Know Some of The Splendid Benefits And Trends Of Wireless Monitoring and Surveillance Market By 2023 | Analysis & Forecast

Global Wireless Monitoring and Surveillance Market, by Component (Hardware, Software, Services), Type (Wireless Security Monitoring System), Connectivity (Wi-Fi, Bluetooth/BLE, Z-Wave, Cellular/LTE), End-User (Healthcare, Security) — Forecast till 2023

Wireless Monitoring and Surveillance Global Market — Overview

The global wireless monitoring and surveillance market was valued at USD 44.55 billion in 2017 and is expected to reach USD 111.10 billion in 2023 at a CAGR of 16.85%.

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Wireless monitoring and surveillance global market is growing at a significant pace. The major growth driver of wireless monitoring and surveillance market includes growing demand for better & more cost-effective security management, fast-moving growth of network video market and new strict government initiatives on technology compliance among others. According to a recent study report published by the Market Research Future, The global market of Wireless Monitoring and Surveillance is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2016–2027).

The study indicates that the demand for security and improved monitoring solutions has commended the need for better monitoring and surveillance devices. Wireless monitoring and surveillance devices play a significant role for the deployment of improved security systems. The wireless monitoring systems helps in monitoring such places where it is not feasible to include cables. Organizations manufacturing wireless security products also play an important role for monitoring and controlling the wireless operations.

The study indicates that wireless cameras as a security system are becoming very popular owing to their low connection prices. It has elastic installing options; wireless cameras can be mounted in places earlier unreachable to standard wired cameras. Addition to it the ease of use and suitability of access, wireless safety camera permits operators to control broadband wireless internet to offer seamless video streaming over-internet.

Industry News

June 2016- Bosch Group has announced in June 2016 about its partnership with Protect as SA which is a leading security company of Sweden to provide better remote video monitoring services to the customers.

February, 2016- Honeywell, one of the leaders in wireless connectivity has announced in February, 2016 about its new development Micro RAE gas monitor which is industry’s first wireless 4-gas monitor that can work with all types of wireless communication protocol. The product need to be connected to smartphone to transmit gas which is been used to read over a cellular network.

September 6, 2016- Axis Communications, the market leader in network video, introduces an all-in-one wireless video surveillance solution for small businesses that want to monitor indoor premises such as a retail store or office. One week of video recordings are stored on-camera, eliminating recurring costs. The recordings are accessible by PC or mobile device using the free AXIS Companion video management software.

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Wireless Monitoring and Surveillance Global Market — Competitive Analysis

The market of Wireless Monitoring and Surveillance Market appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.

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