According to the report "Video Surveillance Market in Southeast Asia 2014-2018," from TechNavio, analytics is expected to be a major trend in Southeast Asia in 2015. Commenting on the report, an analyst from the team said: “One major trend in this market is migration to video analytics, which allows the user to moni
According to the report "Video Surveillance Market in Southeast Asia 2014-2018," from TechNavio, analytics is expected to be a major trend in Southeast Asia in 2015.
Commenting on the report, an analyst from the team said: “One major trend in this market is migration to video analytics, which allows the user to monitor a site from a remote location. It also enables the analysis of video recordings from different angles, leading to high accuracy and efficiency.”
According to the report, one of the major drivers of the market is an increase in security concerns. Southeast Asia has witnessed a significant increase in incidences of terrorism and domestic violence. Countries in this region are playing an important role in enforcing video surveillance in sensitive zones.
Further, the report states that the high upfront cost of video surveillance systems is one of the major challenges that the market faces. This results in the fluctuation of the revenues of video surveillance equipment manufacturers, which adversely affects their profitability.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.