Axis Communication AB-Company profile, Business Overview, Financial Performance, Operating Segments, Strategic Moves, and Competitive Intelligence Report

IP Video Surveillance and VSaaS Market is expected to garner $61.3 billion by 2022, registering a CAGR of 18.8% during the forecast period 2016-2022. Internet protocol (IP) video surveillance refers to networked and digitized video monitoring. It is also referred as an advanced version of traditional, closed-circuit CCTV cameras. IP video surveillance revolutionized the video surveillance industry by offering high level of flexibility and scalability features in comparison to the CCTV and other conventional surveillance systems. The IP video surveillance market is currently undergoing an evolutionary phase in developing countries. On the other hand, in developed countries, the analogue surveillance systems are being actively replaced by IP surveillance systems, owing to increasing demand of advanced workplace surveillance solutions amongst business organizations.