The Video Surveillance market is growing by leaps and bounds. The space valued around $30.37 billion in 2016 is projected to reach $75.64 billion by 2022, growing at a CAGR of 15.4% between 2017 and 2022. Several factors are fueling the growth of the industry with major ones being increased installation of video surveillance systems, high-definition camera, rising concern for physical security and so on.
In the coming times, APAC region is expected to contribute the maximum to the growth of surveillance market. Viable reasons behind this growth could be higher need of the security and surveillance in the region in the wake of criminal activities and terror attacks, and China undertaking more infrastructure projects. Owing to such factors, the commercial segment is projected to grow at a higher CAGR between 2017 and 2022, according to estimates from MarketandMarekt.
Not just the big organizations, but the retailers and small businesses are also realizing the increasing needs of security arrangements. And this in turn, is pushing the popularity of the cloud-based video surveillance among small, medium and large-scale enterprise. Further, the cloud-based video surveillance is pushing up the mobile video surveillance market.
Going ahead, the mobile video surveillance market will see more competition with a string of large players pushing their products in the regional market. To up their market share, the players are following various strategies such as expensive product launch, acquisitions, and partnerships. Also, these companies are investing heavily in the research and development to improve their products and offer better services.
Now that we know the potential that the video surveillance industry holds, let’s take a look at the major players in the segment.
Directview Holdings Inc (OTCMKTS: DIRV) – DIRV offers teleconferencing services to the business and the organizations, and also operates in security and surveillance segment through its subsidiaries.
Over the past year or so, things are looking more chinned up for the company with several catalysts and positive developments pushing the stock price up. Apart from winning big clients, the company is also looking to expand its infrastructure to a new location in Dallas, TX. This is a big indicator of the growth that the management is expecting going ahead.
Cisco Systems, Inc. (NASDAQ: CSCO) – the company sells the range of products and services including video surveillance and security products. The company is constantly making efforts to expand its offering in the security market. Its collaboration with Rackspace to offer the protection against the evolving sophisticated threats is expected to bode well for the company.
Cisco has managed to ring deal with companies like Apple, Allianz, and Aon to launch new cyber risk management solutions for businesses. The share price of the company is in a secular uptrend and is in a multi-year bull-run.
Sony Corp ADR (NYSE:SNE) – Sony is in the development, design, manufacture, and sale of a range of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as, game consoles and software. The company enjoys a decent presence in the surveillance and security services space as well with products like IP cameras, 4K solution for Video security, Mobile apps for smarter installation of the cameras and so on.
Both Cisco and Sony are big names in the tech world, and both operate in several other segments as well. However, DIRV is heavily dependent on the video surveillance market, which is expected to grow significantly over the next few years. So, considering the potential that video surveillance market holds, DIRV is more likely to offer better gains to the investors.