South Africa Video Surveillance Market Generated $72 million in 2015

FOR IMMEDIATE RELEASE

Free Press Release Submitted by 6wresearch.com

6wresearch.com

 

 

 

 

 

Press Release Distribution

South Africa is the leading video surveillance systems market in
African region. Compared to other African countries, South Africa’s
market is quiet mature. Though, South African market dominates in
Africa but has registered sluggish demand for video surveillance
systems during 2013-15 owing to overall economic slowdown and
depreciation of country’s currency.  (Free-Pr-Online.com) 

According to 6Wresearch, South Africa Video Surveillance Market
generated $72.3 Million in 2015. The market growth is expected to
bounce back by 2018 due to improvement in South African economy,
government spending on public safety & security, coupled with expected
flow of investments in the country primarily in retail and commercial
verticals. Infrastructural development in the country would further
fuel the market for video surveillance systems over the next six
years.

According to Prijo Samuel, Senior Research Analyst, Research and
Consulting, 6Wresearch, “IP video surveillance segment captured
major share of the market pie. Deployment for IP surveillance systems
for city surveillance and traffic management have led for the growth
of the market. Further, need for remote accessibility, demand for
video analytics and increasing IT infrastructure have spurred the
installation of IP video surveillance systems in the country”.

“Over the next six years, South Africa is anticipated to remain
dominant country in African region, where major market demand is
exhibited from government & transportation and commercial verticals”
Samuel further added.

According to Shefali Goel, Research Analyst, Research and Consulting,
6Wresearch, “Amongst all verticals, government & transportation
contributes a major share in the market revenues; however, commercial
office and healthcare & hospitality verticals are also expected to
witness key growth through the forecast period”.

“Gauteng province has accounted for the largest revenue share in
South Africa’s video surveillance market due to infrastructure
development activities in commercial and retail verticals. Moreover,
Mpumalanga province is forecast to grow with relatively higher CAGR
from 2016 to 2022” Shefali concluded.

The key players in South Africa’s video surveillance market are
namely, Avigilon, Axis Communication, Bosch Security, Hikvision and
Pelco.

“South Africa Video Surveillance Market (2016-2022)” provides
in-depth analysis with 90 figures and 18 tables covered in more than
120 pages. The report estimates and forecast overall South Africa
video surveillance market by revenue, by types, by region and by
verticals such as banking & financial, government & transportation,
retail & logistics, commercial offices, industrial & manufacturing,
residential, hospitality & healthcare and educational institutions.
The report also gives the insights on competitive landscape, market
share by companies, companies benchmarking, company profiles, market
drivers and restraints.

Source Link:
http://www.6wresearch.com/press-releases/south-africa-video-surveillance-market-share-growth-opportunity-size-media-news.html

For Further details, please contact:
Email Us: sales@6wresearch.com
Call Now: +91-11-430-24-305

Both comments and pings are currently closed.

Comments are closed.

Powered by WordPress | Designed by: Premium Themes. | Thanks to Juicers, Free WP Themes and