6wresearch logo

6Wresearch announces the Vietnam Video Surveillance Market report

May 12, 2016

The report provides in-depth analysis with over 80 figures and 22 tables covered in 130 pages. The report estimates and forecast overall UAE elevator & escalator market by revenue, elevator & escalator type, by services, and by vertical.

The report also gives insights on price trends, market trends, competitive landscape, company profiles, market drivers and restraints.

Vietnam- The Fastest Growing Video Surveillance Market in South-East Asian Region

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."

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."

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)" report 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: Security Middle East

      Browse More Report

India Solid State Drive (SSD) Market (2017-2023)

Market Forecast by Technology (SLC,MLC and TLC), Interface Type (SATA II, SATA III, PCIe/ NVMe, SAS 6GB/s and SAS 12GB/s), Application (Client and Enterprise) and Competitive Landscape

Read More

Saudi Arabia Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast By Types (Clean Agent, CO2, Wet Chemical & Dry Chemical), Verticals (Residential, Commercial, Industrial, Hospitality, Retail and Oil & Gas), Regions (Eastern, Western, Central & Southern) and Competitive Landscape

Read More

Qatar Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast by Types (Fire Suppression Systems & Equipment, Fire Detection System & Equipment & Other Fire Safety Systems & Equipment), Verticals (Residential, Commercial, Industrial, Hospitality, Retail and Oil & Gas)...

Read More

Europe Energy Storage Systems Market (2017–2023)

Market Forecast By Technology (Electro-Chemical Energy, Mechanical Energy, Thermal (Molten Salt) and Others), Applications (Residential, Power Utilities, Commercial & Industrial and Transportation) and Countries (Germany, France, Spain, United Kingdom, Italy and Rest of Europe)

Read More

India Video Surveillance as a Service Market (2017-2023)

Market Forecast By Service Types (Hosted, Managed & Hybrid), Verticals (Government & Transportation, Retail, Commercial, Hospitality & Healthcare, Residential and Industrial...

Read More

India Building Automation and Control Market (2017-23)

Market Forecast by Types (Relay, Sensors & Dimming & Others), Verticals (Government & Transportation, Retail, Commercial Offices, Residential, Healthcare & Hospitality and Others)

Read More

Saudi Arabia Electric Motor Market (2017–2023)

Market Forecast By Types (AC Motor & DC Motor), Voltage (Low, Medium & High), End Users (Petrochemical, Chemicals & Fertilizers, Oil and Gas, Water & Utilities, Cement, Metals & Mining and Others), Applications (Pump, Fan, Compressor, Conveyors, Extruders and Others...

Read More

India Video Surveillance Market (2017– 2023)

Market Forecast By Surveillance Type (Analog & IP Surveillance), Software (Video Management Software, Video Analytics and Others), By Components (Cameras (Analog and IP), DVR/NVR, Encoders/Decoders)...

Read More

United Kingdom Diesel Genset Market (2017–2023)

Market Forecast By KVA Rating (5-75 KVA Diesel Genset, 75.1-375 KVA Diesel Genset, 375.1-750 KVA Diesel Genset, 750.1-1000 KVA Diesel Genset and 1000 KVA Diesel Genset), By Applications (Retail & Logistic, Manufacturing & Processing...

Read More


Our Key Clients
6wreserach client list