Southeast Asia Video Surveillance Market Overview
Video Surveillance Market in Southeast Asia is anticipated to project momentum during the upcoming years on account of Growing urbanization, increasing security concerns, and a surge in investment in infrastructure development projects. Projected growth in the construction market, upcoming new hotels, shopping malls, airports, metros, and railway development projects coupled with an increasing inflow of FDI in the construction and retail sectors would drive the demand for video surveillance during the forthcoming years. Rising disposable income coupled with the application of artificial intelligence is driving the Southeast Asia Video Surveillance market growth.
According to 6Wresearch, the Southeast Asia Video Surveillance Market size is anticipated to register growth during 2020-2026. The rising integration of analytics capabilities with cameras is influencing the growth of the industry. Increasing usage of cameras in various sectors such as by law enforcement agencies. Growing initiatives in smart cities and adoption of cameras in industries such as healthcare and hospitality. However, the Southeast Asia market is expected to register a decline in demand during 2020 on account of the COVID-19 pandemic. The COVID -19 pandemic Southeast Asia region has witnessed a complete lockdown during the first quarter of 2020, resulting in an economic slowdown and leading to a decline in the demand for video surveillance systems in the region.
Key Highlights of the Report:
- Southeast Asia Video Surveillance Market Overview
- Southeast Asia Video Surveillance Market Outlook
- Southeast Asia Video Surveillance Market Forecast
- Historical Data of Southeast Asia Video Surveillance Market Revenues & Volume for the Period 2016-2019
- Southeast Asia Video Surveillance Market Size and Southeast Asia Video Surveillance Market Forecast of Revenues & Volume, Until 2026
- Historical Data of Southeast Asia Video Surveillance Market Revenues & Volume, By Components, for the Period 2016-2019
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