6wresearch logo

Vietnam Video Surveillance Market (2016-2022)-6Wresearch

July 07, 2016

Vietnam is emerging as one of the key revenue contributing countries in South-East Asia video surveillance market. Surging construction market, growing government spending, infrastructural development, and increasing FDI in retail and industrial sectors have spurred the demand for electronic security systems including video surveillance systems in Vietnam.

According to 6Wresearch, Vietnam Video Surveillance Market is expected to grow at a CAGR of 12.4% during 2016-22. Growing security concerns coupled with declining import taxes are driving the demand for video surveillance systems. With the decline of import taxes, price reduction of various video surveillance system components have been witnessed in the country. Vietnam Ministry of Finance has reduced tariff rates to zero on 90% of the goods under the ASEAN Trade in Goods Agreement (ATIGA). Vietnam is likely to register growth in demand for IP video surveillance systems during 2016-22 owing to growing awareness, declining prices, increasing IT infrastructure and spending.

According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, "Although, analog video surveillance systems held highest number of installations in the country, however IP video surveillance segment has captured major share of the market revenue pie. Low pricing advantage over IP video surveillance systems is one of the key factors for the overall growth of analog video surveillance systems demand in the country. Also, growing acceptance for Analog HD cameras amongst end users would further lead to deployment of high end analog cameras."

"Government & transportation and banking & financial verticals to register highest deployment for IP video surveillance systems in the forecast period," 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 offices and healthcare & hospitality verticals are also expected to exhibit key growth over the next six years owing to growing infrastructural developments and hotels in the country."

"Video analytics software market is surging on the back of rising penetration of IP video surveillance systems especially in government & transportation vertical. Southern region has accounted for largest revenue share in Vietnam video surveillance market attributed to key construction projects in commercial and retail verticals." Shefali concluded.

The major companies in Vietnam video surveillance market include- Avigilon Corporation, Axis Communications, Bosch Security Systems, Hikvision, Hanwha Techwin (Samsung), Panasonic, Sony, and Pelco by Schneider.

"Vietnam Video Surveillance Market (2016-2022)" provides in-depth analysis with 80 figures and 22 tables covered in more than 130 pages. The report estimates and forecast overall Vietnam 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.

Media Source: Open PR

      Browse More Report

Middle East Power Tools Market (2018-2024)

Market Forecast By Types (Electric and Pneumatic), By Tool Types (Metal, Concrete, Wood Working and Others), By Verticals (Construction, Automotive, Manufacturing and Others), By Countries (Turkey, Iran, Saudi Arabia, UAE, Qatar, Oman, Bahrain and Kuwait)...

Read More

Sri Lanka Stationery Market (2018-2024)

Market Forecast By Type (Paper Stationery (Copier, Exercise Notebook, Premium Paper Stationery and Other Paper Stationery), Non-Paper Stationery (Pen, Pencil, Eraser, Scale, Sharpener, Art Stationery, Pencil Box, Eraser and Other Non-Paper Stationery...

Read More

Europe Blockchain Technology Market (2018-2024)

Market Forecast By Technology Types (Public Blockchain, Private and Permissioned Blockchain and Hybrid Blockchain), By Applications (Financial and Non-Financial), By End- Users (BFSI, Government and Public Sector, Transportation and Logistics, Healthcare...

Read More

Myanmar Stationery Market (2018-2024)

Market Forecast By Paper Stationery Types (Copier Paper (65-70 GSM, 70-80 GSM and Above 80 GSM), Exercise Notebook (Notebook, Drawing Notebook, Notepad and Others including Graph Notebook and Practical Notebook), Premium Paper Stationery...

Read More

Africa Solar Water Pump Market (2018-2024)

Market Forecast By Power Rating (Upto 3 HP, 3.1 to 10 HP and Above 10 HP), By Design Type (Surface and Submersible), By Drive Type (AC Motor and DC Motor), By Applications (Agriculture and Domestic), By Countries (Tanzania, Ethiopia, Kenya, South Africa, Tunisia, Egypt...

Read More

India Self Priming Pumps Market (2018-2024)

Market Forecast By Types (Electric and Diesel), By Head Range (Below 30 m, 30-50 m, 50.1-100 m and Above 100 m), By Horse Power (Below 1 HP, 1-3 HP, 3.1-5 HP, 5.1-7 HP, 7.1-10 HP and Above 10 HP), By Applications (Residential, Agriculture, Oil & Gas...

Read More

India Smart TV Market (2018-2024)

Market Forecast By Screen Type (Curved and Flat), By Screen Size (32 to 45 inches, 46 to 55 inches, 56 to 65 inches and Above 65 inches), By Resolution (4K UHD TV, Full HD TV and HD Ready), By Technology (LED, OLED and QLED), By Distribution Channels...

Read More

India Power Tools Market (2018-2024)

Market Forecast By Technology (Electric Power Tools (Corded Power Tools and Cordless Power Tools) and Pneumatic Power Tools)), By Tool Types (Metal Segment, Concrete Segment, Wood-working Segment and Others), By Verticals...

Read More

Bangladesh Stationery Market (2018-2024)

Market Forecast By Types (Paper Stationery (Copier, Exercise Notebook, Premium Paper Stationery and Other Paper Stationery) and Non-Paper Stationery (Pen, Pencil and Other Non-Paper Stationery (Art Stationery, Scale, Sharpener, Eraser, Pencil Box...

Read More

India Art Stationery Market (2018-2024)

Market Forecast By Types (Crayons (Wax Crayons and Plastic Crayons), Pencil Colors, Oil Colors, Sketch Pens, Oil Pastels, Poster Colors, Acrylic Colors and Other Art Stationery)), By End Users (Students and Professional & Hobby Artists), By Regions...

Read More

Middle East Transfer Switch Market (2018-2024)

Market Forecast By Types (Automatic Transfer Switch and Manual Transfer Switch), By Transition Mode (Open Transition Mode and Closed Transition Mode), By Ampere Rating (0-400A, 400-1600A and Above 1600A), By Applications (Industrial, Commercial and Residential)...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events