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Rising Crime Rate, Developing Public Infrastructure Along with Increasing Awareness Among People are Expected to Drive the Growth of South Africa Video Surveillance Market During 2019-25 - 6Wresearch

31 July, 2019

Development plans such as National Transport Master Plan (NAPMAP) 2050 and National Development Plan 2030 along with recovering construction industry would spur the demand for video surveillance systems in South Africa over the coming years. Further, infrastructure development such as hotels, stadiums, offices and recreational facilities along with strengthening of public service sectors such as education, recreation, tourism and health would open up new avenues for the application of video surveillance solutions in the country.

According to 6Wresearch, South Africa video surveillance market size is projected to grow at a CAGR of 3.9% during 2019-25. Government initiatives for deploying video surveillance systems in the transportation domain, government regulations in education sector to install surveillance systems, rising number of residential buildings would create opportunities for new installations of video surveillance systems during the forecast period in the country. Further, rising crime rate and growing security concerns among people would play an important role in the overall growth of surveillance solutions in the region during the forecast period.

According to Rachit Gulati, Senior Research Analyst, 6Wresearch, "The commercial and residential segments hold the maximum revenue share, due to rapidly rising number of installations of video surveillance solutions across domains such as hospitality, retail, healthcare and education. Further, owing to recovering construction industry and increasing awareness among people for such solutions, the commercial and residential sectors in South Africa are forecast to witness a growth over the coming years."

According to Chhavi Malpani, Research Analyst, 6Wresearch, "Amongst components, CCTV cameras captured the highest volume share in the overall South Africa video surveillance market. Between camera types, IP surveillance cameras are anticipated to witness brisk growth in the coming years owing to advanced features such as better video quality, higher resolution and several other intelligent and analytical advancements offered by IP surveillance solutions."

Some of the major companies in the South Africa video surveillance market include Hikvision, Axis, Dahua, Avigilon and Bosch.

"South Africa video surveillance market (2019-2025)" provides an in-depth analysis with 72 figures and 5 tables covered in 124 pages. The report estimate and forecast the overall South Africa video surveillance market by components, verticals, provinces, camera types, megapixels, form factor and recorder types. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

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