South Africa Ip Video Surveillance and Vsaas Market

“The South Africa IP video surveillance and VSaaS market is at an evolving phase. After the impact of the recession during 2008–2010, the South African video surveillance market was cushioned by the constructions for FIFA World Cup in 2010. The IP video surveillance and VSaaS market gained momentum since then, slowly replacing the analog surveillance systems. The adoption of IP surveillance system has witnessed a surge in recent years. The growing security concerns and shift of consumer demand from traditional surveillance system to network surveillance for better clarity and management/analysis of surveillance data have been catalyzing the market since couple of years. Lack of awareness amongst the customers is restraining the market growth. Probable customers from the commercial and government sectors are aware of the importance of network surveillance system; however, a widespread awareness is yet to reach the home owners. System integrators play an important role in the adoption of IP surveillance in the country as they are the sole point of contact for customers to avail surveillance solution.

South Africa IP Video Surveillance and VSaaS market is segmented into component and end user. Hardware component was the largest revenue generating segment in 2013 and cloud solutions accounted for the lowest revenue. Based on components, the market is further segmented into hardware, software, cloud solutions and services. The end user segment has been segregated into banking & financial sector, retail, government & higher security, manufacturing & corporate, residential, casino & entertainment, healthcare and others. Banking and financial sectors was the largest market in 2013; however, manufacturing and corporate are the sector would be the fastest growing market during the forecast period.

The key players operating in the South African IP video surveillance and VSaaS market include Avigilon Corporation, Axis communication AB, D-Link Corporation, Genetec, March...