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Transparency Market Research: Video Surveillance Market’s Value to Reach $48B by 2020

Transparency Market Research: Video Surveillance Market's Value to Reach $48B by 2020 - top government contractors - best government contracting event
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SurveillanceCamsTransparency Market Research has published a report that says the worldwide video surveillance systems and services market hit almost $15 billion in value two years ago.

The market’s value is forecast to reach $48.32 billion by the end of 2020 at an 18.1 percent compound annual growth rate, Transparency Market Research said Thursday.

The research company noted that video surveillance and video surveillance-as-a-service platforms are designed for government residential, transportation, infrastructure, educational, healthcare and industrial use.

Industry players include Cisco Systems, Honeywell International, Axis Communications, Bosch Security Systems, Genetec, Sony and Panasonic.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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