Security and Surveillance Equipment Market Analysis, Trends, Forecast, 2014-2020

Security & surveillance equipment refers to items or devices used to observe behaviour and activities of people or individuals. The equipment is installed for security purposes, i.e. for safety of people and property. Theft and fraud at various locations cause a huge amount of loss to individuals, organizations and government; this equipment helps detect this loss and minimise such activities as much as possible.

Security & surveillance equipment is also used for damage detection and structural health monitoring system in aerospace, automotive industry, naval, civil and other applications. Major advantages of using such equipment include theft prevention and safety assurance. It can also help analyse and provide valuable evidence during any criminal conviction and minimise expenses on manual security. Marketing challenges for surveillance equipment include constantly changing demands and requirements of customers, which involve continuous up gradation of its technology. Usage of security & surveillance equipment has certain limitations due to various jurisdiction and privacy concerns.

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The global market demand for security & surveillance equipment is rapidly increasing, owing to increasing criminal activities and a rising concern for safety and supervision. Major drivers for the growth of this market are government involvement and initiatives, integration of physical security with surveillance equipment, development of high definition and megapixels driving camera markets, evaluation of smart homes and organizations, a growing demand for advanced security & surveillance system and improvements in data storage like cloud or network storage and data storage systems. On the other hand, lack of standardization, high cost of cloud storage services, privacy concerns, limited availability of skilled professionals and high initial cost restrains the growth of this market....