The global wireless video surveillance market is expected to grow at a compound annual growth rate of 21.35% over the period between 2014 and 2019, according to a report by Research and Markets.
Video surveillance is the process of monitoring or observing the activities, behavior, or movements of individuals or groups, for enhanced security. It is used by retail stores, government departments, hospitals, transportation and logistics companies, and law enforcement agencies, the report said.
However, video surveillance requires strong network infrastructure for efficient data transmission, which incurs high TCO. These include replacement and upgrading costs of video surveillance equipment, cost to maintain network infrastructure, and cost of hiring professional expertise, it said.
Wireless video surveillance connects wireless network access points to surveillance equipment such as cameras, storage devices, and video recorders for efficient monitoring from a remote location and negates the need of investment in network infrastructure. As such, the report forecasts a growth of the global wireless video surveillance market over the period 2014-2019.
To calculate the market size, the report considers the revenue generated from the sales of wireless video surveillance solutions.
The market is segmented on the basis of geography into the Americas, EMEA, and APAC.
The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the market.