South Africa Video Surveillance Market Reached USD 72.3 Mln in 2015, States 6Wresearch in New Report Published at MarketPublishers.com29 Apr 2016 • by Natalie Aster
LONDON – Though, South African video surveillance systems marketplace is quiet mature, however, it recorded sluggish demand for these systems during 2013-2015 due to the overall slowdown in the rates of economic growth and country’s currency depreciation.
South Africa’s video surveillance industry earned USD 72.3 million in revenues as of 2015. The growth of the sector is being fuelled by a set of factors such as the anticipated growth in the construction domain, a surge in crime rates, the emergence of novel hotels and shopping malls, and growing urbanisation rates, among others.
Segment-wise, IP video surveillance captures the lion’s share of the domestic video surveillance industry revenue due to key deployments in the government and transportation industry verticals. However, in volume terms, the analog video surveillance systems segment held the majority of the volume share on account of relative inexpensiveness and availability.
With respect to verticals, government and transportation grabbed the lion’s revenue share of South Africa’s market pie. In the forthcoming years, the commercial offices and healthcare & hospitality verticals are predicted to grow at comparatively faster CAGR to 2022.
New research publication “South Africa Video Surveillance Market (2016-2022)” drawn up by 6Wresearch examines the video surveillance market on a national level, segmenting it by types, verticals, and by regions. It presents detailed market size estimates and forecast of the worldwide video surveillance market, over 2010-2015 and up to 2022; market revenues and volumes for the domestic video surveillance industry over the historical and forecast period; market revenues and volumes (historical and forecasted) for the major market segments individually. The report offers unprejudiced and granular analysis of the current trends, lucrative opportunities and high-growth areas; delves deep into the market drivers and stumbling blocks; explores the competitive scene covering market revenues by companies and a competitive benchmarking by technology; and provides company profiles of the top 10 industry players along with their market shares.
More studies by the publisher can be found at 6Wresearch page.