Analog Security Camera Market by End-user and Geography - Forecast and Analysis 2021-2025

The analog security camera market share is expected to increase by USD 345.62 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 1.61%.

This analog security camera market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers analog security camera market segmentations by end-user (public, commercial and industrial, and residential) and geography (APAC, North America, Europe, MEA, and South America). The analog security camera market report also offers information on several market vendors, including Advanced Technology Video Inc., Costar Technologies Inc., Hangzhou Hikvision Digital Technology Co. Ltd., Hanwha Group, Hitron Systems Inc., Honeywell International Inc., Motorola Solutions Inc., Panasonic i-PRO Sensing Solutions Co. Ltd., Robert Bosch GmbH, and Vicon Industries Inc. among others.

What will the Analog Security Camera Market Size be During the Forecast Period?

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Analog Security Camera Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing government security initiatives is notably driving the analog security camera market growth, although factors such as limitations of data storage may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the analog security camera market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Analog Security Camera Market Driver

One of the key factors driving the analog security camera market is the increasing government security initiatives. The increasing number of criminal activities such as thefts, fraud, and illegal possession of firearms has pushed governments to improve their security measures. This has led them to roll out initiatives that mandate the installation of CCTV cameras across cities to enhance the security and safety of citizens. For instance, the Government of Delhi, India, installed around 0.3 million CCTV cameras to increase the safety of citizens, especially women. In the same year, it initiated the installation of 0.14 million CCTV cameras. In addition, the government agreed on providing subsidies on power consumption to those using CCTV cameras. Similarly, the NSW Liberals and the Nationals Government of Australia planned to install CCTV cameras, which will benefit around 1,000 community organizations and small businesses by 2023. For such reasons, increasing government initiatives across countries will boost the demand for analog security cameras across the world during the forecast period.

Key Analog Security Camera Market Trend

Integration of facial recognition technology in video surveillance is another factor supporting the analog security camera market growth in the forecast period. By analyzing facial patterns, facial recognition technology can help identify and verify someone's identity. It can be added to CCTV cameras to provide a higher level of security. Q-See, for example, has created new smart surveillance DVRs that use facial recognition analytics to automatically identify and verify people via video surveillance. With the right software, users can use this facial recognition technology with analog HD cameras. It verifies, tracks, and authorizes both employee and non-employee activities by comparing selected facial features against a facial database. It has features like automatically clocking employees and detecting and sounding an alarm when an employee or unauthorized user enters an area without permission. This analog surveillance system provides clear images that aid in facial recognition. As a result, key vendors are concentrating their efforts on bringing facial recognition technology-based CCTV cameras to market.

Key Analog Security Camera Market Challenge

Limitations of data storage and issues with the quality of surveillance data will be a major challenge for the analog security camera market during the forecast period. Analog cameras produce a significant amount of data in the form of images and videos, necessitating the use of a dedicated storage system. The data storage capacity of analog security camera systems is limited. For example, for three months of recording, an analog camera with a video quality of 704x480 pixels and a frame rate of 10 frames per second produces one terabyte of data. Such information necessitates the use of devices with a large storage capacity. Many CCTV cameras have been installed in major cities and regions, and many more are being installed. These cameras produce a significant amount of data. More data storage capacity is required for efficient storage of such data, which will raise the cost of installing these cameras. Furthermore, CCTV surveillance systems also provide video-based information about potential threats in a given area. Analog security cameras, on the other hand, have issues with image quality, such as sensor noise, low-quality images in low-light situations, and low camera resolution. Therefore, the images or audio recordings may lack clarity, obscuring the objects of interest. This further impedes market growth.

This analog security camera market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global analog security camera market as a part of the global technology hardware, storage, and peripherals market. Furthermore, growing demand for data centers, rising penetration of mobile computing devices, and increasing volume, velocity, veracity, and variety (4Vs) of data are some of the factors driving the parent market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the analog security camera market during the forecast period.

Who are the Major Analog Security Camera Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Advanced Technology Video Inc.
• Costar Technologies Inc.
• Hangzhou Hikvision Digital Technology Co. Ltd.
• Hanwha Group
• Hitron Systems Inc.
• Honeywell International Inc.
• Motorola Solutions Inc.
• Panasonic i-PRO Sensing Solutions Co. Ltd.
• Robert Bosch GmbH
• Vicon Industries Inc.

This statistical study of the analog security camera market encompasses successful business strategies deployed by the key vendors. The analog security camera market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Costar Technologies Inc. - In April 2020, Costar Technologies, Inc. announced the appointment of Sarah Ryder as Chief Financial Officer and Shane Compton as Chief Operating Officer. 
• Hanwha Group - In January 2021, Hanwha Solutions announced that they signed a deal to acquire a 100-percent stake in Cimarron Composites, an American high-pressure tank manufacturer. 

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The analog security camera market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Analog Security Camera Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the analog security camera market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global technology hardware, storage, and peripherals market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by manufacturer providers to ensure a sustainable market presence.

Which are the Key Regions for Analog Security Camera Market?

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56% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the analog security camera market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Rapid urbanization and the increasing focus on smart city initiatives will facilitate the analog security camera market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

COVID-19 halted development activities by private and public sector undertakings in the APAC region. However, ever since restrictions have been lifted post-June 2020, the activities have resumed and the demand for analog cameras has picked up gradually.

What are the Revenue-generating End User Segments in the Analog Security Camera Market?

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The market share growth by the public segment will be significant during the forecast period. In the public sector, analog security cameras are installed at several places, such as healthcare buildings, educational buildings, government buildings, religious buildings, and transportation infrastructure (roads and traffic junctions). The use of analog security cameras for video surveillance systems improves situational awareness, prevents untoward incidents, and simplifies response to emergencies. As a result, the demand for analog security cameras is increasing from government offices and organizations, as well as public infrastructures such as metro stations, traffic signals, and federal prisons. Market growth in this segment will be faster than the growth of the market in the commercial and industrial, residential segments.

This report provides an accurate prediction of the contribution of all the segments to the growth of the analog security camera market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Analog Security Camera Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive analog security camera market growth during the next five years
• Precise estimation of the analog security camera market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the analog security camera industry across APAC, North America, Europe, MEA, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of analog security camera market vendors

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