Shashie Pawar

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Global CCTV Cameras Industry Estimated to Flourish at by 2024

The CCTV Camera Market will witness a healthy growth from 2018 to 2024, a research report suggests. Growing at a CAGR of 12.90%, the market is projected to reach US$31,190 million by 2024.  Advances in technology is expected to support the market growth along with the advent of 4k cameras and advanced security camera technology. 

CCTV Camera MarketGLOBAL CCTV MARKET

The global CCTV market was valued at
USD 17.40 billion in 2016 and is expected to reach
USD 33.89 billion by 2020 with a compound annual
growth rate (CAGR) of 18.13% during the forecast period

 

   
 

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Market Share by Region, 2018 (%)
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REST OF THE WORLD

KEY PLAYERS:

LETTERS

Panasonic Corporation

REALE

Hangzhou Hikvision Digital Technology Co. hd

 

oR DRIVERS

+ Rising safety and security concern
« Traffic monitoring
+ Enhanced business productivity

 

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RESTRAINTS: i (3 Communications AB
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T RESEARCH FUTURE 2019 Market Research Future www markets esearchiytune com
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