South Africa Video Surveillance Market (2016-2022)

May 12th 2016 Mumbai, India: Bharatbook.com announces a report on “ South Africa Video Surveillance Market (2016-2022) ”. In South Africa’s video surveillance market, IP video surveillance segment accounted for majority of the market revenue owing to major deployments in government & transportation vertical.

South Africa is the leading video surveillance systems market in African region. Compared to other African countries, South Africa’s market is quiet mature. Though, South African market dominates in Africa but has registered sluggish demand for video surveillance systems during 2013-15 owing to overall economic slowdown and depreciation of country’s currency.

Expected growth in construction market, rising crime rate, upcoming new hotels & shopping malls, coupled with increasing urbanization rate are some of the few factors that have resulted in the overall growth of video surveillance market in South Africa. South Africa video surveillance market generated $72.3 million in 2015.

In South Africa’s video surveillance market, IP video surveillance segment accounted for majority of the market revenue owing to major deployments in government & transportation vertical.

However, in terms of volume, analog video surveillance systems accounted for majority of the volume share owing to low pricing and accessibility.

Amongst all the verticals, government & transportation acquired largest revenue share of the market pie in the country. Over the next six years, commercial offices and healthcare & hospitality verticals are forecast to grow at relatively higher CAGR from 2016 to 2022.

Gauteng Province has accounted for the largest share in the market revenue due to growing construction activities in commercial and retail verticals. During the forecast period, Mpumalanga province region is forecast to grow at relatively higher CAGR from 2016 to 2022.

The report thoroughly covers the market by video surveillance types, by verticals, and by regions. The...