The global wireless surveillance market is set to see strong growth in the coming years.
The global wireless surveillance market is set to see strong growth in the coming years on increased consumer shift towards digital systems, lower camera prices and increased security concerns.
According to a report from Technavio, the market will reach US$1,505.64 million, at a CAGR of more than 21 percent from 2017 to 2021.
“IP cameras are finding wide adoption in the video surveillance sector due to their affordability, flexibility, scalability, ease of installation. These cameras can evolve with the customer’s needs and can be easily integrated with existing security devices,” said Amit Sharma, one of the lead analysts at Technavio for IT security research.