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The Asia Pacific Video Surveillance as a Service Market is anticipated to record a CAGR of 18.86%, across the forecast period of 2021 to 2028. The region's market growth is attributable to the implementation of improved security system solutions in developing countries, the rising adoption of security standards across several industry modes, and improvements within the transportation infrastructure.
The Asia Pacific Video Surveillance as a Service Market growth is assessed through the analysis of China, Indonesia, Vietnam, South Korea, Australia & New Zealand, Russia, Thailand, India, and the rest of the Asia Pacific. The increasing importance of video surveillance in India, particularly after tragic terror incidents, such as the train attack and the Taj Hotel attack, in 2006 and 2008, respectively, have compelled the government to adopt improved video surveillance solutions. Moreover, the rising trends of urbanization, the innovations across connectivity, and the emergence of smart homes and offices, further augment the country's market growth.
On the other hand, Indonesia's economy has been observing a growing trend, over the past decades. Several companies and industries are also investing in the country, as well. These investments play a significant role in the development of various sectors, including, information technology, banking, and manufacturing. In addition, the majority of multinational corporations in Indonesia need video surveillance systems, which greatly benefits the country's demand for the same. Hence, these factors are expected to fuel Asia Pacific Video Surveillance as a Service Market growth during the forecast period.
Distinguished firms operating in the market are, Cisco Systems Inc, Panasonic System Networks Co Ltd, Honeywell Security Group, Zhejiang Dahua Technology Co Ltd, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments