Global Video Surveillance market to Reach $105.99 billion by 2026 and How New Technology will Play Key Role; DirectView Holdings, Inc (OTC:
POINT ROBERTS, Wash., Nov. 29, 2018 (GLOBE NEWSWIRE) — Investorideas.com, a leading investor news resource covering security stocks releases a sector snapshot of the growing global video surveillance market, how companies in the sector are capitalizing on it and how smarter technology plays into the growth.
According to a report just released, “the Global Video Surveillance market accounted for $30.01 billion in 2017 and is expected to reach $105.99 billion by 2026 growing at a CAGR of 15% during the forecast period.”
Continued: “Some of the important factors driving the market growth include rising demand for DIY and Spy Cameras, recent events of crimes and terrorist attacks and growing implementation of IP Cameras. One of the major opportunities is the Ongoing Technological Advancements in Big Data, Video Analytics, IoT, and Cloud-Based Services.”
Video and security technology company, DirectView Holdings, Inc. (OTC:
From the news: “According to the agreement, the targeted business must generate annual sales ranging between $1,500,000.00 to $10,000,000.00, must be located in the United States and must fall in either of the following categories; CCTV integrators, CCTV Websites, Alarm Companies, Monitoring Companies, Low Voltage Cabling Companies and WiFi companies.”
This follows up on news last week that the Company achieved record sales and gross profits for the nine months ended September 30, 2018, reporting 22% sales growth to a record $3.3 million, a 20% growth in product sales to a record $2.7 million and a 32% growth in services sales to a record $0.6 million.
Looking at the biggest companies in the sector as a model for growth, market competition by top manufacturers based on production, revenue and market size, include: Hangzhou Hikvision, Honeywell, Axis Communications, Zhejiang Dahua Technology, FLIR Systems, Avigilon Corporation, Hanwha Techwin, Infinova Corporation, Nice Systems, Panasonic, Pelco By Schneider Electric, Start-Up Ecosystem, IP Video Mobile Technologies, Camcloud Inc., Solink Corporation and Camiolog, Inc., according to LPInformation.biz.
FLIR Systems, Inc. (NASDAQ:
FLIR is betting on technology advancement for its future and recently announced the launch of FLIR TruWITNESS®, an industry-first wearable sensor platform designed for city-level security and public safety operations. TruWITNESS combines video, audio, location data, Internet of Things (IoT) capabilities, and cloud and management software in one solution, allowing organizations to reach a new level of situational awareness. In mid- October they also reported the industry’s first deep learning inference-enabled machine vision camera, the FLIR Firefly.
DirectView Holdings, Inc. (OTC:
Talking about smarter security and surveillance as a key to growth, Honeywell International Inc. (NYSE:
Panasonic Corporation’s (