North American Video Surveillance Market Expected to Be $35 Billion by 2025
According to a report by the market research company Reportbuyer, the North America video surveillance market is expected to grow at a CAGR of 17.1 percent for the forecast years of 2017-2025 and is estimated to be worth $35 billion by 2025.
The report lists three reasons for the growth: a growing implementation of security solutions by the commercial sector, falling prices of cameras and a shift from analog to IP cameras have all acted as major drivers for the expansion of the market. The report predicts the growing preference among users for IP-based systems in the coming years.