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Wireless Monitoring and Surveillance Market Business Growth, Industry Trends, Financial Planning, Sales Revenue and Forecast 2027




Overview

Wireless Monitoring and Surveillance Market is the latest security feature being implemented in various areas using Wi-Fi technology. Its ability in capturing images and video feeds at a rapid velocity and covering a large area can lead to its implementation. The global wireless monitoring and surveillance market report by Market Research Future (MRFR) covers drivers, challenges, opportunities, and trends for the period of 2018 to 2023 (forecast period). Implications of the COVID-19 pandemic on the industry have been taken into account in the latest iteration of the report.

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Market Scope

The global wireless monitoring and surveillance market is expected to reach USD 111.10 billion in 2023 at a CAGR of 16.85% during the forecast period. It was valued at USD 44.55 billion in 2017.

The market is driven by benefits of Wi-Fi such as flexible connectivity, accurate data transmission, cheap installation, and fast transfer of data. Implementation of remote surveillance networks for enhancing the security in commercial and industrial premises can drive the market demand over the forecast period. Wireless sensor networks are put in place for video monitoring of specific places and archived for later viewing. Establishment of consortiums for defining certain standards and rules for protecting data gained by surveillance and monitoring can bolster the market demand. In addition, development of mobile apps for monitoring and availability of customized kits for easy installation of systems will benefit the market in the long run.

Alternative to Wi-Fi such as Bluetooth Low Energy, NB-IoT, and Zigbee and the low security features of wireless technology are major challenges faced by the market.

Regional Analysis

The regional analysis of Wireless Monitoring and Surveillance Market Trends is studied for North America, Europe, Asia-Pacific, and the rest of the world. Among the regions mentioned above, the wireless monitoring system and surveillance have spread its roots in North America and most of Europe. Wireless monitoring systems are rapidly replacing the traditional monitoring and surveillance system. There is a rising need for efficient video surveillance in public as well as private sector across the US, Canada, UK, France, and Germany. There is a close competition between North America and Europe for the dominating region. However, Europe is expected to lead the market by the end of the forecast period due to emerging startups and already established vendors in this region catering to the growing need for effective security measures across the globe. On the other hand, Asia-Pacific is expected to be the fastest growing region. One of the major factors for this fast growth is urbanization and fastest growing emerging economies.

Wireless Monitoring and Surveillance Market – Competitive Landscape

Highly competitive, the global wireless monitoring and surveillance market appears fragmented with the presence of many well-established industry players. To gain a significantly larger competitive share, players incorporate strategic approaches such as mergers & acquisitions, collaboration, expansion, and technology/product launch. Technology providers strive to provide industry-leading solutions for surveillance and communication.

Segmentation

By component, the market is segmented into hardware, software, and services. Hardware is further segmented into network equipment/nodes, monitoring stations, cameras, servers, and others. Services are segmented into monitoring, designing & implementation, and control services.

By type, the market is segmented into wireless personal monitoring system, wireless video monitoring system, wireless security monitoring system, and wireless network monitoring system.

By connectivity, the market is segmented into cellular/LTE, Wi-Fi, Bluetooth/BLE, Zigbee, 6LoWPAN, Z-Wave, NB-IoT, and others.

By end-user, the market is segmented into healthcare, BFSI, security, infrastructure, government, entertainment & media, and others.

Major Players:

Players leading the global wireless monitoring and surveillance market are National Instruments Corporation (US), Xsensio (Switzerland), Texas Instruments Inc. (US), Telensa Ltd (UK), D-Link Corporation (US), Actlight (Switzerland), Cisco Systems Inc. (US), Enevo (Finland), The ADT Corporation (US), Credit Karma (US), Uniden Corporation (Japan), Axis Communications AB ( Sweden), Attero (India), Robert Bosch GmbH (Germany), Honeywell International Inc. (US), Sigfox (France), and Panasonic Corporation (Japan), among others.

Industry/Innovation/Related News:

October 06, 2020 — Resideo Technologies, Inc. (the US), a leading provider of home comfort and security solutions, announced the availability of its Honeywell Home ProSeries Security and Smart Home Platform. The ProSeries Platform is an entry-level security system to a fully integrated smart home solution offering an end-to-end solution for residential and small businesses.

The new ProSeries Platform offers a uniquely scalable, modular design and includes an all-in-one wireless security panel, combining three critical elements ? security, fire safety, and smart home control.

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Posted by on 18. May 2021. Filed under Networking. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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