Nigeria Video Surveillance Market Outlook (2022-2028) | Size, Revenue, Companies, Growth, Value, Industry, Trends, Analysis, Forecast & Share

Nigeria Video Surveillance Market report thoroughly covers the market by components and applications. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.

Nigeria Video Surveillance Market Synopsis

Nigeria video surveillance market registered a decline in demand during in 2020 on the account of the sudden outbreak of Covid-19 which resulted in stringent lockdown affecting industrial and manufacturing activities along with the closing down of all educational institutes, banks, hotels, and malls, etc. Although, as soon as the lockdown was lifted, the market started recovering from the losses and the market is expected to grow future on account of growing government and infrastructural projects in the country.

According to 6Wresearch, Nigeria video surveillance market size grew at a CAGR of 5.0% during 2022-2028. The video surveillance market in Nigeria is increasing significantly over the last few years on account of the rising growth of BFSI sector in the country, along with rising security concerns, primarily arising from increasing incidents of theft, domestic crime, and acts of terrorism growing government, commercial, and IT infrastructure in the country. Both government and private organizations are engaging video surveillance to monitor the occurrence of terrorist activities, such as contraband smuggling, shoot-outs, and bombings in high perils and sensitive locations.

Market Analysis By Applications

In 2021, within verticals, government and transportation vertical has generated a majority of the market revenues owing to increasing investments in various infrastructure projects, government initiatives for installing CCTVs, and surging spending that have improved the economic conditions of the country along with increasing terrorist activities and crime rates.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 6 Years Market Numbers.
• Estimated Data Starting from 2022F to 2028F.
• Base Year: 2021
• Forecast Data until 2028F.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Nigeria Video Surveillance Market Overview
• Nigeria Video Surveillance Market Outlook
• Nigeria Video Surveillance Market Forecast
• Historical Data and Forecast of Nigeria Video Surveillance Market Revenues & Volume for the Period 2018-2028F
• Historical Data and Forecast of Nigeria Video Surveillance Market Revenues & Volume, By Components, for the Period 2018-2028F
• Historical Data and Forecast of Nigeria Video Surveillance Camera Market Revenues & Volume, By Camera Type, for the Period 2018-2028F
• Historical Data and Forecast of Nigeria Video Surveillance Recorder Market Revenues & Volume, By Recorder Type, for the Period 2018-2028F
• Historical Data and Forecast of Nigeria Video Surveillance Market Revenues, By Applications, for the Period 2018-2028F
• Market Drivers and Restraints
• Nigeria Video Surveillance Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Nigeria Video Surveillance Market Revenue Share/Ranking, By Companies
• COVID-19 impact on Video Surveillance Market
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

• By Components

• Video Surveillance Cameras
  • Wired Camera
  • Wireless Camera
• Analog Camera
• IP/Network Camera
• Video Surveillance Recorder
• Network Video Recorder
• Digital Video Recorder
• Video Surveillance Encoder
• Video Management Software

By Applications

• Banking & Financial
• Government & Transportation
• Retail & Logistics
• Commercial Offices
• Industrial & Manufacturing
• Residential
• Hospitality & Healthcare
• Educational Institutions

Frequently Asked Questions About the Market Study (FAQs):