Post COVID-19 Surveillance: CCTV Camera Manufacturers Can Expect a Spike in Demand, says Future Market Insights

The effectiveness of national efforts to combat
coronavirus is hinged on the government’s ability to measure its spread and use
that information to prioritize public health efforts. Worst-hit countries such
as China are thus mobilizing mass surveillance tools such as CCTV cameras to
monitor quarantined individuals. While such efforts are creating tailwinds for
the growth of CCTV
camera market
growth, mounting concerns over privacy will continue to present
challenges.

A new report of Future Market Insights (FMI)
reveals that the global spending on CCTV cameras was more than US$ 8.6 Bn in
2019, which was 4.7% up (yearly) over that in 2018. The impact of the recent
COVID-19 outbreak on CCTV camera will be prominent on the demand and supply
scenarios, further causing ramifications in 2020.

Dome
Cameras Remain Product of Choice

Dome cameras continue to account for major share
of manufacturers’ bottom lines, highly influenced by discrete design, durable,
and vandal proof attributes. Capturing over 36% of the total demand,
manufacturers are specifically focused on this category. On the other hand,
fixed bullet cameras have been witnessing an exponential rise in demand, owing
to longer range and ease of installation.

Download
Sample Copy with Table of Contents
: https://www.futuremarketinsights.com/reports/sample/rep-gb-1009

“Countries
focusing on a combination of more effective contact tracing, widespread
testing, and isolation of patients in early days of the pandemic are considered
to have performed better. Subsequently, several nations are rolling out a
mass-surveillance system that obtains information from various sources such as
CCTV footage to track the spread of COVID-19. The result is likely to work in
favor of the market players,”
says the FMI
analyst
.

North
America to Account for 1/3rd of Global Market Value

North America will continue to maintain its dominance
in the global CCTV camera market, given the greater adoption of network-based
video surveillance solutions in the region. High demand is expected from Asian
countries during the pandemic, as governments in the region are pursuing plans
to use digital technologies and geo-locational data to monitor the spread of
coronavirus.

While manufacturers are eyeing lucrative
opportunities in Europe and Latin America, serious questions are arising about
how to stop governments from using CCTV cameras and various surveillance tools
to obtain private information after the pandemic subsides. This, in turn, will
have a significant impact on growth prospects of the CCTV camera market in the
immediate future.

The FMI study offers near- and long-term growth
outlook of the CCTV camera market.
Gain access to
FMI’s exclusive COVID-19 tracker here
.

Source:
Future Market Insights

FMI Blog

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