, accidental loss, vandalism, product diversion, and inventory loss, compared to other business properties.

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Globe Newswire: 12:07 GMT Friday 12th July 2019

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